Duplex with Three-Bedroom
For Sale
$260,000
14921 Masterson Ave, Vancleave, MS 39565
Vacant units are undergoing renovation, with completion planned for this summer.
Property Size2,100 SF
Price / SF$123.81
Days on Market78
Property Features for 14921 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: Aug 2
Changed: Oct 14
Last Checked: Oct 16 at 9:44AM
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
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Investment Insights
Based on property information with market context.
Located at 14921 Masterson Ave in Vancleave, Mississippi, this duplex contains units with three bedrooms and two bathrooms each. The 2,100-square-foot property was built in 2008 and is currently vacant while renovation work is underway, with completion planned for this summer.
The duplex is positioned north of the interstate and outside the flood zones identified in the property information. It is offered individually, as part of a partial grouping, or within an 11-duplex bundle, providing flexibility for buyers assembling a multifamily portfolio. Leasing efforts are expected to begin after renovations are completed.
The duplex is positioned north of the interstate and outside the flood zones identified in the property information. It is offered individually, as part of a partial grouping, or within an 11-duplex bundle, providing flexibility for buyers assembling a multifamily portfolio. Leasing efforts are expected to begin after renovations are completed.
Key Highlights
- Each unit includes 3 bedrooms and 2 baths
- 2,100 SF duplex built in 2008
- Renovation underway with completion planned for this summer
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
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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 - Vacant units are undergoing renovation, with completion planned for this summer.
Where is this duplex located?
The property is located at 14921 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: Each unit includes 3 bedrooms and 2 baths; 2,100 SF duplex built in 2008; Renovation underway with completion planned for this summer
