Three-Structure Multifamily
For Sale
$899,000
647 Howard Avenue, Biloxi, MS 39530
Residential Income, Biloxi, MS
Property Size4,779 SF
Lot Size0.51 Acres
Price / SF$188.11
Days on Market200
Property Features for 647 Howard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Regional Business
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bedroom 7, Bedroom 9, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 7, Bedroom 3, Bedroom 2, Bathroom 6, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1
Parking
12
Parking features
Guest
Window features
Vinyl Frames
Patio and Porch features
Deck, Porch
Exterior features
Awning(s), Balcony
Appliances
Range
Subdivision
Metes And Bounds
Lot features
City Lot, Fenced, Near Beach, City Lot, Fenced, Near Beach
Standard status
Active
APN
1410k-01-049.000
Size
4,779 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT SE COR OF INTER OF E HOWARD AVE & ELMER ST E 115 FT TO POB E 97 FT S 200 FT M/L W 52 FT S 55 FT M/L W 45 FT N 250 FT M/L TO POB BEING PART OF CITY SEC BLK 83 & OF JOHN B CARGNATE CLAIM SEC 28-7-9 (FORMLY BEING THE
Tax Annual Amount
6937
Legal Description
COM AT SE COR OF INTER OF E HOWARD AVE & ELMER ST E 115 FT TO POB E 97 FT S 200 FT M/L W 52 FT S 55 FT M/L W 45 FT N 250 FT M/L TO POB BEING PART OF CITY SEC BLK 83 & OF JOHN B CARGNATE CLAIM SEC 28-7-9 (FORMLY BEING THE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Water front features
Beach Access
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Carpet, Tile, Tile - Ceramic, Vinyl, Wood
Roof type
Metal
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Michelle C Filipich · License #B20168
(228) 669-7213
Added: Mar 24
Changed: Oct 8
Last Checked: Oct 9 at 6:06AM
MLS# 4143399
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.
The 4,779-square-foot property contains three structures on a 0.51-acre parcel. The main residence has been remodeled and furnished, with 4 bedrooms and 3 baths, and operates as a short-term rental. A separate 1-bedroom, 1-bath apartment is leased long term. The third building is a furnished bungalow built approximately one year ago, with 4 bedrooms and 3 baths. The property was built in 1920 and is zoned RB (Regional Business); approved plans are in place for an additional bungalow.
Beach access is listed among the property features, and the beach, entertainment, and dining options are described as within walking distance. Public water and sewer serve the property, and guest parking is available.
Beach access is listed among the property features, and the beach, entertainment, and dining options are described as within walking distance. Public water and sewer serve the property, and guest parking is available.
Key Highlights
- Three structures on a 0.51‑acre parcel
- 4,779 square feet across the property
- Main residence: 4 bedrooms and 3 baths; remodeled, furnished, and operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,726
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,520
$534.5K
Cap Rate 7%
$381,800
$381.8K
Cap Rate 9%
$296,956
$297.0K
Market Conditions
NOI Build-Up for 4,779 SF
Gross rent
$52.8K $11.04/SF
− Vacancy
−$4.2K −$0.87/SF
EGI
$48.6K $10.17/SF
− OpEx
−$21.9K −$4.58/SF
NOI
$26.7K $5.59/SF
Area
Harrison County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,520
Cap Rate 7%
$381,800
Cap Rate 9%
$296,956
Alternative Uses
Best Use
Apartment 5plus
$381.8K
$334.1K – $445.4K
NOI $26,726 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$769.9K
$673.7K – $898.2K
NOI $53,893 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 39530, MS
8,392
Population
4,533
Households
1.9
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
1,865
Density / Sq Mi
$39,755
Median Household Income
$26,222
Median Earnings
$821
Median Rent
$149,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three buildings combine furnished short-term rentals with a separate apartment leased for long-term occupancy.
Where is this multifamily property located?
The property is located at 647 Howard Avenue Biloxi, MS.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three structures on a 0.51‑acre parcel; 4,779 square feet across the property; Main residence: 4 bedrooms and 3 baths; remodeled, furnished, and operating as a short‑term rental
