4-Unit Brick
New
For Sale
$340,000
3403 54th Avenue, Gulfport, MS 39501
Residential Income, Gulfport, MS
Property Size3,073 SF
Lot Size0.31 Acres
Price / SF$110.64
Days on Market4
Property Features for 3403 54th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4
Parking features
Parking Lot
Patio and Porch features
Patio
Appliances
Microwave, Refrigerator, Electric Oven, Electric Range, Electric Water Heater, Water Heater
Subdivision
New Pinehurst
Lot features
Interior Lot, Interior Lot
Standard status
Active
APN
0710k-01-037.001
Size
3,073 SF
Lot size
0.31 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 17 NEW PINEHURST SUBD UNIT 2
Tax Annual Amount
1239
Legal Description
LOTS 17 NEW PINEHURST SUBD UNIT 2
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
private patio
laundry room
paved parking
Building Details
Year built
1985
Floors in Building
1
Number of units
4
Flooring type
Tile
Roof type
Shingle
Buildings
1
Listing Agency:
Veterans Realty
(228) 864-3444
Listed By:
Mallory S Simpson · License #B24663
(228) 297-3374
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 3:06PM
MLS# 4167527
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.
This 3,073-square-foot brick quadplex, built in 1985, contains four residences, each arranged with two bedrooms, one bathroom, an open kitchen and living area, a private patio, and a separate laundry room. Two units are leased and two are vacant. Paved parking serves the property, which occupies 0.31 acres. Public water and sewer are available; tenants pay their own utilities, while the owner handles water and lawn care.
The property is in Gulfport, near the Seabee base. Tile flooring, central electric heating and cooling, and shingle roofing are among the building features.
The property is in Gulfport, near the Seabee base. Tile flooring, central electric heating and cooling, and shingle roofing are among the building features.
Key Highlights
- Four‑unit brick property with 3,073 square feet on 0.31 acres
- Two units are leased; two are vacant
- Each residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,341
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,820
$386.8K
Cap Rate 7%
$276,300
$276.3K
Cap Rate 9%
$214,900
$214.9K
Market Conditions
NOI Build-Up for 3,073 SF
Gross rent
$29.9K $9.72/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$27.6K $8.99/SF
− OpEx
−$8.3K −$2.70/SF
NOI
$19.3K $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%
$386,820
Cap Rate 7%
$276,300
Cap Rate 9%
$214,900
Alternative Uses
Best Use
Multifamily LT 5
$276.3K
$241.8K – $322.4K
NOI $19,341 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 5.05%
Theoretical Best
Healthcare Medical
$495.1K
$433.2K – $577.6K
NOI $34,654 @ 7.0% cap · market cap 10.19%
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
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
24
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences combine private patios, individual laundry rooms, and paved parking.
Where is this quadplex located?
The property is located at 3403 54th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Four‑unit brick property with 3,073 square feet on 0.31 acres; Two units are leased; two are vacant; Each residence has 2 bedrooms and 1 bathroom
