Vacant Duplex with
For Sale
$178,200
930 Park View, Gulfport, MS 39507
Two residential units include three bedrooms, two bathrooms, storage, and an under-building carport.
Property Size2,073 SF
Price / SF$85.96
Days on Market70
Property Features for 930 Park View
General Information
Standard status
Active
Size
2,073 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
RE/MAX Choice Properties
Listed By:
Terry C Medley · License #B21384
(228) 229-6954
Source:
Fiorellaavenue
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 7 at 1:40PM
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 RE/MAX Choice Properties
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Investment Insights
Based on property information with market context.
This vacant duplex at 930 Park View in Gulfport, Mississippi, includes two residential units with three bedrooms and two bathrooms on each side. The property also provides an under-building carport and storage space.
The A side has roof damage and is being sold as-is. The duplex is included in a 28-home package, offering a property-level opportunity within a larger residential portfolio transaction.
The A side has roof damage and is being sold as-is. The duplex is included in a 28-home package, offering a property-level opportunity within a larger residential portfolio transaction.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Under‑building carport with storage space
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,047
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,940
$260.9K
Cap Rate 7%
$186,386
$186.4K
Cap Rate 9%
$144,967
$145.0K
Market Conditions
NOI Build-Up for 2,073 SF
Gross rent
$20.1K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.6K $8.99/SF
− OpEx
−$5.6K −$2.70/SF
NOI
$13.0K $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%
$260,940
Cap Rate 7%
$186,386
Cap Rate 9%
$144,967
Alternative Uses
Best Use
Multifamily LT 5
$186.4K
$163.1K – $217.5K
NOI $13,047 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,593 @ 7.0% cap · market cap 6.51%
Theoretical Best
Healthcare Medical
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include three bedrooms, two bathrooms, storage, and an under-building carport.
Where is this duplex located?
The property is located at 930 Park View 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: Two units, each with 3 bedrooms and 2 bathrooms; Under‑building carport with storage space; Currently vacant
