Two-Unit Duplex
For Sale
$250,000
114 Crestwood Cove, Clinton, MS 39056
The sale includes both residences within this established duplex in Clinton.
Property Size1,868 SF
Price / SF$133.83
Days on Market81
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Property Features for 114 Crestwood Cove
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Century 21 David Stevens
Listed By:
Jackie L Dalton · License #S47985
(601) 594-5344
Source:
Fiorellaavenue
Added: Jul 27
Changed: Oct 12
Last Checked: Oct 15 at 12:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 David Stevens
Investment Insights
Based on property information with market context.
This two-unit duplex at 114 Crestwood Cove in Clinton, Mississippi, offers 1,868 square feet across both residences. Constructed in 1981, the property is configured as a duplex with each side included in the transaction.
The address places the property in Clinton, Mississippi, providing a straightforward residential income configuration for an owner seeking a two-unit asset. Both residences are being conveyed together as one property.
The address places the property in Clinton, Mississippi, providing a straightforward residential income configuration for an owner seeking a two-unit asset. Both residences are being conveyed together as one property.
Key Highlights
- Both sides of the duplex are included in the sale
- 1,868 square feet across the two‑unit property
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,757
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,140
$235.1K
Cap Rate 7%
$167,957
$168.0K
Cap Rate 9%
$130,633
$130.6K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$18.2K $9.72/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$16.8K $8.99/SF
− OpEx
−$5.0K −$2.70/SF
NOI
$11.8K $6.29/SF
Area
Hinds 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 Rate 5%
$235,140
Cap Rate 7%
$167,957
Cap Rate 9%
$130,633
Alternative Uses
Best Use
Multifamily LT 5
$168.0K
$147.0K – $196.0K
NOI $11,757 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$146.0K
$127.7K – $170.3K
NOI $10,219 @ 7.0% cap · market cap 4.09%
Theoretical Best
Hotel Hospitality
$12.69M
$11.10M – $14.80M
NOI $888,267 @ 7.0% cap · market cap 355.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 39056, MS
27,346
Population
11,334
Households
2.4
Avg Household Size
38
Median Age
48%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
505
Density / Sq Mi
$71,864
Median Household Income
$46,577
Median Earnings
$1,135
Median Rent
$220,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The sale includes both residences within this established duplex in Clinton.
Where is this duplex located?
The property is located at 114 Crestwood Cove Clinton, MS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Both sides of the duplex are included in the sale; 1,868 square feet across the two‑unit property; Built in 1981
