Two-Unit Duplex with
For Sale
$374,900
1457 Georgia Place, Gulfport, MS 39507
Residential Income, Gulfport, MS
Property Size2,267 SF
Lot Size0.22 Acres
Price / SF$165.37
Days on Market52
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
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking
4
Parking features
Garage, Driveway, Open
Security features
Security System
Window features
Blinds, Shutters, Insulated Windows, Double Pane Windows, Window Treatments, Storm Window(s)
Patio and Porch features
Porch
Exterior features
Elevator, Private Yard
Accessibility
Accessible Elevator Installed
Appliances
Range, Microwave, Refrigerator, Dishwasher, Electric Oven, Oven, Range Hood, Stainless Steel Appliance(s), Tankless Water Heater, Washer/Dryer, Electric Cooktop
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
Directions
From Hwy 90, North on Cowan Rd, Right on Georgia Place.
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
Legal Description
LOT 4 GEORGIA PLACE SUBD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Water front features
Beach Access
Amenities
hurricane shutters
on-demand water heater
Rain Bird irrigation system
storage building
Building Details
Year built
2007
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Roof type
Shingle
Additional Structures
Storage
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 25
Changed: Oct 8
Last Checked: Oct 15 at 10:06AM
MLS# 4160649
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.
Built in 2007, this two-unit duplex contains 2,267 square feet on a 0.22-acre lot. The upper residence has three bedrooms and two bathrooms, with elevator access. A separate lower apartment includes one bedroom, one bathroom, a full kitchen, and its own entrance. Insulated concrete form construction, hurricane shutters, a tankless water heater, and a double garage are among the property’s features. A storage building and irrigation system are also on site.
The property is one block from the beach and has beach access. It is in Flood Zone X. Public water and sewer serve the property, and cable is available. The distinct living areas offer separate space for household members or guests, with the lower apartment also identified for potential rental use.
The property is one block from the beach and has beach access. It is in Flood Zone X. Public water and sewer serve the property, and cable is available. The distinct living areas offer separate space for household members or guests, with the lower apartment also identified for potential rental use.
Key Highlights
- 2,267‑square‑foot duplex on a 0.22‑acre lot
- Upper residence has 3 bedrooms and 2 bathrooms
- Separate lower apartment offers 1 bedroom, 1 bathroom, full kitchen, and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,268
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide a three-bedroom home and a self-contained one-bedroom apartment near the Gulf Coast beach.
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; Upper residence has 3 bedrooms and 2 bathrooms; Separate lower apartment offers 1 bedroom, 1 bathroom, full kitchen, and private entrance
