2-Unit
For Sale
$139,900
Pending
1427 Jo Ellen Circle, Gulfport, MS 39501
Residential, Gulfport, MS
Property Size1,890 SF
Lot Size0.20 Acres
Days on Market50
Property Features for 1427 Jo Ellen Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Driveway
Appliances
Cooktop, Free-Standing Refrigerator
Subdivision
Metes And Bounds
Elementary school district
Gulfport Dist
Middle school district
Gulfport Dist
High school district
Gulfport Dist
Standard status
Pending
APN
0711k-04-037.001
Size
1,890 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1427 OWEN HOMES SUBD PHASE 2
Tax Annual Amount
1245
Legal Description
LOT 1427 OWEN HOMES SUBD PHASE 2
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Flooring type
Laminate
Roof type
Aluminum
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 7:06PM
MLS# 4161852
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,890-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Built in 1955, the property sits on a 0.2-acre lot. Interior features include laminate flooring, cooktops, and free-standing refrigerators; heating is provided by heat pumps, and cooling is central air. The roof is aluminum, and the property has a driveway for parking.
Public water and sewer serve the property. The two residences provide matching bedroom and bathroom layouts.
Public water and sewer serve the property. The two residences provide matching bedroom and bathroom layouts.
Key Highlights
- Two residences, each with two bedrooms and one bathroom
- 1,890 square feet on a 0.2‑acre lot
- Built in 1955; aluminum roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,895
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,900
$237.9K
Cap Rate 7%
$169,929
$169.9K
Cap Rate 9%
$132,167
$132.2K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$18.4K $9.72/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$17.0K $8.99/SF
− OpEx
−$5.1K −$2.70/SF
NOI
$11.9K $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%
$237,900
Cap Rate 7%
$169,929
Cap Rate 9%
$132,167
Alternative Uses
Best Use
Multifamily LT 5
$169.9K
$148.7K – $198.3K
NOI $11,895 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$151.0K
$132.1K – $176.2K
NOI $10,569 @ 7.0% cap · market cap 7.55%
Theoretical Best
Healthcare Medical
$304.5K
$266.4K – $355.2K
NOI $21,314 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
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Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
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 offer two bedrooms and one bathroom, with central air conditioning.
Where is this duplex located?
The property is located at 1427 Jo Ellen Circle Gulfport, MS.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one bathroom; 1,890 square feet on a 0.2‑acre lot; Built in 1955; aluminum roof
