Two-Unit
For Sale
$139,900
Pending
1429 Jo Ellen Circle, Gulfport, MS 39501
Two residential units each provide a two-bedroom, one-bath configuration for rental use.
Property Size1,000 SF
Days on Market48
Property Features for 1429 Jo Ellen Circle
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$900
Building Details
Year Built
1965
Listing Agency:
The Demoran Realty Group
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 8:20AM
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 The Demoran Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each offering two bedrooms and one bathroom. The property has a stated size of 1,000 and was built in 1965. Public information also notes an established rental history across both units.
Located at 1429 Jo Ellen Circle in Gulfport, Mississippi, the property is positioned as a residential income asset with two separate unit configurations. Its duplex format provides a straightforward option for buyers seeking a small multifamily property.
Located at 1429 Jo Ellen Circle in Gulfport, Mississippi, the property is positioned as a residential income asset with two separate unit configurations. Its duplex format provides a straightforward option for buyers seeking a small multifamily property.
Key Highlights
- Two residential units within a duplex configuration
- Each unit includes 2 bedrooms and 1 bathroom
- Property size listed as 1,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,294
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,880
$125.9K
Cap Rate 7%
$89,914
$89.9K
Cap Rate 9%
$69,933
$69.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$9.7K $9.72/SF
− Vacancy
−$729 −$0.73/SF
EGI
$9.0K $8.99/SF
− OpEx
−$2.7K −$2.70/SF
NOI
$6.3K $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%
$125,880
Cap Rate 7%
$89,914
Cap Rate 9%
$69,933
Alternative Uses
Best Use
Multifamily LT 5
$89.9K
$78.7K – $104.9K
NOI $6,294 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$79.9K
$69.9K – $93.2K
NOI $5,592 @ 7.0% cap · market cap 4.00%
Theoretical Best
Healthcare Medical
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each provide a two-bedroom, one-bath configuration for rental use.
Where is this duplex located?
The property is located at 1429 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 residential units within a duplex configuration; Each unit includes 2 bedrooms and 1 bathroom; Property size listed as 1,000
