Utility-Inclusive
For Sale
$165,000
1239 37th Avenue, Gulfport, MS 39501
Residential, Gulfport, MS
Property Size1,440 SF
Lot Size0.08 Acres
Price / SF$114.58
Days on Market144
Property Features for 1239 37th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
Driveway
Appliances
Cooktop
Subdivision
Hungerford
Elementary school district
Gulfport Dist
Middle school district
Gulfport Dist
High school district
Gulfport Dist
Standard status
Active
APN
0711i-01-090.000
Size
1,440 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 17 HUNGERFORD ADD
Tax Annual Amount
1053
Legal Description
LOT 1 BLK 17 HUNGERFORD ADD
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Jun 8
Changed: Oct 26
Last Checked: Oct 29 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,440-square-foot triplex in Gulfport contains three rental units, with utilities included in the rent. The recorded rooms include four bedrooms and four bathrooms. Interior features include vinyl flooring and a cooktop; the building also has heat pump heating and a shingle roof. It was built in 1930.
The property occupies a 0.08-acre lot at 1239 37th Avenue. Public water and public sewer serve the site, and parking is provided by a driveway.
The property occupies a 0.08-acre lot at 1239 37th Avenue. Public water and public sewer serve the site, and parking is provided by a driveway.
Key Highlights
- Three rental units with utilities included in the rent
- 1,440 square feet of property area
- 0.08‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,063
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,260
$181.3K
Cap Rate 7%
$129,471
$129.5K
Cap Rate 9%
$100,700
$100.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$14.0K $9.72/SF
− Vacancy
−$1.0K −$0.73/SF
EGI
$12.9K $8.99/SF
− OpEx
−$3.9K −$2.70/SF
NOI
$9.1K $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%
$181,260
Cap Rate 7%
$129,471
Cap Rate 9%
$100,700
Alternative Uses
Best Use
Multifamily LT 5
$129.5K
$113.3K – $151.1K
NOI $9,063 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$115.0K
$100.7K – $134.2K
NOI $8,053 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
911
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
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units share public water and sewer service, with driveway parking and heat pump heating.
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 $165,000.
What are key features of this property?
This property features: Three rental units with utilities included in the rent; 1,440 square feet of property area; 0.08‑acre lot
