Occupied Two-Unit
For Sale
$219,000
15139 Deer Creek Drive, Biloxi, MS 39532
Residential Income, Biloxi, MS
Property Size2,201 SF
Lot Size0.21 Acres
Price / SF$99.50
Days on Market29
Property Features for 15139 Deer Creek Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 1
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
Additional Details
Tenant in Place
Yes
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 27
Last Checked: Oct 29 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,201-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. Both units are occupied. The property was built in 2005 and received a shingle roof in 2021.
Set on a 0.21-acre parcel, the building has a separate driveway for each residence, with parking for two vehicles at each. Public water and sewer serve the property.
Set on a 0.21-acre parcel, the building has a separate driveway for each residence, with parking for two vehicles at each. Public water and sewer serve the property.
Key Highlights
- Two occupied residences, each with 3 bedrooms and 2 bathrooms
- 2,201‑square‑foot building on a 0.21‑acre parcel
- Separate driveway parking for two vehicles per unit
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and have separate driveways with dedicated parking.
Where is this duplex located?
The property is located at 15139 Deer Creek Drive 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 occupied residences, each with 3 bedrooms and 2 bathrooms; 2,201‑square‑foot building on a 0.21‑acre parcel; Separate driveway parking for two vehicles per unit
