Triplex Income Property with Courtyard
12394 Salisbury Road Gulfport, MS 39503
For Sale
$125,000
Pending
MULTI_FAMILY - Gulfport, MS
Property Size1,774 SF
Lot Size0.24 Acres
Days on Market29
Property Features for 12394 Salisbury Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 1
Window features
Aluminum Frames
Patio and Porch features
Porch
Appliances
Range
Standard status
Pending
APN
0708b-02-006.001
Size
1,774 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NE COR OF LOT 14 SPRING VALLEY SUBD SLY ALONG LOT 125 FT TO N MAR OF SALISBURY RD WLY ALONG RD 90 FT N 100 FT E 25 FT N 25 FT TO N LINE OF LOT 14 ELY ALONG LOT 65 FT TO POB BEING PART OF LOTS 13 & 14 SPRING VALLEY SUBD SEC 5-7-11
Tax Annual Amount
879
Utilities
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
3
Flooring type
Parquet Wood, Brick, Hardwood, Combination
Roof type
Shingle
Listing Agency:
Expect Realty
(228) 215-1861
Listed By:
Nathan Houston · License #S60829
(601) 408-0068
Added: Jun 29
Changed: Jul 24
Last Checked: Jul 27 at 10:06PM
MLS# 4154271
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 investor-focused triplex includes three separate 1-bedroom, 1-bath rental units in two buildings, configured as independent income-producing spaces. The total property size is approximately 1,774 square feet on about 0.24 acres, and it is situated on two separate parcels. Unit amenities called out in the listing include a private fenced courtyard for one unit and a screened front porch for another. The property also includes covered two-car parking for two of the units, providing practical off-street parking for tenants.
The address is 12394 Salisbury Road in Gulfport, within Harrison County, Mississippi. The listing notes a peaceful setting while still being minutes from Highway 49 and nearby shopping, dining, and entertainment options.
For buyers seeking a residential income property, this layout supports an operator who prefers to manage multiple small units within one overall asset. The listing states the property is currently generating rental income and is priced to allow a new owner to make improvements. The remarks also note that no flood insurance is required. Overall, the property presents a value-add opportunity centered on upgrading and maintaining three income units in a convenient Gulfport location.
The address is 12394 Salisbury Road in Gulfport, within Harrison County, Mississippi. The listing notes a peaceful setting while still being minutes from Highway 49 and nearby shopping, dining, and entertainment options.
For buyers seeking a residential income property, this layout supports an operator who prefers to manage multiple small units within one overall asset. The listing states the property is currently generating rental income and is priced to allow a new owner to make improvements. The remarks also note that no flood insurance is required. Overall, the property presents a value-add opportunity centered on upgrading and maintaining three income units in a convenient Gulfport location.
Key Highlights
- Three 1‑bedroom, 1‑bath income‑producing rental units across two buildings on two separate parcels
- Each unit has a functional layout, including a private fenced courtyard and a screened front porch
- Two units include two‑car covered parking
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three separate 1-bedroom, 1-bath units across two buildings on two parcels, offering a turnkey rental setup.
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: Three 1‑bedroom, 1‑bath income‑producing rental units across two buildings on two separate parcels; Each unit has a functional layout, including a private fenced courtyard and a screened front porch; Two units include two‑car covered parking
