Duplex with Upper-Level
For Sale
$199,900
12206 Prudie Street, Gulfport, MS 39503
Both residences are leased and feature three-bedroom, two-bath layouts with included kitchen appliances.
Property Size2,095 SF
Price / SF$95.42
Days on Market157
Property Features for 12206 Prudie Street
General Information
Standard status
Active
Size
2,095 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
Multi-Family & Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,095 SF
Year Built
2010
Units
2
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier
Listed By:
Twila A Peterson · License #B15078
(228) 497-1800
Source:
Cumbestrealty
Added: May 26
Changed: Oct 25
Last Checked: Oct 26 at 3:52AM
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 Coldwell Banker Smith Home Rltrs-Gautier
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Investment Insights
Based on property information with market context.
Built in 2010, this duplex contains 2,095 square feet across two residences, each arranged with three bedrooms and two bathrooms. The open kitchen connects to the living area, and the appliance package includes a range, microwave, dishwasher, and refrigerator. Each unit also has hookups for a stackable washer and dryer. The upper residence includes a balcony.
Interior and exterior paint, flooring, appliances, and HVAC have been updated; systems and equipment are new or recently serviced. Both units are leased. The property is zoned Multi-Family & Duplex, and showings require 24 hours’ notice to accommodate the tenants.
Interior and exterior paint, flooring, appliances, and HVAC have been updated; systems and equipment are new or recently serviced. Both units are leased. The property is zoned Multi-Family & Duplex, and showings require 24 hours’ notice to accommodate the tenants.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,095 SF total property size
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,185
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,700
$263.7K
Cap Rate 7%
$188,357
$188.4K
Cap Rate 9%
$146,500
$146.5K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$20.4K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.8K $8.99/SF
− OpEx
−$5.7K −$2.70/SF
NOI
$13.2K $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%
$263,700
Cap Rate 7%
$188,357
Cap Rate 9%
$146,500
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 5.86%
Theoretical Best
Healthcare Medical
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature three-bedroom, two-bath layouts with included kitchen appliances.
Where is this duplex located?
The property is located at 12206 Prudie Street Gulfport, MS.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,095 SF total property size; Built in 2010
