Triplex with 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 Market122
Property Features for 1239 37th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4
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
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
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 1
Last Checked: Oct 7 at 4:06PM
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 triplex contains three residential units within a 1,440-square-foot property built in 1930. The room information identifies four bedrooms and four bathrooms, while vinyl flooring is specified throughout the property. Utilities are included in the rent for all three units, and the units have different rental rates established in the listing information.
The property occupies 0.08 acres and is located in Gulfport, Mississippi. Public water and public sewer serve the site. A shingle roof is also identified. The three-unit configuration, utility-inclusive leasing structure, and existing residential layout provide the core physical and operational details for evaluating the property.
The property occupies 0.08 acres and is located in Gulfport, Mississippi. Public water and public sewer serve the site. A shingle roof is also identified. The three-unit configuration, utility-inclusive leasing structure, and existing residential layout provide the core physical and operational details for evaluating the property.
Key Highlights
- Three‑unit triplex configuration
- Utilities included in the rent for all units
- 1440 square feet on 0.08 acres
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three residential units include utilities as part of 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 $165,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Utilities included in the rent for all units; 1440 square feet on 0.08 acres
