Duplex with Mirrored
For Sale
$273,000
5347-5351 Quail Creek Circle, Diberville, MS 39540
Two matching residences are occupied under leases running through December 31, 2026.
Property Size2,342 SF
Price / SF$116.57
Days on Market31
Property Features for 5347-5351 Quail Creek Circle
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker Smith Home Rltrs-Os
(228) 697-5479
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 29 at 4:11PM
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 Coldwell Banker Smith Home Rltrs-Os
Investment Insights
Based on property information with market context.
This duplex contains two matching residences, each arranged with three bedrooms and two bathrooms. The mirrored floor plans create a consistent configuration across both sides, and each unit is currently leased through December 31, 2026. Constructed in 2006, the property is located at 5347-5351 Quail Creek Circle in D'Iberville, Mississippi.
The property sits near the Promenade Mall area, with access to shopping, dining, and entertainment. Major roadways connect the site with Gulfport, Biloxi, Ocean Springs, Pascagoula, and Moss Point. The leased status, uniform layouts, and established location provide a straightforward duplex configuration for residential income ownership.
The property sits near the Promenade Mall area, with access to shopping, dining, and entertainment. Major roadways connect the site with Gulfport, Biloxi, Ocean Springs, Pascagoula, and Moss Point. The leased status, uniform layouts, and established location provide a straightforward duplex configuration for residential income ownership.
Key Highlights
- Two matching 3‑bedroom, 2‑bath residences
- Both units leased through December 31, 2026
- Constructed in 2006
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
$14,740
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
5.40%
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%
$294,800
$294.8K
Cap Rate 7%
$210,571
$210.6K
Cap Rate 9%
$163,778
$163.8K
Market Conditions
NOI Build-Up for 2,342 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
$22.8K $9.72/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$21.1K $8.99/SF
− OpEx
−$6.3K −$2.70/SF
NOI
$14.7K $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%
$294,800
Cap Rate 7%
$210,571
Cap Rate 9%
$163,778
Alternative Uses
Best Use
Multifamily LT 5
$210.6K
$184.3K – $245.7K
NOI $14,740 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,097 @ 7.0% cap · market cap 4.80%
Theoretical Best
Healthcare Medical
$377.3K
$330.1K – $440.2K
NOI $26,411 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
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 - Two matching residences are occupied under leases running through December 31, 2026.
Where is this duplex located?
The property is located at 5347-5351 Quail Creek Circle Diberville, MS.
What is the asking price?
The asking price for this property is $273,000.
What are key features of this property?
This property features: Two matching 3‑bedroom, 2‑bath residences; Both units leased through December 31, 2026; Constructed in 2006
