Duplex in Clinton,
For Sale
$250,000
114 Crestwood Cove, Clinton, MS 39056
MULTI_FAMILY - Clinton, MS
Property Size1,868 SF
Lot Size0.50 Acres
Price / SF$133.83
Days on Market93
Property Features for 114 Crestwood Cove
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2
Parking
2
Subdivision
Crestwood Place
Elementary school
Clinton Park Elm
Middle school
Clinton
High school
Clinton
Standard status
Active
APN
2860-859-13 And 2860-859-26
Size
1,868 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See attached
Tax Annual Amount
2765
Legal Description
See attached
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Linoleum, Laminate
Roof type
Shingle
Listing Agency:
Century 21 David Stevens · Century 21 Real Estate
(601) 924-7552
Listed By:
Jackie L Dalton · License #S47985
(601) 594-5344
Added: May 7
Changed: Jul 24
Last Checked: Aug 7 at 7:06AM
MLS# 4148589
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.
A duplex property featuring two units is available for purchase in Clinton, Mississippi. The property is situated on a 0.5-acre lot. The combined size of both units totals 1868 square feet. This multifamily property is located in Hinds County.
Key Highlights
- Duplex for sale with both sides included in the price
- Year built: 1981
- Flooring includes laminate and linoleum
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
$11,757
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
4.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex property for sale in Clinton, Mississippi.
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: Duplex for sale with both sides included in the price; Year built: 1981; Flooring includes laminate and linoleum
