Building Details

Year Built 2006

Buildings 1

Listing Agency: Century 21 Busch Realty Group

Listed By: John Gomez Show Phone

Source: Coasthomesms

Added: Jul 15 Changed: Oct 13 Last Checked: Oct 14 at 11:01PM

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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 Century 21 Busch Realty Group

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.

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 / Yr

$16,993

Cap Rate

6.30%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $16,993 @ 7.0% cap · market cap 6.30%

Second Best

Apartment 5plus

$215.7K

$188.7K – $251.7K (±1% cap)

NOI $15,099 @ 7.0% cap · market cap 5.59%

Theoretical Best

Healthcare Medical

$435.0K

$380.6K – $507.5K (±1% cap)

NOI $30,448 @ 7.0% cap · market cap 11.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service Home Appliance Store Veterinary Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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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