Two-Unit Duplex with New
For Sale
$219,000
2-15139 Deer Creek Drive, Biloxi, MS 39532
Both residences are occupied, and each has a private driveway with parking for two vehicles.
Property Size2,201 SF
Price / SF$99.50
Days on Market14
Property Features for 2-15139 Deer Creek Drive
General Information
Standard status
Active
Size
2,201 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$2,480
Listing Agency:
eAgent Solutions
(228) 364-1611
Listed By:
Liz V Corkren · License #S30322
(228) 547-2890
Source:
Exprealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 1:54AM
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
Investment Insights
Based on property information with market context.
This duplex contains two units, each with 3 bedrooms and 2 bathrooms, across 2,201 square feet. Both residences are occupied. A roof replacement was completed in 2021.
Each unit has its own driveway with space for two vehicles.
Each unit has its own driveway with space for two vehicles.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,201 square feet total
- Both units currently 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
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
12
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and each has a private driveway with parking for two vehicles.
Where is this duplex located?
The property is located at 2-15139 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 units, each with 3 bedrooms and 2 bathrooms; 2,201 square feet total; Both units currently occupied
