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Short-Term Rental Compound with Pool
For Sale
$690,000

128 Lee St, Biloxi, MS 39530

Three-unit compound with two furnished rental units, a saltwater pool, and a separate renovation project.

Property Size1,723 SF
Price / SF$400.46
Days on Market10

Property Features for 128 Lee St

General Information

Standard status Active
Size 1,723 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence fully gutted

Units

Unit Mix 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Amenities

private off-street parking
saltwater pool
cabana
mature tropical landscaping
legacy Live Oak

Building Details

Year Built 1987
Listing Agency: Saltwater Realty
Listed By: Shane C Kowalski · License #B24780
Source: Fiorellaavenue
Added: Sep 4 Changed: Sep 8 Last Checked: Sep 13 at 11:49AM

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 Saltwater Realty

Investment Insights

Based on property information with market context.

This 1,723-square-foot short-term rental property includes three distinct units. Unit A is a 2-bedroom, 2-bath pool house with a private saltwater pool, cabana, tropical landscaping, and off-street parking. Unit B provides a 1-bedroom, 1-bath apartment with its own entrance and balcony, along with an established short-term rental history. Unit C measures approximately 1,000 square feet and is fully gutted for renovation, allowing the next owner to rework the space as an additional rental unit or private-use area.

The property is located at 128 Lee St in Biloxi, near beaches, downtown, the harbor, casinos, restaurants, and entertainment. Built in 1987, the compound also features a mature Live Oak and separate entrances that support flexible use across the units.

Key Highlights

  • Three‑unit short‑term rental compound totaling 1,723 SF
  • Unit A: 2‑bedroom, 2‑bath pool house with private saltwater pool and cabana
  • Unit B: 1‑bedroom, 1‑bath apartment with private entrance and balcony

Property Analytics

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Current Use

Deja View Vacation ... Vacation Rental

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Garden Center Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

689
Businesses Nearby

Demographics for 39530, MS

8,392
Population
4,533
Households
1.9
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
1,865
Density / Sq Mi
$39,755
Median Household Income
$26,222
Median Earnings
$821
Median Rent
$149,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Three-unit compound with two furnished rental units, a saltwater pool, and a separate renovation project.
Where is this short term rental property located?
The property is located at 128 Lee St Biloxi, MS.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three‑unit short‑term rental compound totaling 1,723 SF; Unit A: 2‑bedroom, 2‑bath pool house with private saltwater pool and cabana; Unit B: 1‑bedroom, 1‑bath apartment with private entrance and balcony
More about this property
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