2207 15th Ave Unit A And B · Gulfport, MS 39501

$220,000

6 bd · 4.0 ba · 2,132 sqft · MultiFamily · 98 Days on market

Built 2009 Average condition 0.25 ac lot $103/sqft · 25% above area Est $175k · 25% over

---

Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.5/30.0
• DSCR +8.4/10.0
• 1% rule +6.7/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Excellent investment opportunity in the heart of Gulfport! This well-maintained duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms. Both units are currently tenant-occupied, providing immediate income for the new owner. In addition, the seller is offering the option to bundle two other investment properties with this sale. Though the two other buildings have separate legal descriptions, all three properties are situated on the same parcel of land, creating a unique multi-property investment opportunity. The additional addresses are: Ideally located just minutes from downtown Gulfport, the beach, and area casinos, this property offers convenience and strong rental demand. Whether you're looking to expand your portfolio or enter the Gulfport market, this location offers tremendous upside. Don't miss your chance to own a high-yield, multi-unit property package in one of Gulfport's most convenient locations.

Key facts

• High yield
• Strong rental demand
• Tenant occupied

Tags

• TENANT OCCUPIED
• MULTI-PROPERTY INVESTMENT
• CONVENIENT LOCATION
• STRONG RENTAL DEMAND
• HIGH YIELD

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $220k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive. Per door: $257/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $200k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.9% in Gulfport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+10.5%/yr); 252 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $2,574/mo this rent would consume 89% of the median local household income ($35k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Harrison County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,200 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.17% ✓
• Cap rate: 9.09%
• Cash-on-cash: 10.00%
• DSCR: 1.44
• GRM: 7.1

CMA / ARV

• ARV (median comp): $175,403
• List price: $220,000
• Delta: 25.43%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2300 18th Ave Unit A-B	0.19mi	6/4.0	2,378 (+12%)	7mo	$255,000	$107	66
2206 21st Ave Unit A B	0.40mi	6/4.0	2,410 (+13%)	8mo	$240,000	$100	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 4.2%
• Equity multiple: 1.17×
• Total profit: $10,671
• Equity at exit: $32,803

10-year hold

• IRR: 18.0%
• Equity multiple: 2.84×
• Total profit: $113,442
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Mississippi: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; very landlord-favorable; no rent control.

Methodology + full state rankings →

ZIP-level market 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 252
• Price-to-rent: 14.2×

Monthly cashflow live

• Estimated rent: $2,574 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$541
• Net cashflow: $513

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 75%

Sensitivity live

Price	-10% $665	-5% $589	+0% $513	+5% $437	+10% $361
Rent	-10% $310	-5% $411	+0% $513	+5% $615	+10% $716
Rate	-1.0pp $624	-0.5pp $569	base $513	+0.5pp $456	+1.0pp $398

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,574
Total (2 units)			$2,574

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 33rd Ave Gulfport, MS	5.0	2.0	1531	$1,300	$0.85	45d	1	1.31mi

Listing history 6 events

1. 2026-05-18
   status Pending 954-char remark

   Show marketing remark (954 chars)

   Excellent investment opportunity in the heart of Gulfport! This well-maintained duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms. Both units are currently tenant-occupied, providing immediate income for the new owner. In addition, the seller is offering the option to bundle two other investment properties with this sale. Though the two other buildings have separate legal descriptions, all three properties are situated on the same parcel of land, creating a unique multi-property investment opportunity. The additional addresses are: Ideally located just minutes from downtown Gulfport, the beach, and area casinos, this property offers convenience and strong rental demand. Whether you're looking to expand your portfolio or enter the Gulfport market, this location offers tremendous upside. Don't miss your chance to own a high-yield, multi-unit property package in one of Gulfport's most convenient locations.

2. 2026-02-14
   status Active 954-char remark

   Show marketing remark (954 chars)

   Excellent investment opportunity in the heart of Gulfport! This well-maintained duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms. Both units are currently tenant-occupied, providing immediate income for the new owner. In addition, the seller is offering the option to bundle two other investment properties with this sale. Though the two other buildings have separate legal descriptions, all three properties are situated on the same parcel of land, creating a unique multi-property investment opportunity. The additional addresses are: Ideally located just minutes from downtown Gulfport, the beach, and area casinos, this property offers convenience and strong rental demand. Whether you're looking to expand your portfolio or enter the Gulfport market, this location offers tremendous upside. Don't miss your chance to own a high-yield, multi-unit property package in one of Gulfport's most convenient locations.

3. 2026-01-08
   status Pending 954-char remark

   Show marketing remark (954 chars)

   Excellent investment opportunity in the heart of Gulfport! This well-maintained duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms. Both units are currently tenant-occupied, providing immediate income for the new owner. In addition, the seller is offering the option to bundle two other investment properties with this sale. Though the two other buildings have separate legal descriptions, all three properties are situated on the same parcel of land, creating a unique multi-property investment opportunity. The additional addresses are: Ideally located just minutes from downtown Gulfport, the beach, and area casinos, this property offers convenience and strong rental demand. Whether you're looking to expand your portfolio or enter the Gulfport market, this location offers tremendous upside. Don't miss your chance to own a high-yield, multi-unit property package in one of Gulfport's most convenient locations.

4. 2026-01-02
   listed $220,000 Active 954-char remark

   Show marketing remark (954 chars)

   Excellent investment opportunity in the heart of Gulfport! This well-maintained duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms. Both units are currently tenant-occupied, providing immediate income for the new owner. In addition, the seller is offering the option to bundle two other investment properties with this sale. Though the two other buildings have separate legal descriptions, all three properties are situated on the same parcel of land, creating a unique multi-property investment opportunity. The additional addresses are: Ideally located just minutes from downtown Gulfport, the beach, and area casinos, this property offers convenience and strong rental demand. Whether you're looking to expand your portfolio or enter the Gulfport market, this location offers tremendous upside. Don't miss your chance to own a high-yield, multi-unit property package in one of Gulfport's most convenient locations.

5. 2025-12-31
   historical
6. 2025-05-16
   listed $220,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,888
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,471
• − Management: −$2,471
• − Depreciation: −$6,400
• Taxable income: $2,822
• Est. tax owed @ 24.0%: −$677
• After-tax cash flow: $5,480/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 11 photos

Average 55/100 Moderate rehab

This two-unit duplex requires moderate renovations to update the kitchen and bathrooms, and improve the landscaping. The property is currently tenant-occupied and offers a good investment opportunity.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate kitchen appliances — outdated and in need of replacement
• Moderate bathroom fixtures — dated and in need of replacement
• Moderate landscaping — needs trimming and planting

Value-add opportunities

• Both update kitchen and bathrooms — modernizing the spaces will attract more tenants and buyers
• Both landscape and improve curb appeal — improved landscaping will increase curb appeal and attract more tenants and buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
kitchen appliances · outdated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Moderate	$3,000–15,000
landscaping · needs trimming and planting	Moderate	$3,000–15,000
Total estimated repair cost · 4 items		$12,000–60,000

Value-add ROI direction

• Both update kitchen and bathrooms — modernizing the spaces will attract more tenants and buyers ↑
• Both landscape and improve curb appeal — improved landscaping will increase curb appeal and attract more tenants and buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 of 130 in MS

Livability — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1516.0

Population outlook (Harrison County) Hauer SSP2

• Today (2025): 228,444 people
• By 2030: 241,942 · +5.9%
• By 2040: 267,531 · +17.1%
• By 2050: 291,062 · +27.4%
• By 2075: 346,711 · +51.8%
• By 2100: 378,165 · +65.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Harrison

• 2024 margin: Strong R (+28.9) · D 35.0% · R 63.9% · Other 1.1%
• 2008→2024 swing: -2.9pp toward R · 2008: -26.0pp · 2024: -28.9pp
• All cycles: 2024: R+28.9 2020: R+25.2 2016: R+30.7 2012: R+26.6 2008: R+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

6 events — show timeline

• 2026-05-18 Pending — MLSU
• 2026-02-14 Relisted — MLSU
• 2026-01-08 Pending — MLSU
• 2026-01-02 Listed $220,000 MLSU
• 2025-12-31 Listing Removed — MLSU
• 2025-05-16 Listed $220,000 MLSU