3-Unit Triplex with Private
For Sale
$269,900
444 Klondyke Rd, Long Beach, MS 39560
Fully leased triplex with separate garages, private entrances, and newer HVAC systems throughout.
Property Size2,010 SF
Price / SF$134.28
Days on Market42
Property Features for 444 Klondyke Rd
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 860-0082
Listed By:
Philip J Leblanc · License #S30047
Source:
Fiorellaavenue
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 8:09PM
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 Alfonso Realty-Lorraine Rd
Investment Insights
Based on property information with market context.
This 3-unit triplex includes a 3-bedroom, 2-bath main residence and two rear apartments, each configured with 2 bedrooms and 1 bath. The main home offers hardwood, tile, and brick flooring, granite countertops, stainless steel appliances, a two-car garage, and a private fenced yard. Each apartment has its own garage and driveway, while newer HVAC systems serve all three units. The property contains 2,010 square feet and was built in 1970.
Located at 444 Klondyke Rd in Long Beach, the property is minutes from Gulf of Mexico beaches and within a short drive of the Pass Road gate at the Navy Seabee Base. Highway 90 and Interstate 10 provide regional access, with the Gulfport-Biloxi metro area nearby. The property is identified as outside a flood zone, subject to buyer verification.
All three units are currently leased. The reported cap rate is 8.45%.
Located at 444 Klondyke Rd in Long Beach, the property is minutes from Gulf of Mexico beaches and within a short drive of the Pass Road gate at the Navy Seabee Base. Highway 90 and Interstate 10 provide regional access, with the Gulfport-Biloxi metro area nearby. The property is identified as outside a flood zone, subject to buyer verification.
All three units are currently leased. The reported cap rate is 8.45%.
Key Highlights
- 3‑unit configuration with one 3‑bedroom home and two 2‑bedroom apartments
- 2,010 square feet on a 0.197‑acre lot
- Each rear apartment includes a private garage and separate driveway
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
$12,650
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
4.69%
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%
$253,000
$253.0K
Cap Rate 7%
$180,714
$180.7K
Cap Rate 9%
$140,556
$140.6K
Market Conditions
NOI Build-Up for 2,010 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
$19.5K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.1K $8.99/SF
− OpEx
−$5.4K −$2.70/SF
NOI
$12.7K $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%
$253,000
Cap Rate 7%
$180,714
Cap Rate 9%
$140,556
Alternative Uses
Best Use
Multifamily LT 5
$180.7K
$158.1K – $210.8K
NOI $12,650 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$160.6K
$140.5K – $187.4K
NOI $11,241 @ 7.0% cap · market cap 4.16%
Theoretical Best
Healthcare Medical
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
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 - Fully leased triplex with separate garages, private entrances, and newer HVAC systems throughout.
Where is this triplex located?
The property is located at 444 Klondyke Rd Long Beach, 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: 3‑unit configuration with one 3‑bedroom home and two 2‑bedroom apartments; 2,010 square feet on a 0.197‑acre lot; Each rear apartment includes a private garage and separate driveway
