Two-Unit
For Sale
$219,000
15139 Deer Creek Drive lot 2, Biloxi, MS 39532
Residential Income, Biloxi, MS
Property Size2,201 SF
Lot Size0.21 Acres
Price / SF$99.50
Days on Market13
Property Features for 15139 Deer Creek Drive lot 2
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4
Parking
4
Parking features
Driveway
Appliances
Range
Subdivision
Indian Creek
Lot features
Level, Level
Directions
1-10 take the Woolmarket exit and go North on Shriners BLVD, cross HWY 67 and continue on Lamey Bridge Rd, turn left on Deer Creek Drive, property is located on the left side on street.
Standard status
Active
APN
1306-19-010.013
Size
2,201 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 INDIAN CREEK SUBD SEC 19-6-9
Tax Annual Amount
2480
Legal Description
LOT 11 INDIAN CREEK SUBD SEC 19-6-9
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Flooring type
Carpet
Roof type
Shingle
Listing Agency:
eAgent Solutions
(228) 364-1611
Listed By:
Liz V Corkren · License #S30322
(228) 547-2890
Added: Oct 1
Changed: Oct 12
Last Checked: Oct 13 at 6:06AM
MLS# 4164273
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.
Built in 2005, this duplex contains two residences with a combined 2,201 square feet on a 0.21-acre lot. Each unit has three bedrooms and two bathrooms, along with central heating and central air conditioning. A shingle roof was installed in 2021.
Both units are occupied. Each has its own driveway with space for two vehicles. The property is served by public water and public sewer.
Both units are occupied. Each has its own driveway with space for two vehicles. The property is served by public water and public sewer.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,201 square feet of building area on a 0.21‑acre lot
- Both residences are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,852
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,040
$277.0K
Cap Rate 7%
$197,886
$197.9K
Cap Rate 9%
$153,911
$153.9K
Market Conditions
NOI Build-Up for 2,201 SF
Gross rent
$21.4K $9.72/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$19.8K $8.99/SF
− OpEx
−$5.9K −$2.70/SF
NOI
$13.9K $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%
$277,040
Cap Rate 7%
$197,886
Cap Rate 9%
$153,911
Alternative Uses
Best Use
Multifamily LT 5
$197.9K
$173.2K – $230.9K
NOI $13,852 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$175.8K
$153.9K – $205.2K
NOI $12,309 @ 7.0% cap · market cap 5.62%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
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 - Both residences are occupied and include private driveways with parking for two vehicles apiece.
Where is this duplex located?
The property is located at 15139 Deer Creek Drive lot 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: Two units, each with 3 bedrooms and 2 bathrooms; 2,201 square feet of building area on a 0.21‑acre lot; Both residences are occupied
