Remodeled Duplex with
For Sale
$399,999
554556 554-556 Loposser Ave, Gulfport, MS 39507
Two updated units include low-maintenance flooring, fireplaces, and a bonus room in one residence.
Property Size3,375 SF
Price / SF$118.52
Days on Market85
Property Features for 554556 554-556 Loposser Ave
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Amenities
fireplace
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Blackwater Realty
Listed By:
Lisa K Harrier
(989) 620-4384
Source:
Fiorellaavenue
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 7 at 4:57PM
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 Blackwater Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1981, contains two 4-bedroom, 2-bath residences. Each unit includes a fireplace, while one residence also offers a bonus room for additional interior flexibility. Recent improvements include fresh paint and luxury vinyl plank flooring throughout, with no carpet in either unit.
The property is positioned directly across from Gulfport High School in Gulfport, Mississippi. Its two-unit layout supports separate household living within one property, while the substantial bedroom count and added bonus room provide useful space for residents. The combination of updated interior finishes, fireplaces, and a school-facing location defines the asset’s primary physical characteristics.
The property is positioned directly across from Gulfport High School in Gulfport, Mississippi. Its two-unit layout supports separate household living within one property, while the substantial bedroom count and added bonus room provide useful space for residents. The combination of updated interior finishes, fireplaces, and a school-facing location defines the asset’s primary physical characteristics.
Key Highlights
- Two 4‑bedroom, 2‑bath units
- 3,375 property size
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,241
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,820
$424.8K
Cap Rate 7%
$303,443
$303.4K
Cap Rate 9%
$236,011
$236.0K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$32.8K $9.72/SF
− Vacancy
−$2.5K −$0.73/SF
EGI
$30.3K $8.99/SF
− OpEx
−$9.1K −$2.70/SF
NOI
$21.2K $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%
$424,820
Cap Rate 7%
$303,443
Cap Rate 9%
$236,011
Alternative Uses
Best Use
Multifamily LT 5
$303.4K
$265.5K – $354.0K
NOI $21,241 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 4.72%
Theoretical Best
Healthcare Medical
$543.7K
$475.8K – $634.3K
NOI $38,060 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units include low-maintenance flooring, fireplaces, and a bonus room in one residence.
Where is this duplex located?
The property is located at 554556 554-556 Loposser Ave Gulfport, MS.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two 4‑bedroom, 2‑bath units; 3,375 property size; Built in 1981
