Duplex with Fenced
16255 Rio Grande Street, Gulfport, MS 39501
For Sale
$230,000
Residential Income, Gulfport, MS
Property Size1,908 SF
Lot Size0.22 Acres
Price / SF$120.55
Days on Market94
Property Features for 16255 Rio Grande Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Cecilia N Patricks · License MS S50131
(228) 669-6280
Added: Aug 9
Changed: Oct 29
Last Checked: Nov 10 at 7:06PM
MLS# 4158641
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.
Built in 2001, this 1,908-square-foot duplex contains two residences on a 0.22-acre parcel. Each unit has its own fenced backyard, and the building is served by central heating and air conditioning. A driveway provides on-site parking.
One unit is occupied, while the other is vacant. The property has public water and sewer service, with cable available.
One unit is occupied, while the other is vacant. The property has public water and sewer service, with cable available.
Key Highlights
- Two‑unit duplex with 1,908 square feet on a 0.22‑acre lot
- One residence is occupied; the other is vacant
- Each unit has a separate fenced backyard
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
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
$115,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Gulfport, MS
Properties on Market for Duplexes in Gulfport
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate enclosed outdoor areas; one is vacant and the other is occupied.
Where is this duplex located?
The property is located at 16255 Rio Grande Street 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 with 1,908 square feet on a 0.22‑acre lot; One residence is occupied; the other is vacant; Each unit has a separate fenced backyard
