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15-Unit Apartment Building Near Beach
New
For Sale
$2,260,000

183 Mc Donnell Avenue, Biloxi, MS 39531

Leased residences feature open layouts, private balconies, and stainless-steel appliances.

Property SizeContact for details
Days on Market5

Property Features for 183 Mc Donnell Avenue

General Information

Standard status Active
Property subtype Res Income Multi-fam
Listing Agency: Welcome Home Real Estate, Inc.
Listed By: Tiffany Quave · License #S57886
Source: Sunsetmississippirealty
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 13 at 11:44AM

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 Welcome Home Real Estate, Inc.

Investment Insights

Based on property information with market context.

This offering includes 15 income-producing condominiums with current leases in place. Each residence provides a two-bedroom, two-bath layout with walk-in closets, a bar area, tile finishes, stainless-steel appliances, and an open living arrangement. Balconies overlook the pool, adding an outdoor component to each unit.

The property is located at 183 Mc Donnell Avenue in Biloxi, within one block of the beach. Four of the residences are configured as short-term rentals and are being offered fully furnished. The combination of existing leases, consistent two-bedroom layouts, and furnished short-term rental units creates a varied operating profile within the offering.

Key Highlights

  • 15 condominiums offered with current leases in place
  • Each unit includes 2 bedrooms and 2 baths
  • Walk‑in closets, bar areas, tile, and stainless appliances throughout

Property Analytics

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Current Use

Sanddollar Condos Condominium Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Pharmacy Dental Office

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

Location Intelligence

Trade Area within ½ mile

437
Businesses Nearby

Demographics for 39531, MS

19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Leased residences feature open layouts, private balconies, and stainless-steel appliances.
Where is this apartment building located?
The property is located at 183 Mc Donnell Avenue Biloxi, MS.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: 15 condominiums offered with current leases in place; Each unit includes 2 bedrooms and 2 baths; Walk‑in closets, bar areas, tile, and stainless appliances throughout
More about this property
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