2116 Magazine Street lot A & B Ocean Springs, MS 39564
MULTI_FAMILY - Ocean Springs, MS
Property Features for 2116 Magazine Street lot A & B
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 6
- 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
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Investment Insights
Based on property information with market context.
The property is located near the interstate, downtown, shopping, restaurants, and entertainment, providing convenient access to everyday destinations. Because the units are tenant occupied, all showings require a minimum 24-hour notice.
For buyers or investors seeking a turn-key, income-producing setup, the current tenancy provides immediate occupancy. Each side is described as renting for $1,500 per month. Tenants pay HOA fees in addition to rent and are also responsible for lawn care, which may help reduce owner expenses related to exterior maintenance. With spacious interiors and functional floor plans on both sides, the property offers a practical basis for continued rental use under the existing tenant-occupied operating model.
Key Highlights
- Fully occupied duplex/townhome with strong rental income
- Each side has 3 bedrooms and 3 full bathrooms
- Each side rents for $1,500 per month; tenants pay HOA fees in addition to rent
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 |
