Triplex Income
1239 37th Avenue Gulfport, MS 39501
For Sale
$175,000
MULTI_FAMILY - Gulfport, MS
Property Size1,440 SF
Lot Size0.08 Acres
Price / SF$121.53
Days on Market50
Property Features for 1239 37th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Standard status
Active
APN
0711i-01-090.000
Size
1,440 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 17 HUNGERFORD ADD
Tax Annual Amount
1053
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Jun 8
Changed: Jul 24
Last Checked: Jul 27 at 7:06PM
MLS# 4152140
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 for-sale triplex at 1239 37th Avenue in Gulfport, Mississippi includes three income-generating units (Unit A, Unit B, and Unit C). The property is described as offering utility-inclusive leases, with utilities included in the rent for all units.
The listing indicates a total property size of 1,440 square feet on a 0.08-acre lot. Unit A, Unit B, and Unit C are each presented as separate rental spaces within the triplex structure.
Rental rates provided in the listing support a tiered unit lineup, with each unit identified separately as Unit A, Unit B, and Unit C, and with utilities included in the rent across the three units.
The listing indicates a total property size of 1,440 square feet on a 0.08-acre lot. Unit A, Unit B, and Unit C are each presented as separate rental spaces within the triplex structure.
Rental rates provided in the listing support a tiered unit lineup, with each unit identified separately as Unit A, Unit B, and Unit C, and with utilities included in the rent across the three units.
Key Highlights
- Multiple income‑generating units with current rents: $595/mo, $895/mo, and $1,195/mo
- All units include utilities as part of the rental rate
- Public water and public sewer service
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.0k | $9.72 |
| − Vacancy | −$1.0k | −$0.73 |
| EGI | $12.9k | $8.99 |
| − OpEx | −$3.9k | −$2.70 |
| NOI | $9.1k | $6.29 |
1,440 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$129.5K
$113.3K – $151.1K
NOI $9,063 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$115.0K
$100.7K – $134.2K
NOI $8,053 @ 7.0% cap · market cap 4.60%
Theoretical Best
Healthcare Medical
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three income-generating rental units with utilities included in the rent.
Where is this triplex located?
The property is located at 1239 37th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Multiple income‑generating units with current rents: $595/mo, $895/mo, and $1,195/mo; All units include utilities as part of the rental rate; Public water and public sewer service
