Income Duplex with Separate
522 East Railroad Street Gulfport, MS 39507
For Sale
$115,000
Duplex with two 1-bedroom, 1-bath units, each with its own separate entrance on four lots.
Property Size1,398 SF
Price / SF$82.26
Days on Market97
Property Features for 522 East Railroad Street
General Information
Standard status
Active
Size
1,398 SF
Property subtype
Multi Family
Building Details
Year Built
1965
Listing Agency:
RE/MAX Results In Real Estate, Inc.
(601) 463-1085
Listed By:
Tracy L Johnson · License #S51172
(601) 463-1085
Source:
Compass
Added: Apr 22
Changed: Jul 21
Last Checked: Jul 27 at 12:30PM
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 RE/MAX Results In Real Estate, Inc.
Investment Insights
Based on property information with market context.
This income duplex features two separate units, with each offering 1 bedroom and 1 bathroom. The units have separate entrances, creating straightforward day-to-day independence between the living spaces. The property is situated on four lots, and while it may benefit from updates and improvements, it offers an investor-friendly rental setup.
The property is located at 522 East Railroad Street in Gulfport, near downtown Gulfport and Highway 90, for convenient access to local amenities and major routes. The offering is presented as a duplex for sale with income-focused considerations.
The property is located at 522 East Railroad Street in Gulfport, near downtown Gulfport and Highway 90, for convenient access to local amenities and major routes. The offering is presented as a duplex for sale with income-focused considerations.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units (2 total bedrooms, 2 total bathrooms).
- Each unit has a separate entrance and includes central cooling and central heating.
- Served by public water and public sewer; foundation is slab.
Financial Insights For Multifamily LT 5
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 | $13.6k | $9.72 |
| − Vacancy | −$1.0k | −$0.73 |
| EGI | $12.6k | $8.99 |
| − OpEx | −$3.8k | −$2.70 |
| NOI | $8.8k | $6.29 |
1,398 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$125.7K
$110.0K – $146.7K
NOI $8,799 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$111.7K
$97.7K – $130.3K
NOI $7,818 @ 7.0% cap · market cap 6.80%
Theoretical Best
Healthcare Medical
$225.2K
$197.1K – $262.8K
NOI $15,765 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 1-bedroom, 1-bath units, each with its own separate entrance on four lots.
Where is this duplex located?
The property is located at 522 East Railroad Street Gulfport, MS.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units (2 total bedrooms, 2 total bathrooms).; Each unit has a separate entrance and includes central cooling and central heating.; Served by public water and public sewer; foundation is slab.
