Three-Unit Multifamily
New
For Sale
$249,000
257 Reynoir Street, Biloxi, MS 39530
Residential, Biloxi, MS
Property Size1,944 SF
Lot Size0.11 Acres
Price / SF$128.09
Days on Market1
Property Features for 257 Reynoir Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
On Street
Subdivision
Metes And Bounds
Standard status
Active
APN
1410f-06-096.000
Size
1,944 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 570 FT S OF INTER OF S MAR OF DIVISION ST & W MAR OF REYNOIR ST W 84 FT S 61 FT E 84 FT TO RD N ALONG RD 61 FT TO POB BEING BOUNDED ON N BY KANTZELL E BY REYNOIR ST S BY HUSLEY W BY JOHNSON PART OF SEC BLK 134 CITY OF BILOXI PART OF FRAC SEC 27-7 -9
Tax Annual Amount
1470
Legal Description
BEG 570 FT S OF INTER OF S MAR OF DIVISION ST & W MAR OF REYNOIR ST W 84 FT S 61 FT E 84 FT TO RD N ALONG RD 61 FT TO POB BEING BOUNDED ON N BY KANTZELL E BY REYNOIR ST S BY HUSLEY W BY JOHNSON PART OF SEC BLK 134 CITY OF BILOXI PART OF FRAC SEC 27-7 -9
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
high ceilings
front porch
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Roof type
Shingle
Listing Agency:
Owen & Co., LLC
(228) 822-9870
Listed By:
Tiffany J Dymond · License #B22656
(228) 669-1767
Added: Oct 30
Last Checked: Oct 30 at 10:06PM
MLS# 4167025
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 Biloxi multifamily property consists of a renovated duplex and a separate cottage behind it. The duplex has two one-bedroom, one-bath units, while the cottage contains two bedrooms and one bath. The property encompasses 1,944 square feet on a 0.11-acre lot and dates to 1930.
Central heating and air conditioning, tile flooring, public water, and public sewer serve the property. Parking is on street. The location is described as near the beach, dining, and entertainment in Biloxi.
Central heating and air conditioning, tile flooring, public water, and public sewer serve the property. Parking is on street. The location is described as near the beach, dining, and entertainment in Biloxi.
Key Highlights
- Three rental units: two one‑bedroom, one‑bath apartments and a two‑bedroom, one‑bath cottage
- Renovated duplex with a separate rear cottage
- 1,944 square feet on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,871
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,420
$217.4K
Cap Rate 7%
$155,300
$155.3K
Cap Rate 9%
$120,789
$120.8K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$21.5K $11.04/SF
− Vacancy
−$1.7K −$0.87/SF
EGI
$19.8K $10.17/SF
− OpEx
−$8.9K −$4.58/SF
NOI
$10.9K $5.59/SF
Area
Harrison County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,420
Cap Rate 7%
$155,300
Cap Rate 9%
$120,789
Alternative Uses
Best Use
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,871 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$313.2K
$274.0K – $365.4K
NOI $21,922 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes a renovated duplex and a separate rear cottage with a two-bedroom layout.
Where is this multifamily property located?
The property is located at 257 Reynoir Street Biloxi, MS.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Three rental units: two one‑bedroom, one‑bath apartments and a two‑bedroom, one‑bath cottage; Renovated duplex with a separate rear cottage; 1,944 square feet on a 0.11‑acre lot
