Duplex With Fenced
For Sale
$230,000
16255 Rio Grande St, Gulfport, MS 39501
Two-unit property with one occupied residence and a second unit available for occupancy or owner use.
Property Size1,908 SF
Price / SF$120.55
Days on Market60
Property Features for 16255 Rio Grande St
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
2001
Listing Agency:
Coastal Realty Group
Listed By:
Cecilia N Patricks · License #S50131
(228) 669-6280
Source:
Propertiesnorthms
Added: Aug 9
Changed: Oct 1
Last Checked: Oct 5 at 6:59PM
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 Coastal Realty Group
Investment Insights
Based on property information with market context.
Built in 2001, this 1,908-square-foot duplex includes two separate residential units, providing a flexible configuration for rental or combined owner occupancy. One unit is occupied, while the other is vacant and available for a new tenant or resident. Each unit has its own fenced backyard, adding private outdoor space to both residences.
The property sits on a quiet dead-end street at 16255 Rio Grande St in Gulfport, MS 39501. Its two-unit layout, individual outdoor areas, and partially vacant configuration support multiple occupancy arrangements without relying on a single household setup.
The property sits on a quiet dead-end street at 16255 Rio Grande St in Gulfport, MS 39501. Its two-unit layout, individual outdoor areas, and partially vacant configuration support multiple occupancy arrangements without relying on a single household setup.
Key Highlights
- Two‑unit duplex totaling 1,908 square feet
- Built in 2001
- One unit occupied and one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,008
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,160
$240.2K
Cap Rate 7%
$171,543
$171.5K
Cap Rate 9%
$133,422
$133.4K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$18.5K $9.72/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$17.2K $8.99/SF
− OpEx
−$5.1K −$2.70/SF
NOI
$12.0K $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%
$240,160
Cap Rate 7%
$171,543
Cap Rate 9%
$133,422
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.1K – $200.1K
NOI $12,008 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$152.4K
$133.4K – $177.8K
NOI $10,670 @ 7.0% cap · market cap 4.64%
Theoretical Best
Healthcare Medical
$307.4K
$269.0K – $358.6K
NOI $21,517 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied residence and a second unit available for occupancy or owner use.
Where is this duplex located?
The property is located at 16255 Rio Grande St Gulfport, MS.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,908 square feet; Built in 2001; One unit occupied and one unit vacant
