Income-Generating
13070 Tracewood Drive Gulfport, MS 39503
For Sale
$239,000
Duplex with Unit A currently rented and Unit B vacant and ready for a new tenant or owner move-in.
Property Size2,303 SF
Price / SF$103.78
Days on Market161
Property Features for 13070 Tracewood Drive
General Information
Standard status
Active
Size
2,303 SF
Property subtype
Multi Family
Building Details
Year Built
2008
Listing Agency:
Stars and Stripes Realty, LLC.
(228) 217-3783
Listed By:
Jayden K Gillespie · License #B24389
(228) 217-3783
Source:
Compass
Added: Feb 16
Changed: Jul 20
Last Checked: Jul 23 at 7:25AM
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 Stars and Stripes Realty, LLC.
Investment Insights
Based on property information with market context.
This duplex offers a simple two-unit setup designed to produce rental income immediately. Unit A is currently rented, while Unit B is vacant and ready for a new tenant or for the new owner to move right in.
The property is owned by Magnolia Gulf Rentals, LLC.
With both units in place, the layout supports flexible living and leasing arrangements—either live in one side while generating income from the other, or rent both units following occupancy of Unit B.
The property is owned by Magnolia Gulf Rentals, LLC.
With both units in place, the layout supports flexible living and leasing arrangements—either live in one side while generating income from the other, or rent both units following occupancy of Unit B.
Key Highlights
- Duplex built in 2008 with 4 full bathrooms and 6 total bedrooms (two levels)
- Unit A is currently rented for $1,500 per month; Unit B is vacant and ready for a new tenant or owner move‑in
- Central air cooling and central heating throughout, plus ceiling fans
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 | $22.4k | $9.72 |
| − Vacancy | −$1.7k | −$0.73 |
| EGI | $20.7k | $8.99 |
| − OpEx | −$6.2k | −$2.70 |
| NOI | $14.5k | $6.29 |
2,303 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.1K
$181.2K – $241.6K
NOI $14,494 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,879 @ 7.0% cap · market cap 5.39%
Theoretical Best
Healthcare Medical
$371.0K
$324.6K – $432.9K
NOI $25,971 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with Unit A currently rented and Unit B vacant and ready for a new tenant or owner move-in.
Where is this duplex located?
The property is located at 13070 Tracewood Drive Gulfport, MS.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex built in 2008 with 4 full bathrooms and 6 total bedrooms (two levels); Unit A is currently rented for $1,500 per month; Unit B is vacant and ready for a new tenant or owner move‑in; Central air cooling and central heating throughout, plus ceiling fans
