Beach-Access
New
For Sale
$374,900
1457 Georgia Place, Gulfport, MS 39507
Residential, Gulfport, MS
Property Size2,267 SF
Lot Size0.22 Acres
Price / SF$165.37
Days on Market2
Property Features for 1457 Georgia Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
4
Security features
Security System
Window features
Blinds, Double Pane Windows, Window Treatments, Storm Window(s), Shutters, Insulated Windows
Patio and Porch features
Porch
Accessibility
Accessible Elevator Installed
Subdivision
Georgia Place
Lot features
Cul-De-Sac, Views, Sprinklers In Front, Near Beach, Cul-De-Sac, Views, Sprinklers In Front, Near Beach
Elementary school
Anniston Ave
Middle school
Bayou View Jh
High school
Gulfport
Elementary school district
Gulfport Dist
Middle school district
Gulfport Dist
High school district
Gulfport Dist
Standard status
Active
APN
1010n-04-019.003
Size
2,267 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 GEORGIA PLACE SUBD
Tax Annual Amount
938
Legal Description
LOT 4 GEORGIA PLACE SUBD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Water front features
Beach Access
Amenities
hurricane shutters
on-demand water heater
irrigation system
storage building
Building Details
Year built
2007
Floors in Building
2
Flooring type
Vinyl, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier · Coldwell Banker Real Estate
(228) 497-1800
Listed By:
Betty Cobb · License #B12937
(228) 990-7436
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 10:06PM
MLS# 4160034
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.
Investment Insights
Based on property information with market context.
This 2,267-square-foot duplex in Gulfport was built in 2007 on a 0.22-acre lot. The upper residence includes three bedrooms, two bathrooms, and an elevator, while the lower apartment has one bedroom, one bathroom, a full kitchen, laundry equipment, and a private entrance. Ceramic tile and vinyl flooring are used throughout the property.
Located one block from the beach, the home includes beach access along with a porch, double garage, storage building, hurricane shutters, an on-demand water heater, and a Rain Bird irrigation system. Insulated Concrete Form construction, a shingle roof, public water, and public sewer are also in place. The layout is suited to extended-family living, a personal coastal retreat, or short-term rental use as described in the property information.
Located one block from the beach, the home includes beach access along with a porch, double garage, storage building, hurricane shutters, an on-demand water heater, and a Rain Bird irrigation system. Insulated Concrete Form construction, a shingle roof, public water, and public sewer are also in place. The layout is suited to extended-family living, a personal coastal retreat, or short-term rental use as described in the property information.
Key Highlights
- 2,267‑square‑foot duplex on a 0.22‑acre lot
- Built in 2007 with Insulated Concrete Form construction
- Upper residence has 3 bedrooms, 2 bathrooms, and an elevator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,360
$285.4K
Cap Rate 7%
$203,829
$203.8K
Cap Rate 9%
$158,533
$158.5K
Market Conditions
NOI Build-Up for 2,267 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $9.72/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$20.4K $8.99/SF
− OpEx
−$6.1K −$2.70/SF
NOI
$14.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,360
Cap Rate 7%
$203,829
Cap Rate 9%
$158,533
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,268 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,678 @ 7.0% cap · market cap 3.38%
Theoretical Best
Healthcare Medical
$365.2K
$319.6K – $426.1K
NOI $25,565 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences provide distinct living spaces with flexible occupancy options.
Where is this duplex located?
The property is located at 1457 Georgia Place Gulfport, MS.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,267‑square‑foot duplex on a 0.22‑acre lot; Built in 2007 with Insulated Concrete Form construction; Upper residence has 3 bedrooms, 2 bathrooms, and an elevator
