Furnished Duplex
For Sale
$355,000
265 Benachi Avenue, Biloxi, MS 39530
Both residential units are included in the sale and furnished.
Property Size2,016 SF
Days on Market190
Property Features for 265 Benachi Avenue
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Building Size
2,016 SF
Year Built
2009
Stories
2
Units
2
Listing Agency:
Welcome Home Real Estate, Inc.
(228) 460-3210
Listed By:
April P Cook · License #B23605
(228) 460-3210
Source:
Jdanielrealtysells
Added: Feb 2
Changed: Aug 9
Last Checked: Aug 11 at 1:39PM
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 duplex includes both residential units in the sale, with furnishings in place throughout the property. The two-sided configuration supports continued rental use while also allowing an owner to occupy one unit and rent the other. The property is located at 265 Benachi Avenue in Biloxi, Mississippi, immediately outside a gate and positioned for the military-rental use described in the listing.
Key Highlights
- Both sides of the duplex are included in the sale
- Furnished residential units
- Built in 2009
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
723
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are included in the sale and furnished.
Where is this duplex located?
The property is located at 265 Benachi Avenue 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: Both sides of the duplex are included in the sale; Furnished residential units; Built in 2009
