Coastal Triplex with Studio
8704 Palm Avenue, Ocean Springs, MS 39564
For Sale
$399,900
Residential, Ocean Springs, MS
Property Size2,998 SF
Lot Size0.24 Acres
Price / SF$133.39
Days on Market52
Property Features for 8704 Palm Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Listing Agency:
eAgent Nexus
(228) 400-2555
Listed By:
Keri Burke · License #S50542
(228) 382-0680
Added: Sep 17
Changed: Oct 29
Last Checked: Nov 7 at 7:06AM
MLS# 4162749
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.
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Investment Insights
Based on property information with market context.
Built in 2010, this 2,998-square-foot triplex contains three separate residential units with a total of 6 bedrooms and 3 bathrooms. Two units are configured with 2 bedrooms and 1 bathroom each, while the third is a studio. The property includes kitchens with modern appliances, functional layouts, and living areas designed to receive natural light.
Set on 0.24 acres in Ocean Springs, the property is near two public boat launches, a bait and tackle shop, local dining, and waterfront recreation. Its residential configuration and coastal setting support continued use as a multifamily property with multiple living spaces under one ownership.
Set on 0.24 acres in Ocean Springs, the property is near two public boat launches, a bait and tackle shop, local dining, and waterfront recreation. Its residential configuration and coastal setting support continued use as a multifamily property with multiple living spaces under one ownership.
Key Highlights
- Three‑unit property with 6 bedrooms and 3 bathrooms
- 2,998 square feet on a 0.24‑acre lot
- Unit mix includes two 2‑bedroom/1‑bath units and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,775
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,500
$415.5K
Cap Rate 7%
$296,786
$296.8K
Cap Rate 9%
$230,833
$230.8K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$32.0K $10.68/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$29.7K $9.90/SF
− OpEx
−$8.9K −$2.97/SF
NOI
$20.8K $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 Rate 5%
$415,500
Cap Rate 7%
$296,786
Cap Rate 9%
$230,833
Alternative Uses
Best Use
Multifamily LT 5
$296.8K
$259.7K – $346.3K
NOI $20,775 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$258.3K
$226.0K – $301.4K
NOI $18,081 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$819.0K
$716.6K – $955.5K
NOI $57,331 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily property with separate living spaces, updated kitchens, and access to nearby boating and dining amenities.
Where is this triplex located?
The property is located at 8704 Palm Avenue Ocean Springs, MS.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit property with 6 bedrooms and 3 bathrooms; 2,998 square feet on a 0.24‑acre lot; Unit mix includes two 2‑bedroom/1‑bath units and one studio
