Leased Triplex with Separate
For Sale
$244,900
Pending
444 Klondyke Road, Long Beach, MS 39560
Residential Income, Long Beach, MS
Property Size2,010 SF
Lot Size0.59 Acres
Days on Market94
Property Features for 444 Klondyke Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5
Patio and Porch features
Patio
Pets allowed
Dogs OK, Breed Restrictions, Cats OK
Appliances
Range
Subdivision
Metes And Bounds
Lot features
City Lot, Fenced, City Lot, Fenced
Elementary school
Wj Quarles
Middle school
Long Beach
High school
Long Beach
Standard status
Pending
APN
0611o-04-002.000
Size
2,010 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 2297.5 FT N & 20 FT E OF SW COR OF SEC 12 ON E MAR OF KLONDYKE RD N 81 DG E 131.2 FT N 20 DG W 70 FT N 81 DG E 125 FT N 20 DG W 66 FT W 207.7 FT TO KLONDYKE RD S ALONG RD 167 FT TO POB PART OF NW1/4 OF SW 1/4 SEC 12-8-12
Tax Annual Amount
2764
Legal Description
BEG 2297.5 FT N & 20 FT E OF SW COR OF SEC 12 ON E MAR OF KLONDYKE RD N 81 DG E 131.2 FT N 20 DG W 70 FT N 81 DG E 125 FT N 20 DG W 66 FT W 207.7 FT TO KLONDYKE RD S ALONG RD 167 FT TO POB PART OF NW1/4 OF SW 1/4 SEC 12-8-12
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
3
Flooring type
Brick, Wood, Slate
Roof type
Shingle
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Philip J Leblanc · License #S30047
(228) 860-0082
Added: May 29
Changed: Aug 26
Last Checked: Aug 30 at 9:06PM
MLS# 4151040
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2010-square-foot triplex includes a three-bedroom, two-bath main residence and two rear apartments, each configured with two bedrooms and one bath. The primary home features hardwood, tile, and brick flooring, granite countertops, stainless appliances, a two-car garage, and a fenced yard. Each apartment has its own garage, driveway, and entrance, creating clear separation among the residences. Central heat and air, a shingle roof, public water, and public sewer serve the property. It is offered in as-is, where-is condition.
The property occupies 0.59 acres at 444 Klondyke Road in Long Beach, Mississippi. Gulf beaches are minutes away, while NCBC Gulfport's Pass Road gate is a short drive from the property. The residences are within the Long Beach School District and are fully leased with all three units occupied under leases at closing.
The property occupies 0.59 acres at 444 Klondyke Road in Long Beach, Mississippi. Gulf beaches are minutes away, while NCBC Gulfport's Pass Road gate is a short drive from the property. The residences are within the Long Beach School District and are fully leased with all three units occupied under leases at closing.
Key Highlights
- Three‑unit configuration: one 3‑bedroom, 2‑bath residence plus two 2‑bedroom, 1‑bath apartments
- 2010 square feet on a 0.59‑acre lot
- Each rear apartment has a private entrance, separate driveway, and individual garage
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
5.17%
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 5.17%
Second Best
Apartment 5plus
$160.6K
$140.5K – $187.4K
NOI $11,241 @ 7.0% cap · market cap 4.59%
Theoretical Best
Healthcare Medical
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
232
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 - Three occupied residences provide distinct entrances, driveways, garages, and private outdoor areas on a residential income property.
Where is this triplex located?
The property is located at 444 Klondyke Road Long Beach, MS.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Three‑unit configuration: one 3‑bedroom, 2‑bath residence plus two 2‑bedroom, 1‑bath apartments; 2010 square feet on a 0.59‑acre lot; Each rear apartment has a private entrance, separate driveway, and individual garage
