Investment Overview

Marcus & Millichap is pleased to present Cypress Lane Townhomes. The property presents an attractive multifamily investment opportunity featuring 68 townhouse-style apartment units (and one contiguous single-family residence) in Gulfport, Mississippi. Built in 1985, the community offers a distinctive residential layout that provides residents with a more traditional, private living environment than conventional garden-style apartments. Each unit features a dimensional shingle roof, private patio, and washer and dryer connections, delivering practical amenities that appeal to a broad renter demographic. The combination of townhouse-style living and in-unit laundry connections provides a compelling foundation for attracting and retaining residents in the Gulf Coast rental market. The property offers a variety of community amenities designed to enhance resident convenience and overall appeal. On-site parking provides convenient access to individual residences, while the swimming pool offers an attractive recreational amenity during the Mississippi Gulf Coast’s extended warm-weather season. Additional features include a dedicated leasing office and an on-site dog park, providing residents with convenient leasing services and a pet-friendly living environment. Situated in Gulfport, the property benefits from its location within Mississippi’s largest coastal city and a regional economy supported by tourism, healthcare, military installations, gaming, port operations, and retail trade. Major employment drivers in the area include Memorial Health System, the Mississippi Gulf Coast VA Health Care System, Keesler Air Force Base in nearby Biloxi, the Port of Gulfport, and the region’s casino and hospitality industry. The area also offers an appealing coastal lifestyle, with access to Gulfport Beach, boating, fishing, golf, and other outdoor recreation along the Mississippi Sound. Residents can enjoy local dining, shopping, entertainment, and the broader attractions of the Mississippi Gulf Coast, including coastal casinos and destinations throughout Gulfport and Biloxi. These diverse employment sectors and lifestyle amenities contribute to the area’s appeal as a residential market serving local employees, military-affiliated households, and renters seeking convenient access to the Gulf Coast’s employment and recreational opportunities.