Two-Unit Duplex with
For Sale
$220,000
12198 Prudie Circle, Gulfport, MS 39503
Both residences are occupied and include in-unit laundry, with a front porch at one unit and a private balcony at the other.
Property Size2,226 SF
Price / SF$98.83
Days on Market8
Property Features for 12198 Prudie Circle
General Information
Standard status
Active
Size
2,226 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
front porch
private balcony
Building Details
Year Built
2011
Stories
2
Tenancy
Multi
Listing Agency:
Welcome Home Real Estate, Inc.
Listed By:
Cindy Zirlott · License #mu.zirlcc
Source:
Cdgroupusa
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Welcome Home Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2011, this 2,226-square-foot duplex contains two similarly configured residences, each with three bedrooms and two bathrooms. The downstairs unit has an open living and kitchen area with an eat-in breakfast bar, a front porch, fresh paint, luxury vinyl flooring, and a washer-dryer combination. The upstairs unit includes a private balcony, carpet and linoleum flooring, and its own washer-dryer combination.
Both units are tenant-occupied. The downstairs lease runs through January 31, 2027, while the upstairs residence has a long-term tenant. The building has also been pressure-washed and painted.
Both units are tenant-occupied. The downstairs lease runs through January 31, 2027, while the upstairs residence has a long-term tenant. The building has also been pressure-washed and painted.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,226 square feet; built in 2011
- Downstairs unit lease expires January 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,010
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,200
$280.2K
Cap Rate 7%
$200,143
$200.1K
Cap Rate 9%
$155,667
$155.7K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$21.6K $9.72/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$20.0K $8.99/SF
− OpEx
−$6.0K −$2.70/SF
NOI
$14.0K $6.29/SF
Area
Harrison County, MS
Vacancy
7.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,200
Cap Rate 7%
$200,143
Cap Rate 9%
$155,667
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.5K
NOI $14,010 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$177.8K
$155.6K – $207.5K
NOI $12,448 @ 7.0% cap · market cap 5.66%
Theoretical Best
Healthcare Medical
$358.6K
$313.8K – $418.4K
NOI $25,103 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include in-unit laundry, with a front porch at one unit and a private balcony at the other.
Where is this duplex located?
The property is located at 12198 Prudie Circle Gulfport, MS.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,226 square feet; built in 2011; Downstairs unit lease expires January 31, 2027
