Triplex Investment
12394 Salisbury Road Gulfport, MS 39503
For Sale
$125,000
Pending
Triplex on two parcels with three 1-bedroom, 1-bath units across two buildings, including courtyard and covered parking features.
Property Size1,774 SF
Days on Market26
Property Features for 12394 Salisbury Road
General Information
- Standard status
- Pending
- Size
- 1,774 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1986
Listing Agency:
Expect Realty
(601) 408-0068
Listed By:
Nathan Houston · License #S60829
(601) 408-0068
Source:
Compass
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 23 at 8:35AM
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 Expect Realty
Investment Insights
Based on property information with market context.
This triplex investor property consists of three separate 1-bedroom, 1-bath rental units spread across two buildings on two parcels. The current configuration provides a functional, self-contained setup for each unit, with distinct exterior features including a private fenced courtyard, a screened front porch, and covered two-car parking for two of the units. The property is currently generating rental income, and offers an opportunity for a new owner to make improvements.
The asset is offered for sale at 12392 and 12394 Salisbury Road in Gulfport, MS. The property is described as being in a peaceful setting while remaining minutes from Highway 49 and nearby shopping, dining, and entertainment, and the remarks state that no flood insurance is required.
Overall, the property presents a straightforward income-producing structure with three units and two-building layout, with additional value potential through updates and repositioning by the next owner.
The asset is offered for sale at 12392 and 12394 Salisbury Road in Gulfport, MS. The property is described as being in a peaceful setting while remaining minutes from Highway 49 and nearby shopping, dining, and entertainment, and the remarks state that no flood insurance is required.
Overall, the property presents a straightforward income-producing structure with three units and two-building layout, with additional value potential through updates and repositioning by the next owner.
Key Highlights
- Triplex with three 1‑bedroom, 1‑bath rental units across two buildings
- Set on two separate parcels at 12392 & 12394 Salisbury Road
- Interior features include high ceilings and vaulted ceilings; electric dryer and washer hookups
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 | $17.2k | $9.72 |
| − Vacancy | −$1.3k | −$0.73 |
| EGI | $16.0k | $8.99 |
| − OpEx | −$4.8k | −$2.70 |
| NOI | $11.2k | $6.29 |
1,774 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$159.5K
$139.6K – $186.1K
NOI $11,165 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$141.7K
$124.0K – $165.4K
NOI $9,921 @ 7.0% cap · market cap 7.94%
Theoretical Best
Healthcare Medical
$285.8K
$250.1K – $333.4K
NOI $20,005 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tinted Up By ...
Interior Design
FAQs
What type of property is this?
Triplex - Triplex on two parcels with three 1-bedroom, 1-bath units across two buildings, including courtyard and covered parking features.
Where is this triplex located?
The property is located at 12394 Salisbury Road Gulfport, MS.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Triplex with three 1‑bedroom, 1‑bath rental units across two buildings; Set on two separate parcels at 12392 & 12394 Salisbury Road; Interior features include high ceilings and vaulted ceilings; electric dryer and washer hookups
