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211-Unit Garden Apartment Community

3624 Jody Nelson Drive, Gulfport, MS 39507

For Sale
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Renovated interiors include updated kitchens, stainless appliances, and new flooring across the residences.

Property SizeContact for details
Days on Market52

Property Features for 3624 Jody Nelson Drive

General Information

Standard status Active
Property subtype Multifamily
Occupancy 91%
Net Operating Income $1,285,804

Additional Details

Cap Rate 7.22%
Multifamily Units 211

Building Details

Year Renovated 2025
Construction brick garden community
Listing Agency: Molyneaux Group
Listed By: Doug Molyneaux, CCIM · License MS #21811
Source: Crexi
Added: Sep 22 Changed: Nov 9 Last Checked: Nov 12 at 7:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Molyneaux Group

Rey
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Investment Insights

Based on property information with market context.

This 211-unit brick garden apartment community in Gulfport comprises two phases: one dating to the 1960s and another built in 1970. Interior work completed in 2025 covered all residences, with kitchens, stainless appliances, and flooring updated throughout. The property is 91% occupied and has a 7.22% cap rate.

Located at 3624 Jody Nelson Drive, the community combines the two construction phases with a comprehensive round of interior improvements completed in 2025.

Key Highlights

  • 211 apartments in a brick garden‑style community
  • All 211 residences received interior renovations in 2025
  • Updated kitchens, stainless appliances, and flooring throughout

Property Analytics

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Lease Details

211
Residential units
91%
Occupancy

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

Demographics for 39507, MS

17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Gulfport, MS

$86.2 Jul
$107 Aug
$84.06 Sep
$85.75 Oct

Properties on Market for Apartment buildings in Gulfport

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated interiors include updated kitchens, stainless appliances, and new flooring across the residences.
Where is this apartment building located?
The property is located at 3624 Jody Nelson Drive Gulfport, MS.
What is the asking price?
The asking price for this property is $17,800,000.
What are key features of this property?
This property features: 211 apartments in a brick garden‑style community; All 211 residences received interior renovations in 2025; Updated kitchens, stainless appliances, and flooring throughout
(228) 273-1660 Call to check price and availability
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