Furnished
For Sale
$345,000
255 Benachi Ave, Biloxi, MS 39530
Two attached townhome units offer furnished accommodations, with one side currently occupied by a tenant.
Property Size2,016 SF
Price / SF$171.13
Days on Market85
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Property Features for 255 Benachi Ave
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
2009
Listing Agency:
Welcome Home Real Estate, Inc.
Listed By:
April P Cook · License #B23605
(801) 326-8800
Source:
Fiorellaavenue
Added: Jul 23
Changed: Sep 14
Last Checked: Oct 7 at 1:53PM
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 Welcome Home Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 255 Benachi Avenue in Biloxi, this furnished duplex contains two attached townhome units. Each side has 2 bedrooms and 1.5 bathrooms, providing a consistent layout across the property. Side B is currently rented.
The property sits just outside the Division Street gate. Short-term rental use is not currently permitted, although a request may be made for approval. The furnished setup and existing two-unit configuration support flexible residential use, subject to applicable approvals.
The property sits just outside the Division Street gate. Short-term rental use is not currently permitted, although a request may be made for approval. The furnished setup and existing two-unit configuration support flexible residential use, subject to applicable approvals.
Key Highlights
- Two‑unit duplex with matching townhome layouts
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Furnished property at 255 Benachi Avenue, Biloxi, MS 39530
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,688
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,760
$253.8K
Cap Rate 7%
$181,257
$181.3K
Cap Rate 9%
$140,978
$141.0K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$19.6K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.1K $8.99/SF
− OpEx
−$5.4K −$2.70/SF
NOI
$12.7K $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%
$253,760
Cap Rate 7%
$181,257
Cap Rate 9%
$140,978
Alternative Uses
Best Use
Multifamily LT 5
$181.3K
$158.6K – $211.5K
NOI $12,688 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$161.1K
$140.9K – $187.9K
NOI $11,274 @ 7.0% cap · market cap 3.27%
Theoretical Best
Healthcare Medical
$324.8K
$284.2K – $378.9K
NOI $22,734 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
Business Placement
Demographics for 39530, MS
8,392
Population
4,533
Households
1.9
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
1,865
Density / Sq Mi
$39,755
Median Household Income
$26,222
Median Earnings
$821
Median Rent
$149,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached townhome units offer furnished accommodations, with one side currently occupied by a tenant.
Where is this duplex located?
The property is located at 255 Benachi Ave Biloxi, MS.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with matching townhome layouts; Each unit includes 2 bedrooms and 1.5 bathrooms; Furnished property at 255 Benachi Avenue, Biloxi, MS 39530
