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    The Largest CRE Database in the US with Over 1 Million Listings

    321/323 Ruella St Bay Saint Louis, MS 39520

    Sponsored
    For Sale
    Pending
    $295,000

    MULTI_FAMILY - Bay Saint Louis, MS

    Property size:
    2,320 SF
    Lot size:
    0.20 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 5 at 3:06 pm

    Property Features for 321/323 Ruella St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    149d-3-21-006.002
    Patio and Porch features
    Patio
    Appliances
    Range
    Size
    2,320 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Roof type
    Shingle

    We can help!

    Listing Contact
    Regan Kane
    Regan Kane

    John McDonald Realty (228) 467-5500

    Listing agent Regan Kane (228) 467-5500 License #B14846

    Listing date Jan 20, 2026

    MLS# 4136367 Listing URL

    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 Duplex in Old Town

    This income-producing duplex is located in Old Town Bay St. Louis. Each unit features 2 bedrooms and 2 bathrooms within 1,160 square feet of living space, totaling 2,320 square feet for the entire property. The units have an open-concept layout enhanced by 9-foot ceilings. Each kitchen is equipped with a large island, granite countertops, and stainless steel appliances. Situated on a 0.2-acre lot, the property is located in an X flood zone, eliminating the requirement for flood insurance. The property's location offers walkability to Old Town's shops, restaurants, and the beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.333776
    Latitude
    30.318898

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex in Old Town Bay St. Louis, income potential.
    Where is this duplex located?
    The property is located at 321/323 Ruella St Bay Saint Louis, MS.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Income-producing duplex in the heart of Old Town Bay St. Louis.; - Each unit features 2 bedrooms and 2 bathrooms with 1,160 sq ft of living space.; - Located in an X flood zone, eliminating the need for flood insurance.
    (228) 363-0331
    Request Owner's contact information
    321/323 Ruella St Bay Saint Louis, MS 39520
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    Bay Saint Louis, MS 39520
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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
    321/323 Ruella St Bay Saint Louis, MS 39520
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    We can help!
    Listing Contact
    Regan Kane
    Regan Kane
    Real Estate License ID: B14846
    (228) 363-0331
    Learn more
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