Tenant-Occupied Duplex with Separate
2401 Esplanade Street lot A & B Ocean Springs, MS 39564
New
2401 Esplanade Street lot A & B, Ocean Springs, MS, 39564
$255,000
For Sale
$255,000
MULTI_FAMILY - Ocean Springs, MS
Property Size2,500 SF
Lot Size0.11 Acres
Price / SF$102
Days on Market3
Property Features for 2401 Esplanade Street lot A & B
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
- Parking
- 4
- Patio and Porch features
- Porch
- Pool private
- 1
- Standard status
- Active
- APN
- 0-61-30-128.000
- Size
- 2,500 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 128 ORLEANS PLACE PH I PB 23-71 DB 1952-816 (207 MAP783.08)
- Tax Annual Amount
- 1957
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2010
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
Listing Agency
Century 21 Busch Realty Group
(228) 324-1715
1716 26th Ave, Gulfport, MS
Listed by
Carl Watson · License #S51291
(228) 231-3866
Added: Jul 18 Checked: Jul 20 at 10:06 am
MLS# 4156344
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious, separately metered units, each with its own electric and water service. Unit A occupies the upper level and includes a private balcony, while Unit B provides convenient ground-level access with a front porch. Both units have washer and dryer hookups, and the washer and dryer in Unit A will convey with the sale. The duplex is currently tenant-occupied, supporting immediate rental income.
The property is situated directly across from the neighborhood pool and has the additional open feel and privacy of no neighboring property on one side, due to an adjacent vacant lot. HOA dues are the owner’s responsibility.
Each unit includes three bedrooms and two full bathrooms. The listing is described as a turnkey investment opportunity with an assumable FHA loan at 3.7% subject to lender approval and buyer qualification.
The property is situated directly across from the neighborhood pool and has the additional open feel and privacy of no neighboring property on one side, due to an adjacent vacant lot. HOA dues are the owner’s responsibility.
Each unit includes three bedrooms and two full bathrooms. The listing is described as a turnkey investment opportunity with an assumable FHA loan at 3.7% subject to lender approval and buyer qualification.
Key Highlights
- Duplex built in 2010 with 2 units, each with 3 bedrooms and 2 full bathrooms and 1,250 SF of living space
- Both units are currently tenant‑occupied for immediate rental income; Unit A has a private balcony and Unit B has ground‑level front porch access
- Private pool on site; property sits directly across from the neighborhood pool and has an adjacent vacant lot for added side privacy
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 | $26.7k | $10.68 |
| − Vacancy | −$2.0k | −$0.78 |
| EGI | $24.7k | $9.90 |
| − OpEx | −$7.4k | −$2.97 |
| NOI | $17.3k | $6.93 |
2,500 SF · lease $10.68/SF/yr · vacancy 7.31% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.7K
NOI $17,324 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$215.4K
$188.5K – $251.3K
NOI $15,077 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$683.0K
$597.6K – $796.8K
NOI $47,808 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two tenant-occupied units, separate electric and water metering, and porch or balcony features.
Where is this duplex located?
The property is located at 2401 Esplanade Street lot A & B Ocean Springs, MS.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Duplex built in 2010 with 2 units, each with 3 bedrooms and 2 full bathrooms and 1,250 SF of living space; Both units are currently tenant‑occupied for immediate rental income; Unit A has a private balcony and Unit B has ground‑level front porch access; Private pool on site; property sits directly across from the neighborhood pool and has an adjacent vacant lot for added side privacy
