3-Unit Property with Separate
For Sale
$210,000
8629 Highway 613, Moss Point, MS 39562
Triplex configuration includes a front duplex and detached rear residence with central air and public sewer service.
Property Size2,200 SF
Price / SF$95.45
Days on Market432
Property Features for 8629 Highway 613
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,018
Amenities
Public Sewer
One
Central Air
Central
No
Laminate, Tile
Public
Dead Bolt Lock(s)
5
7
Electric Dryer Hookup, Washer Hookup
5.00
Shingle
Slab
Brick, Other
Covered
Building Details
Year Built
1971
Buildings
2
Listing Agency:
Bloom Realty and Property Management
(228) 218-9847
Listed By:
Jennifer Smith · License #B24727
(228) 218-9847
Source:
Compass
Added: Jun 25, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:56PM
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 Bloom Realty and Property Management
Investment Insights
Based on property information with market context.
This 2,200-square-foot triplex property contains three residences arranged as a front duplex and a separate rear house. Unit A offers 3 bedrooms and 2 baths, while Unit B provides 1 bedroom and 1 bath; the back house adds another 3-bedroom, 2-bath residence. Two units are occupied by tenants. Electrical service is separately metered for each unit, while the water connections share one meter. Built in 1971, the property includes central air, public sewer, laminate and tile flooring, and slab construction.
Access is available from Highway 613 and through an easement off Braddock Ave. The listing includes two parcels, providing a multi-unit layout with distinct residential components and multiple access points.
Access is available from Highway 613 and through an easement off Braddock Ave. The listing includes two parcels, providing a multi-unit layout with distinct residential components and multiple access points.
Key Highlights
- Three‑unit layout with a front duplex and separate rear house
- 2,200 square feet with 3 bedrooms and 2 baths in Unit A
- Unit B includes 1 bedroom and 1 bath; rear house includes 3 bedrooms and 2 baths
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
$15,245
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
7.26%
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%
$304,900
$304.9K
Cap Rate 7%
$217,786
$217.8K
Cap Rate 9%
$169,389
$169.4K
Market Conditions
NOI Build-Up for 2,200 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
$23.5K $10.68/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$21.8K $9.90/SF
− OpEx
−$6.5K −$2.97/SF
NOI
$15.2K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /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%
$304,900
Cap Rate 7%
$217,786
Cap Rate 9%
$169,389
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.6K – $254.1K
NOI $15,245 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$189.5K
$165.9K – $221.1K
NOI $13,268 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$601.0K
$525.9K – $701.2K
NOI $42,071 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 39562, MS
16,780
Population
7,717
Households
2.2
Avg Household Size
43
Median Age
13%
College-Educated
82%
High-School Grad
201.6 sq mi
ZIP Area
83
Density / Sq Mi
$55,602
Median Household Income
$46,224
Median Earnings
$976
Median Rent
$158,100
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 configuration includes a front duplex and detached rear residence with central air and public sewer service.
Where is this triplex located?
The property is located at 8629 Highway 613 Moss Point, MS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Three‑unit layout with a front duplex and separate rear house; 2,200 square feet with 3 bedrooms and 2 baths in Unit A; Unit B includes 1 bedroom and 1 bath; rear house includes 3 bedrooms and 2 baths
