Gulfport Multifamily Investment
For Sale
$178,200
903 Parkview Place lot A & B, Gulfport, MS 39507
MULTI_FAMILY - Gulfport, MS
Property Size2,142 SF
Lot Size0.19 Acres
Price / SF$83.19
Days on Market290
Property Features for 903 Parkview Place lot A & B
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1
Appliances
Range
Subdivision
Parkview Place
Directions
Switzer to Park View Place
Standard status
Active
APN
1010g-01-015.005
Size
2,142 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 5 SWITZER PLACE SUBD
Tax Annual Amount
2660
Legal Description
LOT 5 SWITZER PLACE SUBD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Choice Properties · RE/MAX International
(228) 896-3033
Listed By:
Terry C Medley · License #B21384
(228) 229-6954
Added: Oct 27, 2025
Changed: Jul 24
Last Checked: Aug 12 at 3:06AM
MLS# 4129833
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property, located in Gulfport, MS, presents an investment opportunity. Each side of the duplex features a 3-bedroom, 2-bathroom layout. One side is currently rented for $975 per month on a month-to-month lease. The other side is vacant and requires some improvements. The property is being sold as-is. The lot size is 0.19 acres and the property size is 2142 square feet. This property is part of a larger package deal.
Key Highlights
- Duplex setup with 3BR/2BA on each side—one unit rented month‑to‑month for $975/mo, the other side vacant
- Sold as‑is; vacant side is in need of TLC
- Year built 2006
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
$13,481
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
7.57%
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%
$269,620
$269.6K
Cap Rate 7%
$192,586
$192.6K
Cap Rate 9%
$149,789
$149.8K
Market Conditions
NOI Build-Up for 2,142 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
$20.8K $9.72/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$19.3K $8.99/SF
− OpEx
−$5.8K −$2.70/SF
NOI
$13.5K $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 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%
$269,620
Cap Rate 7%
$192,586
Cap Rate 9%
$149,789
Alternative Uses
Best Use
Multifamily LT 5
$192.6K
$168.5K – $224.7K
NOI $13,481 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.7K
NOI $11,979 @ 7.0% cap · market cap 6.72%
Theoretical Best
Healthcare Medical
$345.1K
$301.9K – $402.6K
NOI $24,155 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property in Gulfport, MS with investment potential.
Where is this duplex located?
The property is located at 903 Parkview Place lot A & B Gulfport, MS.
What is the asking price?
The asking price for this property is $178,200.
What are key features of this property?
This property features: Duplex setup with 3BR/2BA on each side—one unit rented month‑to‑month for $975/mo, the other side vacant; Sold as‑is; vacant side is in need of TLC; Year built 2006
