Triplex with Separate Studio
For Sale
$155,000
2209 34th Street, Gulfport, MS 39501
Triplex income property with a 3-bedroom main home and two studio apartments, each with its own kitchen and A/C.
Property Size1,835 SF
Price / SF$84.47
Days on Market28
Property Features for 2209 34th Street
General Information
Standard status
Active
Size
1,835 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
NextHome Simplicity
(228) 213-0571
Listed By:
Ivy D Yeoman · License #S58066
(228) 213-0571
Source:
Compass
Added: Jul 3
Changed: Jul 22
Last Checked: Jul 29 at 1:26PM
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 NextHome Simplicity
Investment Insights
Based on property information with market context.
This income-producing triplex offers three separate units: a 3-bedroom main home plus two studio apartments. Each studio includes its own kitchen, appliances, a water heater, and a window A/C unit, providing independent living setups.
The property is described as conveniently located near shopping, restaurants, schools, and major roadways.
As a multi-unit asset with separate living spaces and in-unit utilities and appliances for the studios, the property is suited to buyers looking for multiple rental income streams or owner-occupancy with additional rental income.
The property is described as conveniently located near shopping, restaurants, schools, and major roadways.
As a multi-unit asset with separate living spaces and in-unit utilities and appliances for the studios, the property is suited to buyers looking for multiple rental income streams or owner-occupancy with additional rental income.
Key Highlights
- Triplex income property with 3‑bedroom main home plus two studio apartments
- Each unit has its own kitchen and appliances, plus its own water heater
- Units feature window A/C units for cooling
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 | $17.8k | $9.72 |
| − Vacancy | −$1.3k | −$0.73 |
| EGI | $16.5k | $8.99 |
| − OpEx | −$4.9k | −$2.70 |
| NOI | $11.5k | $6.29 |
1,835 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$165.0K
$144.4K – $192.5K
NOI $11,549 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$146.6K
$128.3K – $171.0K
NOI $10,262 @ 7.0% cap · market cap 6.62%
Theoretical Best
Healthcare Medical
$295.6K
$258.7K – $344.9K
NOI $20,693 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
386
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 - Triplex income property with a 3-bedroom main home and two studio apartments, each with its own kitchen and A/C.
Where is this triplex located?
The property is located at 2209 34th Street Gulfport, MS.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Triplex income property with 3‑bedroom main home plus two studio apartments; Each unit has its own kitchen and appliances, plus its own water heater; Units feature window A/C units for cooling
