Renovated Duplex in Growing
14919 Masterson Avenue Vancleave, MS 39565
14919 Masterson Avenue, Vancleave, MS, 39565
$260,000
For Sale
$260,000
Under renovation, 3 bed, 2 bath units, great investment.
Property Size2,100 SF
Price / SF$123.81
Days on Market216
Property Features for 14919 Masterson Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing agency
Epique
(601) 382-2201
Listed by
Justin Britt · License #S52358
(601) 382-2201
Source
Compass
Added: Dec 17, 2025 Updated: Jul 10 at 12:17PM Checked: Jul 21 at 6:39AM
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 duplex is being sold as part of an 11 duplex bundle. The other duplexes are listed under MLS numbers: 4143635, 4143636, 4143637, 4143638, 4143639, 4143640, 4143641, 4143634, 4143643, and 4143644. These duplexes can be purchased individually, as an entire bundle, or in partial bundles. Each duplex, with a property size of 2100 square feet, is currently under renovation and is expected to be fully completed this summer. Each unit features 3 bedrooms and 2 baths. The duplexes are currently vacant, and the property manager is working towards leasing them out upon the renovations being completed. This presents a great opportunity to build a portfolio in a growing area of Jackson County, located north of the interstate and away from flood zones. For an idea of how the interior will be on each of the units once completed, please view the interior photos for MLS number 4143643, which represents 14921 Masterson Avenue.
Key Highlights
- Part of an 11 duplex bundle, offering portfolio building potential.
- Can be purchased individually, as an entire bundle, or in partial bundles.
- Each unit features 3 bedrooms and 2 baths.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.4k | $10.68 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $20.8k | $9.90 |
| − OpEx | −$6.2k | −$2.97 |
| NOI | $14.6k | $6.93 |
2,100 SF · lease $10.68/SF/yr · vacancy 7.31% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Under renovation, 3 bed, 2 bath units, great investment.
Where is this duplex located?
The property is located at 14919 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: Part of an 11 duplex bundle, offering portfolio building potential.; Can be purchased individually, as an entire bundle, or in partial bundles.; **Each unit features 3 bedrooms and 2 baths.**
