Multifamily Bungalow With
For Sale
$262,500
1000 27th St, Gulfport, MS 39501
Updated bungalow with an attached suite, corner-lot setting, and flexible residential configuration near the beach.
Property Size1,793 SF
Price / SF$146.40
Days on Market24
Property Features for 1000 27th St
General Information
Standard status
Active
Size
1,793 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Buildings
1
Construction
cottage-style bungalow
Listing Agency:
Exit By Faith Realty
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Sep 4
Changed: Sep 26
Last Checked: Sep 26 at 7:15AM
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 Exit By Faith Realty
Investment Insights
Based on property information with market context.
This 1,793-square-foot cottage-style bungalow, built in 1950, includes an attached mother-in-law suite that expands the property's residential flexibility. The additional space may serve as a private apartment, guest quarters, or vacation rental. Interior improvements include custom cabinetry, quartzite countertops, new windows, and a new roof.
The property occupies a spacious corner lot in Gulfport's Broadmoor area at 1000 27th St. The beach is accessible by a short walk or bike ride. Mature oak trees shade the outdoor living and entertaining areas, and most of the furniture may be included in the sale.
The property occupies a spacious corner lot in Gulfport's Broadmoor area at 1000 27th St. The beach is accessible by a short walk or bike ride. Mature oak trees shade the outdoor living and entertaining areas, and most of the furniture may be included in the sale.
Key Highlights
- 1,793‑square‑foot multifamily property built in 1950
- Attached mother‑in‑law suite for additional residential use
- Custom cabinetry and quartzite countertops
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
$10,027
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
3.82%
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%
$200,540
$200.5K
Cap Rate 7%
$143,243
$143.2K
Cap Rate 9%
$111,411
$111.4K
Market Conditions
NOI Build-Up for 1,793 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
$19.8K $11.04/SF
− Vacancy
−$1.6K −$0.87/SF
EGI
$18.2K $10.17/SF
− OpEx
−$8.2K −$4.58/SF
NOI
$10.0K $5.59/SF
Area
Harrison County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
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%
$200,540
Cap Rate 7%
$143,243
Cap Rate 9%
$111,411
Alternative Uses
Best Use
Apartment 5plus
$143.2K
$125.3K – $167.1K
NOI $10,027 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$288.9K
$252.8K – $337.0K
NOI $20,220 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
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Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated bungalow with an attached suite, corner-lot setting, and flexible residential configuration near the beach.
Where is this multifamily property located?
The property is located at 1000 27th St Gulfport, MS.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: 1,793‑square‑foot multifamily property built in 1950; Attached mother‑in‑law suite for additional residential use; Custom cabinetry and quartzite countertops
