Leased Duplex with Mirrored
For Sale
$260,000
5347-5351 Quail Creek Circle, Diberville, MS 39540
Residential Income, D'Iberville, MS
Property Size2,342 SF
Lot Size0.23 Acres
Price / SF$111.02
Days on Market41
Property Features for 5347-5351 Quail Creek Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 5
Parking
2
Patio and Porch features
Porch
Appliances
Range
Subdivision
Quail Creek
Lot features
Corner Lot, Corner Lot
Standard status
Active
APN
1306-19-010.131, 1306-19-010.130
Size
2,342 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 108 QUAIL CREEK SUBD SEC 19-6-9 & LOT 107 QUAIL CREEK SUBD SEC 19-6-9
Tax Annual Amount
1315
Legal Description
LOT 108 QUAIL CREEK SUBD SEC 19-6-9 & LOT 107 QUAIL CREEK SUBD SEC 19-6-9
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Listing Agency:
Century 21 Busch Realty Group · Century 21 Real Estate
(228) 324-1715
Listed By:
Kim Alexander · License #S54591
(601) 723-0140
Added: Jul 27
Changed: Sep 3
Last Checked: Sep 5 at 10:06PM
MLS# 4157278
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.
Built in 2006, this duplex consists of two matching residences, each arranged with three bedrooms and two bathrooms. The mirrored floor plans create a consistent configuration across both units. Interior finishes include carpet and vinyl flooring, while each residence has a range and porch. The property is served by public water and public sewer and features a shingle roof.
The 0.23-acre property is located at 5347-5351 Quail Creek Circle in D'Iberville, Mississippi. Its setting near the Promenade Mall area provides access to shopping, dining, entertainment, and major roadways, with connections to Gulfport, Biloxi, Ocean Springs, Pascagoula, and Moss Point. Both residences are leased, with the current lease terms extending through December 31, 2026.
The 0.23-acre property is located at 5347-5351 Quail Creek Circle in D'Iberville, Mississippi. Its setting near the Promenade Mall area provides access to shopping, dining, entertainment, and major roadways, with connections to Gulfport, Biloxi, Ocean Springs, Pascagoula, and Moss Point. Both residences are leased, with the current lease terms extending through December 31, 2026.
Key Highlights
- Two‑unit duplex with matching 3‑bedroom, 2‑bathroom floor plans
- Both units leased through December 31, 2026
- Built in 2006 on a 0.23‑acre parcel
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
$14,740
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
5.67%
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%
$294,800
$294.8K
Cap Rate 7%
$210,571
$210.6K
Cap Rate 9%
$163,778
$163.8K
Market Conditions
NOI Build-Up for 2,342 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
$22.8K $9.72/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$21.1K $8.99/SF
− OpEx
−$6.3K −$2.70/SF
NOI
$14.7K $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%
$294,800
Cap Rate 7%
$210,571
Cap Rate 9%
$163,778
Alternative Uses
Best Use
Multifamily LT 5
$210.6K
$184.3K – $245.7K
NOI $14,740 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,097 @ 7.0% cap · market cap 5.04%
Theoretical Best
Healthcare Medical
$377.3K
$330.1K – $440.2K
NOI $26,411 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
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?
Duplex - Two matching three-bedroom residences offer consistent layouts, public utilities, and established tenancy through December 31, 2026.
Where is this duplex located?
The property is located at 5347-5351 Quail Creek Circle Diberville, MS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex with matching 3‑bedroom, 2‑bathroom floor plans; Both units leased through December 31, 2026; Built in 2006 on a 0.23‑acre parcel
