Duplex with Three-Bedroom
For Sale
$260,000
14919 Masterson Ave, Vancleave, MS 39565
Each unit provides three bedrooms and two baths, with renovations currently underway.
Property Size2,100 SF
Price / SF$123.81
Days on Market86
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Property Features for 14919 Masterson Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Epique
Listed By:
Justin Britt · License #S52358
(601) 382-2201
Source:
Fiorellaavenue
Added: Jul 22
Changed: Oct 3
Last Checked: Oct 15 at 1:28AM
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.
Built in 2008, this duplex at 14919 Masterson Ave includes two residential units, each configured with three bedrooms and two baths. Both units are vacant and undergoing renovation, with completion planned for this summer. Leasing efforts are expected to begin after the work is finished.
The property is offered individually, as part of a partial group, or within an 11-duplex bundle. The asset is located north of the interstate and away from flood zones, providing a defined geographic position within Jackson County. Its unit count, bedroom-and-bath layout, and renovation status are established for buyers evaluating a single property or a larger group acquisition.
The property is offered individually, as part of a partial group, or within an 11-duplex bundle. The asset is located north of the interstate and away from flood zones, providing a defined geographic position within Jackson County. Its unit count, bedroom-and-bath layout, and renovation status are established for buyers evaluating a single property or a larger group acquisition.
Key Highlights
- Two units, each with 3 bedrooms and 2 baths
- Currently under renovation with completion planned for this summer
- Both units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,552
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit provides three bedrooms and two baths, with renovations currently underway.
Where is this duplex located?
The property is located at 14919 Masterson Ave 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: Two units, each with 3 bedrooms and 2 baths; Currently under renovation with completion planned for this summer; Both units are currently vacant
