Four-Unit Residential Income
1605 Fern Avenue Gulfport, MS 39501
For Sale
$210,000
MULTI_FAMILY - Gulfport, MS
Property Size2,181 SF
Lot Size0.25 Acres
Price / SF$96.29
Days on Market49
Property Features for 1605 Fern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Patio
Standard status
Active
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
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Flooring type
Carpet, Laminate
Roof type
Shingle
Listing Agency:
Keller Williams
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Jun 9
Changed: Jul 24
Last Checked: Jul 27 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes two 2-bedroom/1-bath units and two studio units. The studio units have utilities included, offering a simplified tenant setup compared to the larger apartments. The property is configured as a quadplex rental building, providing a diversified mix of unit types for rental income.
Located in Gulfport, Mississippi (Harrison County), the property is situated at 1605 Fern Avenue, Gulfport, MS 39501. Current stated rental rates are Unit A: $995/month (2BR/1BA), Unit B: $995/month (2BR/1BA), and Units C and D: $695/month each (studio units with all utilities included).
Located in Gulfport, Mississippi (Harrison County), the property is situated at 1605 Fern Avenue, Gulfport, MS 39501. Current stated rental rates are Unit A: $995/month (2BR/1BA), Unit B: $995/month (2BR/1BA), and Units C and D: $695/month each (studio units with all utilities included).
Key Highlights
- Four rental units: two 2BR/1BA units and two studio units
- Current rents: $995/month for Unit A and Unit B (2BR/1BA)
- Studio rents: $695/month for Unit C and Unit D, with all utilities included
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 | $21.2k | $9.72 |
| − Vacancy | −$1.6k | −$0.73 |
| EGI | $19.6k | $8.99 |
| − OpEx | −$5.9k | −$2.70 |
| NOI | $13.7k | $6.29 |
2,181 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units include two 2-bedroom/1-bath apartments and two studio units with utilities included for studios.
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 2BR/1BA units and two studio units; Current rents: $995/month for Unit A and Unit B (2BR/1BA); Studio rents: $695/month for Unit C and Unit D, with all utilities included
