Building Details

Year Built 2006

Listed By: Terry Show Phone

Added: Nov 11, 2025 Changed: Sep 10

Report an Issue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,001

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$120,020 $120.0K

Cap Rate 7%

$85,729 $85.7K

Cap Rate 9%

$66,678 $66.7K

Market Conditions

NOI Build-Up for 1,073 SF

Gross rent

$11.8K $11.04/SF

− Vacancy

−$936 −$0.87/SF

EGI

$10.9K $10.17/SF

− OpEx

−$4.9K −$4.58/SF

NOI

$6.0K $5.59/SF

Area

Harrison County, MS

Vacancy

7.90%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$120,020

Cap Rate 7%

$85,729

Cap Rate 9%

$66,678

Alternative Uses

Best Use

Apartment 5plus

$85.7K

$75.0K – $100.0K (±1% cap)

NOI $6,001 @ 7.0% cap · market cap 7.41%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$172.9K

$151.3K – $201.7K (±1% cap)

NOI $12,100 @ 7.0% cap · market cap 14.94%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Grocery & Convenience Store Big Box & Wholesale Store Furniture & Home Goods Computer & Electronic Repair (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

563

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Vacant Two-Unit Duplex

2013 32nd Avenue, Gulfport, MS 39501

$81,000

1,000 SF

View details

Two-Unit Duplex with Separate Entrances

522 E Railroad St, Gulfport, MS 39507

$105,000

1,398 SF

View details

2-Unit Duplex

5810 30th St, Gulfport, MS 39501

$94,000

1,894 SF

View details

Triplex with Utility-Inclusive Leases

1239 37th Avenue, Gulfport, MS 39501

$165,000

1,440 SF

View details

Triplex Fixer-Upper

2405 23rd Street, Gulfport, MS 39501

$99,000

2,090 SF

View details

Duplex with Attached Suite

1000 27th Street, Gulfport, MS 39501

$262,500

1,793 SF

View details

T6 Mixed-Use Property

2517 21st Ave, Gulfport, MS 39507

$50,000

2,450 SF

View details

Vacant Duplex with Carport

930 Parkview Pl, Gulfport, MS 39507

$178,200

2,073 SF

View details

Duplex with Fenced Yards

16255 Rio Grande Street, Gulfport, MS 39501

$230,000

1,908 SF

View details

Three-Bedroom Duplex with Rental Income

903 Parkview Place lot: A & B, Gulfport, MS 39507

$178,200

2,142 SF

View details

Updated Two-Unit Duplex

12002 Highland Avenue, Gulfport, MS 39503

$199,900

2,095 SF

View details

Renovated Duplex with Balcony

12206 Prudie Street, Gulfport, MS 39503

$199,900

2,095 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - The residence offers two full bathrooms, public utilities, and a shingle roof installed more recently than the original.

Where is this multifamily property located?

The property is located at 2015 32Nd Ave Gulfport, MS.

What is the asking price?

The asking price for this property is $81,000.