Duplex with Private Rear
For Sale
$219,000
Pending
3101 20th Avenue, Gulfport, MS 39501
DUPLEX - Gulfport, MS
Property Size2,296 SF
Lot Size0.22 Acres
Days on Market100
Property Features for 3101 20th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1
Security features
Security Lighting
Window features
Aluminum Frames
Patio and Porch features
Porch
Subdivision
Metes And Bounds
Lot features
City Lot, City Lot
Standard status
Pending
APN
0810n-01-011.000
Size
2,296 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S1/2 OF E1/2 OF LOT 44 & S1/2 OF LOTS 45 THRU 48 INC BLK 28 STANDARD LAND #2 SEC 33-7-11
Tax Annual Amount
2661
Legal Description
S1/2 OF E1/2 OF LOT 44 & S1/2 OF LOTS 45 THRU 48 INC BLK 28 STANDARD LAND #2 SEC 33-7-11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2013
Floors in Building
2
Flooring type
Tile - Ceramic, Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Damaris Royalty · License #S57621
(208) 519-2612
Added: May 4
Changed: Jul 24
Last Checked: Aug 11 at 7:06PM
MLS# 4148365
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 well-maintained duplex at 3101 20th Avenue includes two spacious units, each with 3 bedrooms and 2 bathrooms. Both units feature a functional open layout for everyday living and have their own front porch. The upstairs unit also has a cathedral-style ceiling that adds height and an open feel. For added separation and flexibility, the upper unit has a private rear entrance. A convenient parking pad supports on-site day-to-day access.
The property is located in Gulfport, Harrison County, and is described as being near the beach and downtown Gulfport, with access to area destinations along the Mississippi Gulf Coast.
This configuration can suit a range of buyers looking for an income-producing property with independent unit space. With separate front porch use and a private rear entrance to the upstairs unit, the layout may also appeal to owner-occupants seeking flexibility between units, as well as multi-generational living arrangements. The duplex form provides two separate living spaces under one roof, supported by a low-maintenance setup and on-site parking.
The property is located in Gulfport, Harrison County, and is described as being near the beach and downtown Gulfport, with access to area destinations along the Mississippi Gulf Coast.
This configuration can suit a range of buyers looking for an income-producing property with independent unit space. With separate front porch use and a private rear entrance to the upstairs unit, the layout may also appeal to owner-occupants seeking flexibility between units, as well as multi-generational living arrangements. The duplex form provides two separate living spaces under one roof, supported by a low-maintenance setup and on-site parking.
Key Highlights
- Income‑producing duplex built in 2013 with two separate units
- Each unit offers 3 bedrooms and 2 bathrooms
- Both units feature a front porch for outdoor relaxing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,000
$289.0K
Cap Rate 7%
$206,429
$206.4K
Cap Rate 9%
$160,556
$160.6K
Market Conditions
NOI Build-Up for 2,296 SF
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.
Gross rent
$22.3K $9.72/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$20.6K $8.99/SF
− OpEx
−$6.2K −$2.70/SF
NOI
$14.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,000
Cap Rate 7%
$206,429
Cap Rate 9%
$160,556
Alternative Uses
Best Use
Multifamily LT 5
$206.4K
$180.6K – $240.8K
NOI $14,450 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$183.4K
$160.5K – $214.0K
NOI $12,840 @ 7.0% cap · market cap 5.86%
Theoretical Best
Healthcare Medical
$369.9K
$323.7K – $431.5K
NOI $25,892 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex offering two 3-bedroom, 2-bath units with front porches and separate upper access.
Where is this duplex located?
The property is located at 3101 20th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Income‑producing duplex built in 2013 with two separate units; Each unit offers 3 bedrooms and 2 bathrooms; Both units feature a front porch for outdoor relaxing
