Two-Unit
For Sale
$139,900
Pending
1429 Jo Ellen Circle, Gulfport, MS 39501
Residential, Gulfport, MS
Property Size1,000 SF
Lot Size0.22 Acres
Days on Market50
Property Features for 1429 Jo Ellen Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4
Parking features
On Street
Appliances
Cooktop, Refrigerator
Subdivision
Owen Place
Elementary school district
Gulfport Dist
Middle school district
Gulfport Dist
High school district
Gulfport Dist
Standard status
Pending
APN
0711k-04-037.000
Size
1,000 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1429 OWEN HOMES SUBD PHASE 2
Tax Annual Amount
1181
Legal Description
LOT 1429 OWEN HOMES SUBD PHASE 2
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Flooring type
Vinyl, Tile
Roof type
Shingle
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# 4161853
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 1965 duplex contains two residences, each configured with two bedrooms and one bathroom. The property is reported at 1,000 square feet on a 0.22-acre lot. Tile and vinyl flooring, heat-pump heating, and central electric cooling serve the building; the roof is shingle. Cooktops and refrigerators are included.
Public water and sewer serve the property, and parking is on street. The listed rental amount and other pricing details are excluded from this summary.
Public water and sewer serve the property, and parking is on street. The listed rental amount and other pricing details are excluded from this summary.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Reported building size: 1,000 square feet
- 0.22‑acre lot
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
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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 - Two separate two-bedroom residences are equipped with cooktops and refrigerators.
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 units, each with 2 bedrooms and 1 bathroom; Reported building size: 1,000 square feet; 0.22‑acre lot
