Furnished Townhome
For Sale
$355,000
255 Benachi Avenue Unit A&B, Biloxi, MS 39530
Paired residences feature two-bedroom layouts, with one side currently rented.
Property Size2,016 SF
Price / SF$176.09
Days on Market343
Property Features for 255 Benachi Avenue Unit A&B
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$2,213
Amenities
Public Sewer
Two
Central Air
Forced Air
Carpet, Vinyl
Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer/Dryer
Public
2
4
In Kitchen
Ceiling Fan(s), High Speed Internet
3.00
2.20
See Remarks
No
Lighting
Pilings/Steel/Wood
Wood Siding
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Welcome Home Real Estate, Inc.
(435) 496-0606
Listed By:
April P Cook · License #B23605
(435) 496-0606
Source:
Compass
Added: Sep 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:44PM
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.
Built in 2009, this furnished duplex contains two townhome-style residences, each configured with 2 bedrooms and 1.5 baths. Interior features include central air, forced-air heating, carpet and vinyl flooring, and kitchens equipped with a dishwasher, disposal, microwave, range, and refrigerator. A washer and dryer are also included, and the property has public sewer.
Located at 255 Benachi Avenue, Unit A&B, in Biloxi, Mississippi, the duplex sits just outside the Division Street gate. Side B is currently rented. The property is not currently permitted for short-term rental use, although a request could be made for that use.
Located at 255 Benachi Avenue, Unit A&B, in Biloxi, Mississippi, the duplex sits just outside the Division Street gate. Side B is currently rented. The property is not currently permitted for short-term rental use, although a request could be made for that use.
Key Highlights
- Two townhome‑style residences, each with 2 bedrooms and 1.5 baths
- Furnished duplex built in 2009
- Side B is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.57%
Second Best
Apartment 5plus
$161.1K
$140.9K – $187.9K
NOI $11,274 @ 7.0% cap · market cap 3.18%
Theoretical Best
Healthcare Medical
$324.8K
$284.2K – $378.9K
NOI $22,734 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Paired residences feature two-bedroom layouts, with one side currently rented.
Where is this duplex located?
The property is located at 255 Benachi Avenue Unit A&B Biloxi, MS.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Two townhome‑style residences, each with 2 bedrooms and 1.5 baths; Furnished duplex built in 2009; Side B is currently rented
