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    2012 Napoleon St, Unit lot A&B Ocean Springs, MS 39564

    View on Map
    Sponsored
    For Sale
    $274,900

    MULTI_FAMILY - Ocean Springs, MS

    Property size:
    2,970 SF
    Lot size:
    0.10 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 5:06 am

    Property Features for 2012 Napoleon St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    0-61-30-097.000
    Parking
    4
    Patio and Porch features
    Porch
    Appliances
    Range
    Size
    2,970 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2010
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Monique C Ward

    A&W Associates Inc. (228) 617-2332

    Listing agent Monique C Ward (228) 819-2091 License #B21551

    Listing date Mar 13, 2026

    MLS# 4142355

    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.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Ocean Springs Duplex

    This well-maintained duplex features two spacious units, each offering 3 bedrooms and 3 full bathrooms. Recent improvements include new carpet and luxury vinyl plank flooring in Unit A, along with a new microwave and washing machine installed in 2024. Unit B updates include a new Carrier 3-ton A/C condenser and air handler and a new refrigerator installed in 2025. A new roof was installed in 2024 for both units. Each unit offers generous storage and a functional floor plan with one bedroom and full bath on the main level, while upstairs includes a second bedroom with full bath and a primary bedroom with its own private full bath. Both units are fully occupied with reliable long-term tenants on month-to-month leases. Current rental income includes Unit A at $1,300 per month and Unit B at $1,240 per month, generating total monthly income of $2,540 and annual gross income of $30,480. The property is located near I-10 and Hwy 90 with quick access to Pascagoula, Ocean Springs, Biloxi, and D'Iberville. The property size is 2970 square feet and the lot size is 0.1 acres. This is an excellent investment property with immediate cash flow and strong long-term potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Grocery & Convenience Store Electronics & Wireless Store Travel Agency Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.815325
    Latitude
    30.449658

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex with strong investment opportunity near I-10.
    Where is this duplex located?
    The property is located at 2012 Napoleon St, Unit lot A&B Ocean Springs, MS.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - Fully rented duplex generating $2,540 monthly income ($30,480 annually) for immediate cash flow.; - Each unit features a desirable 3BR/3BA layout, attracting long-term tenants.; - Recent updates include a new roof (2024), new A/C condenser and air handler in Unit B (2025), and new flooring in Unit A (2024).
    (228) 327-4814
    Request Owner's contact information
    2012 Napoleon St, Unit lot A&B Ocean Springs, MS 39564
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    Ocean Springs, MS 39564
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2012 Napoleon St, Unit lot A&B Ocean Springs, MS 39564
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    We can help!
    Listing Contact
    Monique C Ward
    Real Estate License ID: B21551
    (228) 327-4814 (228) 819-2091 (228) 875-7793
    Learn more
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