Duplex Property with Newer
New
For Sale
$150,000
5515 Quail Creek Circle, Diberville, MS 39540
Residential, D'Iberville, MS
Property Size1,100 SF
Lot Size0.08 Acres
Price / SF$136.36
Days on Market1
Property Features for 5515 Quail Creek Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Parking
2
Patio and Porch features
Patio
Subdivision
Quail Creek
Lot features
Fenced, Fenced
High school
D'Iberville
Directions
I-10, go North on Hwy 15, make left onto Lamey Bridge Road, make right onto Janus, make right onto Quail Creek Circle
Standard status
Active
APN
1306-19-010.050
Size
1,100 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 QUAIL CREEK SUBD SEC 19-6-9
Tax Annual Amount
1240
Legal Description
LOT 11 QUAIL CREEK SUBD SEC 19-6-9
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Carpet, Tile - Ceramic, Laminate
Roof type
Shingle
Listing Agency:
Weichert Realtors Gulf Properties
(228) 400-4853
Listed By:
Virginia Gammon · License #S-61397
(985) 718-8334
Added: Sep 8
Last Checked: Sep 8 at 6:06PM
MLS# 4161738
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.
Investment Insights
Based on property information with market context.
This duplex property at 5515 Quail Creek Circle contains 1,100 square feet on a 0.08-acre lot. The layout includes three bedrooms and two bathrooms, with carpet, ceramic tile, and laminate flooring throughout. A patio provides outdoor space, while the shingle roof is identified as newer. Built in 2007, the property is being offered in its present AS-IS condition.
Public water and public sewer serve the property. The D'Iberville location is described as being near shopping, dining, schools, and entertainment. The property is classified as a residential income opportunity and may suit an investor or buyer seeking a duplex asset.
Public water and public sewer serve the property. The D'Iberville location is described as being near shopping, dining, schools, and entertainment. The property is classified as a residential income opportunity and may suit an investor or buyer seeking a duplex asset.
Key Highlights
- Duplex property with 1,100 square feet of building area
- Three bedrooms and two bathrooms
- 0.08‑acre lot in D'Iberville, MS
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
$6,923
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
4.62%
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%
$138,460
$138.5K
Cap Rate 7%
$98,900
$98.9K
Cap Rate 9%
$76,922
$76.9K
Market Conditions
NOI Build-Up for 1,100 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
$10.7K $9.72/SF
− Vacancy
−$802 −$0.73/SF
EGI
$9.9K $8.99/SF
− OpEx
−$3.0K −$2.70/SF
NOI
$6.9K $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%
$138,460
Cap Rate 7%
$98,900
Cap Rate 9%
$76,922
Alternative Uses
Best Use
Multifamily LT 5
$98.9K
$86.5K – $115.4K
NOI $6,923 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$87.9K
$76.9K – $102.5K
NOI $6,152 @ 7.0% cap · market cap 4.10%
Theoretical Best
Healthcare Medical
$177.2K
$155.1K – $206.8K
NOI $12,405 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Three-bedroom property with public water, public sewer, patio space, and convenient access to shopping, dining, schools, and entertainment.
Where is this duplex located?
The property is located at 5515 Quail Creek Circle Diberville, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Duplex property with 1,100 square feet of building area; Three bedrooms and two bathrooms; 0.08‑acre lot in D'Iberville, MS
