4-Unit
For Sale
$210,000
Pending
1605 Fern Avenue, Gulfport, MS 39501
Residential, Gulfport, MS
Property Size2,181 SF
Lot Size0.25 Acres
Days on Market140
Property Features for 1605 Fern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 3
Patio and Porch features
Patio
Appliances
Cooktop
Subdivision
Gulf Gardens
High school
Gulfport
Elementary school district
Gulfport Dist
Middle school district
Gulfport Dist
High school district
Gulfport Dist
Standard status
Pending
APN
0711h-03-016.000
Size
2,181 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 12 TO 15 BLK 9 GULF GARDENS
Tax Annual Amount
1900
Legal Description
LOTS 12 TO 15 BLK 9 GULF GARDENS
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Electric
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Flooring type
Laminate, Carpet
Roof type
Shingle
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Jun 9
Changed: Oct 18
Last Checked: Oct 26 at 7:06AM
MLS# 4152136
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains two 2-bedroom, 1-bath apartments and two studio units. The studios include utilities. The building was constructed in 1945 and measures 2,181 square feet on a 0.25-acre lot.
Interior and building features include laminate and carpet flooring, a cooktop, heat-pump heating and cooling, a patio, and a shingle roof. Public water and public sewer serve the property.
Interior and building features include laminate and carpet flooring, a cooktop, heat-pump heating and cooling, a patio, and a shingle roof. Public water and public sewer serve the property.
Key Highlights
- Four rental units: two 2‑bedroom/1‑bath apartments and two studios
- 2,181‑square‑foot building on a 0.25‑acre lot
- Utilities included with both studio units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,727
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,540
$274.5K
Cap Rate 7%
$196,100
$196.1K
Cap Rate 9%
$152,522
$152.5K
Market Conditions
NOI Build-Up for 2,181 SF
Gross rent
$21.2K $9.72/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$19.6K $8.99/SF
− OpEx
−$5.9K −$2.70/SF
NOI
$13.7K $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%
$274,540
Cap Rate 7%
$196,100
Cap Rate 9%
$152,522
Alternative Uses
Best Use
Multifamily LT 5
$196.1K
$171.6K – $228.8K
NOI $13,727 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$174.2K
$152.5K – $203.3K
NOI $12,197 @ 7.0% cap · market cap 5.81%
Theoretical Best
Healthcare Medical
$351.4K
$307.4K – $409.9K
NOI $24,595 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
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Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix pairs two-bedroom apartments with studios, where utilities are included.
Where is this quadplex located?
The property is located at 1605 Fern Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Four rental units: two 2‑bedroom/1‑bath apartments and two studios; 2,181‑square‑foot building on a 0.25‑acre lot; Utilities included with both studio units
