Two-Unit
New
For Sale
$175,000
12193 Shorecrest Rd, Biloxi, MS 39532
The units have distinct layouts, with a walk-in closet and carport in one residence.
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$87.50
Days on Market5
Property Features for 12193 Shorecrest Rd
General Information
Standard status
Active
Size
2,000 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$19,200
Average Monthly Rent
$800
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
J. Neal Olive Real Estate
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 12:09PM
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 J. Neal Olive Real Estate
Investment Insights
Based on property information with market context.
This duplex contains approximately 2,000 square feet across two residences. Unit A has 2 bedrooms, 1 bathroom, and a 20-foot eat-in kitchen; Unit B has 1 bedroom, 1 bathroom, a walk-in closet, and a carport. Both units have mini-split systems, and the metal roof was installed in 2024.
The property is on approximately 1 acre within Biloxi city limits, with the acreage to be separated from a 2.3-acre parcel subject to survey. It is outside the FEMA high-risk flood zone according to public records, and there is no HOA. I-10 at the Lorraine-Cowan exit is about 5 minutes away; Keesler AFB and the Seabee Base are about 25 minutes away, while the Promenade and Crossroads are about 15 minutes away. Woolmarket Elementary, Taranto's, and Woolmarket Grocery are nearby.
The property is on approximately 1 acre within Biloxi city limits, with the acreage to be separated from a 2.3-acre parcel subject to survey. It is outside the FEMA high-risk flood zone according to public records, and there is no HOA. I-10 at the Lorraine-Cowan exit is about 5 minutes away; Keesler AFB and the Seabee Base are about 25 minutes away, while the Promenade and Crossroads are about 15 minutes away. Woolmarket Elementary, Taranto's, and Woolmarket Grocery are nearby.
Key Highlights
- Approximately 2,000 sq ft total, per county records
- Unit A: 2 bed, 1 bath, with a 20‑ft eat‑in kitchen
- Unit B: 1 bed, 1 bath, with a walk‑in closet and carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,587
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,740
$251.7K
Cap Rate 7%
$179,814
$179.8K
Cap Rate 9%
$139,856
$139.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.4K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.0K $8.99/SF
− OpEx
−$5.4K −$2.70/SF
NOI
$12.6K $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 Rate 5%
$251,740
Cap Rate 7%
$179,814
Cap Rate 9%
$139,856
Alternative Uses
Best Use
Multifamily LT 5
$179.8K
$157.3K – $209.8K
NOI $12,587 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$159.8K
$139.8K – $186.4K
NOI $11,185 @ 7.0% cap · market cap 6.39%
Theoretical Best
Healthcare Medical
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
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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?
Duplex - The units have distinct layouts, with a walk-in closet and carport in one residence.
Where is this duplex located?
The property is located at 12193 Shorecrest Rd Biloxi, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Approximately 2,000 sq ft total, per county records; Unit A: 2 bed, 1 bath, with a 20‑ft eat‑in kitchen; Unit B: 1 bed, 1 bath, with a walk‑in closet and carport
