Four-Unit Apartment
For Sale
$164,000
6418 Walnut Street, Moss Point, MS 39563
Four one-bedroom residences provide a compact multifamily configuration in Moss Point.
Property Size2,025 SF
Price / SF$80.99
Days on Market232
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
Units
4
Listing Agency:
Rovira Team Realty, LLC
Listed By:
Lazaro J Rovira · License #B20959
(228) 205-3844
Source:
Cumbestrealty
Added: Mar 9
Changed: Oct 25
Last Checked: Oct 26 at 3:36AM
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
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Moss Point contains 2,025 square feet, with each residence configured as a one-bedroom, one-bathroom unit. Built in 1972, the building is being offered in its current as-is condition.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,025 square feet
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,032
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences provide a compact multifamily configuration in Moss Point.
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 units, each with one bedroom and one bathroom; 2,025 square feet; Built in 1972
