Four-Unit
For Sale
$164,000
6418 Walnut Street, Moss Point, MS 39563
Four one-bedroom, one-bath units are offered in as-is condition.
Property Size2,025 SF
Days on Market176
Property Features for 6418 Walnut Street
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,025 SF
Year Built
1972
Stories
2
Units
4
Listing Agency:
Rovira Team Realty, LLC
(228) 205-3844
Listed By:
Lazaro J Rovira · License #B20959
(228) 205-3844
Source:
Jdanielrealtysells
Added: Mar 9
Changed: Aug 28
Last Checked: Aug 29 at 10:21AM
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 Rovira Team Realty, LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,025 square feet and was constructed in 1972. Each residence is configured with one bedroom and one bathroom, providing a consistent unit layout across the property.
The quadplex is located at 6418 Walnut St in Moss Point, Mississippi. The property is offered in as-is condition, allowing purchasers to evaluate the existing improvements and unit configuration as presented.
The quadplex is located at 6418 Walnut St in Moss Point, Mississippi. The property is offered in as-is condition, allowing purchasers to evaluate the existing improvements and unit configuration as presented.
Key Highlights
- Four‑unit quadplex
- All units offer 1 bedroom and 1 bathroom
- 2,025 square feet of property area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,640
$280.6K
Cap Rate 7%
$200,457
$200.5K
Cap Rate 9%
$155,911
$155.9K
Market Conditions
NOI Build-Up for 2,025 SF
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.
Gross rent
$21.6K $10.68/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$20.0K $9.90/SF
− OpEx
−$6.0K −$2.97/SF
NOI
$14.0K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,640
Cap Rate 7%
$200,457
Cap Rate 9%
$155,911
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.4K – $233.9K
NOI $14,032 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$174.5K
$152.7K – $203.6K
NOI $12,213 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$553.2K
$484.1K – $645.4K
NOI $38,724 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 39563, MS
12,300
Population
5,717
Households
2.2
Avg Household Size
47
Median Age
15%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
618
Density / Sq Mi
$46,672
Median Household Income
$30,719
Median Earnings
$1,039
Median Rent
$107,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom, one-bath units are offered in as-is condition.
Where is this quadplex located?
The property is located at 6418 Walnut Street Moss Point, MS.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Four‑unit quadplex; All units offer 1 bedroom and 1 bathroom; 2,025 square feet of property area
