Income-Generating
3305 Spruce Street Pascagoula, MS 39581
3305 Spruce Street, Pascagoula, MS, 39581
$225,000
Pending
For Sale
$225,000
Pending
MULTI_FAMILY - Pascagoula, MS
Property Size3,024 SF
Lot Size0.15 Acres
Days on Market50
Property Features for 3305 Spruce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bathroom 8, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 9, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 10, Bathroom 3, Bedroom 1, Bedroom 8, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 7, Bedroom 5
- Standard status
- Pending
- APN
- 4-02-30-088.000
- Size
- 3,024 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COM AT NEC LOT 8 A D KREBS S/D S 135.59' TO POB S 60.8' W 107.36' N 60.8' E 107.36' TO POBPT LOT 8 A D KREBS S/D DB 1930-838 (274 MAP853.07-02) 'MARK V APTS 4 UNITS'
- Tax Annual Amount
- 2297
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate
- Roof type
- Shingle
Listing Agency
Coldwell Banker Smith Home Rltrs-Gautier
(228) 497-1800
2000 Hwy 90, Gautier, MS
Listed by
Mike M Wixon · License #S25663
(228) 327-0388
Added: Jun 1 Checked: Jul 20 at 10:06 am
MLS# 4151266
Listing URL
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 income-producing 4-plex in Pascagoula offers four separate residential units with practical, repeatable layouts. Units 1 and 4 are on the downstairs level, while units 2 and 3 are upstairs. Each unit includes a living room that opens to a separate dining area, along with a galley-style kitchen. Bedrooms are described as roomy in each unit. The upstairs units are accessed via doorways that close off the stairs from the outside, creating added privacy for the residents on that level.
The property is located off Old Mobile Hwy in Pascagoula, MS. The lot size is listed as 0.15 acres, and the total property size is 3,024 square feet.
For buyers seeking a multi-unit arrangement, the layout supports an owner-occupant model: live in one unit and rent the other three. The separation created by the stair access for upstairs units may be attractive to tenants who prefer clearer privacy boundaries within a shared building.
The property is located off Old Mobile Hwy in Pascagoula, MS. The lot size is listed as 0.15 acres, and the total property size is 3,024 square feet.
For buyers seeking a multi-unit arrangement, the layout supports an owner-occupant model: live in one unit and rent the other three. The separation created by the stair access for upstairs units may be attractive to tenants who prefer clearer privacy boundaries within a shared building.
Key Highlights
- Income‑producing 4‑plex in Pascagoula off Old Mobile Hwy
- Year built 1971; laminate flooring; shingle roof
- Public water and public sewer connected
Local Financial Insights For Apartment 5plus
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 | $35.9k | $11.88 |
| − Vacancy | −$2.8k | −$0.91 |
| EGI | $33.2k | $10.97 |
| − OpEx | −$14.9k | −$4.93 |
| NOI | $18.2k | $6.03 |
3,024 SF · lease $11.88/SF/yr · vacancy 7.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$260.5K
$228.0K – $304.0K
NOI $18,237 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$826.1K
$722.9K – $963.8K
NOI $57,829 @ 7.0% cap · market cap 25.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Owner-occupy one unit while three units remain rented in a four-plex designed with privacy between levels.
Where is this quadplex located?
The property is located at 3305 Spruce Street Pascagoula, MS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Income‑producing 4‑plex in Pascagoula off Old Mobile Hwy; Year built 1971; laminate flooring; shingle roof; Public water and public sewer connected
