Waterfront
2231 E Simmons Bayou Drive, Ocean Springs, MS 39564
For Sale
$299,900
Residential, Ocean Springs, MS
Property Size1,456 SF
Lot Size0.18 Acres
Price / SF$205.98
Days on Market56
Property Features for 2231 E Simmons Bayou Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water front
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
eAgent Nexus
(228) 400-2555
Listed By:
Keri Burke · License #S50542
(228) 382-0680
Added: Sep 13
Changed: Oct 29
Last Checked: Nov 7 at 7:06AM
MLS# 4162618
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 duplex consists of two cottages with a combined 1,456 square feet, five bedrooms, and two full bathrooms. Built in 2008, the property sits on 0.18 acres and features vinyl plank flooring, central heating and air conditioning, a metal roof, and a carport with driveway parking. The refrigerator, electric range, and oven remain with the property; the washer and dryer do not convey.
The property fronts a bayou, with backyard access for launching paddleboards or kayaks and a pier where boats can tie off. Two public boat launches are accessible nearby. The Bayou Bar and Grill and the Funky Monkey are across the street.
The property fronts a bayou, with backyard access for launching paddleboards or kayaks and a pier where boats can tie off. Two public boat launches are accessible nearby. The Bayou Bar and Grill and the Funky Monkey are across the street.
Key Highlights
- Two cottages with a combined 1,456 square feet
- Five bedrooms and 2 full bathrooms
- Waterfront parcel totals 0.18 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,089
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,780
$201.8K
Cap Rate 7%
$144,129
$144.1K
Cap Rate 9%
$112,100
$112.1K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$15.6K $10.68/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$14.4K $9.90/SF
− OpEx
−$4.3K −$2.97/SF
NOI
$10.1K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,780
Cap Rate 7%
$144,129
Cap Rate 9%
$112,100
Alternative Uses
Best Use
Multifamily LT 5
$144.1K
$126.1K – $168.2K
NOI $10,089 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$125.4K
$109.8K – $146.4K
NOI $8,781 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$397.8K
$348.0K – $464.1K
NOI $27,843 @ 7.0% cap · market cap 9.28%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Jackson County, MS
Properties on Market for Duplexes in Jackson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two cottages combine five bedrooms with direct bayou access for water recreation.
Where is this duplex located?
The property is located at 2231 E Simmons Bayou Drive Ocean Springs, MS.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two cottages with a combined 1,456 square feet; Five bedrooms and 2 full bathrooms; Waterfront parcel totals 0.18 acres
