Duplex with Fenced
For Sale
$154,000
Pending
121 Fairfax Circle lot B, Brandon, MS 39047
Residential, Brandon, MS
Property Size942 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 121 Fairfax Circle lot B
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking
2
Window features
Aluminum Frames
Subdivision
Northwoods
Elementary school
Highland Bluff Elm
Middle school
Northwest
High school
Northwest
Elementary school district
Rankin CO Dist
Middle school district
Rankin CO Dist
High school district
Rankin CO Dist
Directions
From Spillway Rd, turn onto Shenandoah Rd N. At stop sign, turn left on Bent Creek Rd. Keep going straight on Fairfax Cir. Property will be around corner on left.
Standard status
Pending
APN
H11p-000010-01691
Size
942 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH PART OF LOT 169 NORTHWOODS S/D PART 4
Tax Annual Amount
1278
HOA Fee
$210 Semi-Annually
Legal Description
SOUTH PART OF LOT 169 NORTHWOODS S/D PART 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
fully fenced backyard
Building Details
Year built
1983
Floors in Building
1
Flooring type
Laminate
Roof type
Shingle
Listing Agency:
Merck Team Realty, Inc.
(601) 919-8326
Listed By:
Karen Collins · License #S50388
(601) 919-8326
Added: Jul 10
Changed: Aug 23
Last Checked: Aug 25 at 4:06AM
MLS# 4155477
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.
This duplex property offers 942 square feet with two bedrooms and a split bathroom arrangement. Separate sink and toilet rooms serve the primary bedroom and guests, while a shared, centrally positioned shower connects the layout. Recent improvements include kitchen cabinets, appliances with a built-in microwave, ceiling fans, vanity lighting, toilets, and fresh interior paint. Laminate flooring and a shingle roof complete the existing improvements.
The 0.11-acre property includes a fully fenced backyard, supporting outdoor use, gardening, entertaining, or secure pet space. Front access is provided, with two parking pads and rear alley access. Public water and public sewer serve the property, and cable is available. Built in 1983, the property is located in Brandon, Mississippi, within Rankin County.
The 0.11-acre property includes a fully fenced backyard, supporting outdoor use, gardening, entertaining, or secure pet space. Front access is provided, with two parking pads and rear alley access. Public water and public sewer serve the property, and cable is available. Built in 1983, the property is located in Brandon, Mississippi, within Rankin County.
Key Highlights
- 942‑square‑foot duplex with two bedrooms
- Updated kitchen cabinets, appliances, and built‑in microwave
- Split bathroom layout with separate sink and toilet rooms
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
$6,587
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
4.28%
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%
$131,740
$131.7K
Cap Rate 7%
$94,100
$94.1K
Cap Rate 9%
$73,189
$73.2K
Market Conditions
NOI Build-Up for 942 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
$10.2K $10.80/SF
− Vacancy
−$763 −$0.81/SF
EGI
$9.4K $9.99/SF
− OpEx
−$2.8K −$3.00/SF
NOI
$6.6K $6.99/SF
Area
Rankin County, MS
Vacancy
7.50%
Lease Rate
$10.80 /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%
$131,740
Cap Rate 7%
$94,100
Cap Rate 9%
$73,189
Alternative Uses
Best Use
Multifamily LT 5
$94.1K
$82.3K – $109.8K
NOI $6,587 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$83.4K
$73.0K – $97.4K
NOI $5,841 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$258.4K
$226.1K – $301.4K
NOI $18,086 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 39047, MS
39,191
Population
16,706
Households
2.3
Avg Household Size
39
Median Age
45%
College-Educated
93%
High-School Grad
96.9 sq mi
ZIP Area
404
Density / Sq Mi
$93,114
Median Household Income
$52,928
Median Earnings
$1,491
Median Rent
$265,300
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 - Refreshed duplex with updated finishes, split bathroom layout, private outdoor space, and front and rear access.
Where is this duplex located?
The property is located at 121 Fairfax Circle lot B Brandon, MS.
What is the asking price?
The asking price for this property is $154,000.
What are key features of this property?
This property features: 942‑square‑foot duplex with two bedrooms; Updated kitchen cabinets, appliances, and built‑in microwave; Split bathroom layout with separate sink and toilet rooms
