Three-Unit Multifamily
For Sale
$269,900
2110 30th St, Gulfport, MS 39501
Gulfport triplex with one leased residence, two vacant units, and off-street parking.
Property Size2,700 SF
Price / SF$99.96
Days on Market45
Property Features for 2110 30th St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Coldwell Banker Smith Home Rltrs-Os
(228) 697-5479
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 28 at 9:56AM
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 Coldwell Banker Smith Home Rltrs-Os
Investment Insights
Based on property information with market context.
Built in 2006, this Gulfport triplex contains three approximately 900-square-foot residences, each with two bedrooms and two bathrooms. The property totals 2,700 square feet, with one unit leased and two currently vacant. Off-street parking serves the building, and the vacant residences provide access for showings without tenant scheduling.
The property is located near downtown Gulfport, Memorial Hospital, the Port of Gulfport, beaches, casinos, shopping, and dining. Its three-unit configuration includes a mix of occupied and unoccupied residences within one multifamily asset.
The property is located near downtown Gulfport, Memorial Hospital, the Port of Gulfport, beaches, casinos, shopping, and dining. Its three-unit configuration includes a mix of occupied and unoccupied residences within one multifamily asset.
Key Highlights
- Three approximately 900‑square‑foot units, each with 2 bedrooms and 2 bathrooms
- 2,700‑square‑foot triplex built in 2006
- One unit leased; two units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,993
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,860
$339.9K
Cap Rate 7%
$242,757
$242.8K
Cap Rate 9%
$188,811
$188.8K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$26.2K $9.72/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$24.3K $8.99/SF
− OpEx
−$7.3K −$2.70/SF
NOI
$17.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,860
Cap Rate 7%
$242,757
Cap Rate 9%
$188,811
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$215.7K
$188.7K – $251.7K
NOI $15,099 @ 7.0% cap · market cap 5.59%
Theoretical Best
Healthcare Medical
$435.0K
$380.6K – $507.5K
NOI $30,448 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
535
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Gulfport triplex with one leased residence, two vacant units, and off-street parking.
Where is this triplex located?
The property is located at 2110 30th St Gulfport, MS.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Three approximately 900‑square‑foot units, each with 2 bedrooms and 2 bathrooms; 2,700‑square‑foot triplex built in 2006; One unit leased; two units vacant
