Duplex with Metal
New
For Sale
$175,000
12193 Shorecrest Road lot A B, Biloxi, MS 39532
Residential Income, Biloxi, MS
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$87.50
Days on Market5
Property Features for 12193 Shorecrest Road lot A B
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway, Carport
Subdivision
Metes And Bounds
Elementary school
North Woolmarket
Middle school
North Woolmarket Middle School
High school
D'Iberville
Directions
I-10 to Exit 38 (Lorraine Rd/MS-605). Head south on Lorraine Rd approximately 2 miles. Turn left onto Shorecrest Rd. Continue approximately 0.7 miles. Property is on the right.
Standard status
Active
APN
1108e-01-017.000 Split Pending
Size
2,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF 2.3 AC (C) BEG 660 FT S OF NW COR OF SW1/4 OF SEC 4 E 312 FT TO W MAROF SHORECREST RD SLY ALONG RD 328 FT W 312 FT TO SEC LINE N ALONG SECLINE 328 FT TO POB PART OF NW1/4 OFSW1/4 OF SEC 4-7-10. SUBJECT TO SURVEY.
Tax Annual Amount
2580
Legal Description
PART OF 2.3 AC (C) BEG 660 FT S OF NW COR OF SW1/4 OF SEC 4 E 312 FT TO W MAROF SHORECREST RD SLY ALONG RD 328 FT W 312 FT TO SEC LINE N ALONG SECLINE 328 FT TO POB PART OF NW1/4 OFSW1/4 OF SEC 4-7-10. SUBJECT TO SURVEY.
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Window Unit(s), Electric, Multi Units, Ductless
Water source
Well
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Roof type
Metal
Listing Agency:
Epique
(888) 893-3537
Listed By:
Janice M Ferguson · License #S59571
(228) 224-1515
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 7 at 6:06AM
MLS# 4164506
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 contains approximately 2,000 square feet across two units. One residence has two bedrooms, one bathroom, and a 20-foot eat-in kitchen; the other has one bedroom, one 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 served by a well and septic system and includes driveway parking.
The approximately 1-acre site is within Biloxi city limits in the Woolmarket area. The acreage is to be separated from a larger parcel, subject to survey. I-10 at the Lorraine-Cowan exit is about five minutes away; Keesler AFB and the Seabee Base are about 25 minutes away. The Promenade and Crossroads are about 15 minutes away. Public records place the property outside the FEMA high-risk flood zone.
The approximately 1-acre site is within Biloxi city limits in the Woolmarket area. The acreage is to be separated from a larger parcel, subject to survey. I-10 at the Lorraine-Cowan exit is about five minutes away; Keesler AFB and the Seabee Base are about 25 minutes away. The Promenade and Crossroads are about 15 minutes away. Public records place the property outside the FEMA high-risk flood zone.
Key Highlights
- Duplex totaling approximately 2,000 square feet
- Approximately 1 acre, to be divided from a larger parcel subject to survey
- Unit A: 2 bedrooms, 1 bathroom, and a 20‑foot eat‑in kitchen
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
Explore this area
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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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?
Duplex - Two occupied residences offer distinct bedroom configurations, including one unit with a carport.
Where is this duplex located?
The property is located at 12193 Shorecrest Road lot A B 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: Duplex totaling approximately 2,000 square feet; Approximately 1 acre, to be divided from a larger parcel subject to survey; Unit A: 2 bedrooms, 1 bathroom, and a 20‑foot eat‑in kitchen
