Ocean Springs Duplex
2116 Magazine Street lot A & B, Ocean Springs, MS 39564
MULTI_FAMILY - Ocean Springs, MS
Property size:
2,970 SFLot size:
0.10 AcresPrice / SF:
$103/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 30 at 11:06 am
Property Features for 2116 Magazine Street lot A & B
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 5, Bedroom 1
- Parking
- 4
- Patio and Porch features
- Porch
- Pool private
- 1
- Standard status
- Active
- APN
- 0-61-30-075.000
- Size
- 2,970 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 75 ORLEANS PLACE PH I PB 23-71 (260 MAP783.08) DB 1765-490
- Tax Annual Amount
- 2341
Utilities
- Sewer type
- Public Sewer
- Water source
- Private
Building Details
- Year built
- 2009
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet
- Roof type
- Shingle
Listing agent Jodi S Busch License #B20940 (228) 669-0211
Listing office Century 21 Busch Realty Group 1716 26th Ave, Gulfport, MS (228) 324-1715
Listing date May 22, 2026
MLS# 4150558
Listing URL
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.
HighLights
- Fully occupied duplex/townhome providing immediate rental income.
- Each unit features 3 bedrooms and 3 full bathrooms with a spacious layout.
- Convenient location near the interstate, downtown, shopping, restaurants, and entertainment.
- Strong rental income potential with each side renting for $1,500 per month.
- Tenants pay HOA fees and are responsible for lawn care, reducing owner expenses.
- Built in 2009.
Overview
This fully occupied duplex/townhome property in Ocean Springs, MS, presents an excellent investment opportunity with strong rental income. Each unit features three bedrooms and three full bathrooms, with an open, roomy layout designed for comfortable living. The property is conveniently located near the interstate, downtown, shopping, restaurants, and entertainment, offering an ideal location for tenants. Each side currently rents for $1,500 per month, providing immediate income potential. Tenants are responsible for lawn care, helping reduce owner expenses. The property, situated on a 0.1-acre lot, has a total size of 2970 square feet. Tenants pay HOA fees in addition to rent. The property is tenant occupied and requires a minimum 24-hour notice for all showings.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $10.68 |
| − Vacancy | −$2.3k | −$0.78 |
| EGI | $29.4k | $9.90 |
| − OpEx | −$8.8k | −$2.97 |
| NOI | $20.6k | $6.93 |
2,970 SF · lease $10.68/SF/yr · vacancy 7.31% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.3K – $343.0K
NOI $20,581 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$255.9K
$223.9K – $298.5K
NOI $17,912 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Ocean Springs
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.814342
- Latitude
- 30.449396
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully occupied duplex near amenities, offering strong rental income.
Where is this duplex located?
The property is located at 2116 Magazine Street lot A & B Ocean Springs, MS.
What is the asking price?
The asking price for this property is $306,000.
What are key features of this property?
This property features: Fully occupied duplex/townhome providing immediate rental income.; Each unit features 3 bedrooms and 3 full bathrooms with a spacious layout.; Convenient location near the interstate, downtown, shopping, restaurants, and entertainment.
