Duplex Under
For Sale
$260,000
14917 Masterson Avenue, Vancleave, MS 39565
Two three-bedroom, two-bath units provide a defined residential income configuration with public sewer and central air.
Property Size2,100 SF
Price / SF$123.81
Days on Market162
Property Features for 14917 Masterson Avenue
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,275
Amenities
Public Sewer
Two
Central Air, Electric
Central, Electric
Tile, Vinyl
Public
4
6
4.00
Metal
Lighting
Slab
Siding, Other
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Epique
(601) 382-2201
Listed By:
Justin Britt · License #S52358
(601) 382-2201
Source:
Compass
Added: Mar 23
Changed: Aug 29
Last Checked: Aug 31 at 12:04AM
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 Epique
Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex at 14917 Masterson Avenue includes two units, each with three bedrooms and two baths. The property was built in 2008 and is currently undergoing renovation, with completion planned for this summer. Both units are vacant, and leasing efforts are underway following the renovation work.
Building features include public sewer, central air, electric service, tile and vinyl flooring, a slab foundation, and siding with metal elements. The duplex is located north of the interstate and outside the flood zones identified in the property remarks.
The duplex may be purchased individually, as part of a partial group, or within the referenced 11-duplex bundle. The additional properties are identified by MLS numbers in the listing information.
Building features include public sewer, central air, electric service, tile and vinyl flooring, a slab foundation, and siding with metal elements. The duplex is located north of the interstate and outside the flood zones identified in the property remarks.
The duplex may be purchased individually, as part of a partial group, or within the referenced 11-duplex bundle. The additional properties are identified by MLS numbers in the listing information.
Key Highlights
- 2,100‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 2 baths
- Currently undergoing renovation with completion planned for this summer
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
$14,552
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
5.60%
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%
$291,040
$291.0K
Cap Rate 7%
$207,886
$207.9K
Cap Rate 9%
$161,689
$161.7K
Market Conditions
NOI Build-Up for 2,100 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
$22.4K $10.68/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$20.8K $9.90/SF
− OpEx
−$6.2K −$2.97/SF
NOI
$14.6K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /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%
$291,040
Cap Rate 7%
$207,886
Cap Rate 9%
$161,689
Alternative Uses
Best Use
Multifamily LT 5
$207.9K
$181.9K – $242.5K
NOI $14,552 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$180.9K
$158.3K – $211.1K
NOI $12,665 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$573.7K
$502.0K – $669.3K
NOI $40,159 @ 7.0% cap · market cap 15.45%
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
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 39565, MS
19,972
Population
7,732
Households
2.6
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
274.6 sq mi
ZIP Area
73
Density / Sq Mi
$87,417
Median Household Income
$44,045
Median Earnings
$1,112
Median Rent
$204,500
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 - Two three-bedroom, two-bath units provide a defined residential income configuration with public sewer and central air.
Where is this duplex located?
The property is located at 14917 Masterson Avenue Vancleave, MS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 2 baths; Currently undergoing renovation with completion planned for this summer
