Multifamily
For Sale
$219,000
15139 Deer Creek Drive #2, Biloxi, MS 39540
Constructed in 2005, this property offers a multifamily asset in D’Iberville.
Property Size2,201 SF
Price / SF$99.50
Days on Market16
Property Features for 15139 Deer Creek Drive #2
General Information
Standard status
Active
Size
2,201 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
eAgent Solutions
Listed By:
Liz Corkren · License #mgc.corkee
(228) 547-2890
Source:
Cdgroupusa
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 16 at 6:19AM
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 eAgent Solutions
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Investment Insights
Based on property information with market context.
This 2,201-square-foot multifamily property was built in 2005. It is located on Deer Creek Drive in D’Iberville, Mississippi.
Key Highlights
- 2,201‑square‑foot multifamily property
- Built in 2005
- Located at 15139 Deer Creek Drive #A&B in D'Iberville, MS 39540
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,309
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,180
$246.2K
Cap Rate 7%
$175,843
$175.8K
Cap Rate 9%
$136,767
$136.8K
Market Conditions
NOI Build-Up for 2,201 SF
Gross rent
$24.3K $11.04/SF
− Vacancy
−$1.9K −$0.87/SF
EGI
$22.4K $10.17/SF
− OpEx
−$10.1K −$4.58/SF
NOI
$12.3K $5.59/SF
Area
Harrison County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,180
Cap Rate 7%
$175,843
Cap Rate 9%
$136,767
Alternative Uses
Best Use
Apartment 5plus
$175.8K
$153.9K – $205.2K
NOI $12,309 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$354.6K
$310.3K – $413.7K
NOI $24,821 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Constructed in 2005, this property offers a multifamily asset in D’Iberville.
Where is this multifamily property located?
The property is located at 15139 Deer Creek Drive #2 Biloxi, MS.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 2,201‑square‑foot multifamily property; Built in 2005; Located at 15139 Deer Creek Drive #A&B in D'Iberville, MS 39540
