Gulfport Multifamily Investment
801 Oakleigh Ave, Gulfport, MS 39507
Multifamily property with strong investment potential near Gulfport's downtown.
Type:Multifamily
Property size:
23,618 SFPrice / SF:
$97/SF- Added:
- Mar 6, 2026
- Days on Market:
- 78
- Last Refresh:
- Apr 6 at 12:28 am
Property Features for 801 Oakleigh Ave
General Information
- Standard status
- Active
- Size
- 23,618 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing agent Jason Hyde (205) 516-6107
Listing office (205) 516-6107
Listing date Mar 6, 2026
Source Svn
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 Jason Hyde
HighLights
- 100% occupancy for the past twelve months.
- Strong investment opportunity with anticipated cash‑on‑cash just above 6.6% and IRR exceeding 15.8%.
- Favorable financial metrics: Expense‑adjusted T‑3 cap rate of 6.97% and projected Year 1 cap rate of 7.31%.
- Prime location minutes from the beach and downtown Gulfport, with convenient access to shopping, dining, schools, and healthcare.
- Built in 2007 with high‑quality materials, including brick exteriors and concrete parking areas.
- Located in Gulfport, a large and economically diverse city with steady workforce demand.
Overview
Oakleigh Apartments in Gulfport, MS, presents a multifamily investment opportunity. Constructed in 2007, the property features mostly brick building exteriors and concrete parking areas. The property contains 24 units with 23,618 rentable square feet, offering a mix of two- and three-bedroom units. The location is just minutes from the beach and downtown Gulfport. Residents benefit from nearby shopping, dining, schools, and healthcare services. Gulfport is one of the Mississippi Gulf Coast’s largest and most economically diverse cities, offering investors a balance of affordability, employment stability, and coastal lifestyle appeal. The city serves as a regional hub anchored by the Port of Gulfport, Ingalls Shipbuilding, Memorial Health System, and Keesler Air Force Base. The property has maintained 100% occupancy for the past twelve months.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.47M
NOI $132,079 @ 9.00% cap · cautious / downside scenario
Moderate
$1.89M
NOI $132,079 @ 7.00% cap · market / base-case scenario
Aggressive
$2.64M
NOI $132,079 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.7k | $11.04 |
| − Vacancy | −$20.6k | −$0.87 |
| EGI | $240.1k | $10.17 |
| − OpEx | −$108.1k | −$4.58 |
| NOI | $132.1k | $5.59 |
23,618 SF · lease $11.04/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.89M
$1.65M – $2.20M
NOI $132,079 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.80M
$3.33M – $4.44M
NOI $266,340 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.0076
- Latitude
- 30.4027
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with strong investment potential near Gulfport's downtown.
Where is this apartment building located?
The property is located at 801 Oakleigh Ave Gulfport, MS.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 100% occupancy for the past twelve months.; Strong investment opportunity with anticipated cash‑on‑cash just above 6.6% and IRR exceeding 15.8%.; Favorable financial metrics: Expense‑adjusted T‑3 cap rate of 6.97% and projected Year 1 cap rate of 7.31%.
