Duplex Under
For Sale
$260,000
9608 Theriot Ave, Vancleave, MS 39565
Two three-bedroom units are being renovated within a separately available duplex property.
Property Size2,100 SF
Price / SF$123.81
Days on Market205
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Property Features for 9608 Theriot Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
Epique
Listed By:
Justin Britt · License #S52358
(601) 382-2201
Source:
Fiorellaavenue
Added: Mar 25
Changed: Oct 8
Last Checked: Oct 15 at 1:08AM
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 Epique
Investment Insights
Based on property information with market context.
This 2005-built duplex contains two residential units, each configured with three bedrooms and two bathrooms. The property totals 2,100 square feet and is currently vacant while renovation work is underway, with completion planned for this summer. The building includes central air and electric service, along with tile and vinyl flooring noted among the interior features.
Located at 9608 Theriot Avenue in Vancleave, the property sits north of the interstate and outside the flood zones identified in the listing information. It is offered individually and is also part of a larger group of 11 duplexes that may be acquired together or in partial groupings.
Located at 9608 Theriot Avenue in Vancleave, the property sits north of the interstate and outside the flood zones identified in the listing information. It is offered individually and is also part of a larger group of 11 duplexes that may be acquired together or in partial groupings.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,100‑square‑foot duplex built in 2005
- Renovation in progress with completion planned for this summer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,552
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,040
$291.0K
Cap Rate 7%
$207,886
$207.9K
Cap Rate 9%
$161,689
$161.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$22.4K $10.68/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$20.8K $9.90/SF
− OpEx
−$6.2K −$2.97/SF
NOI
$14.6K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,040
Cap Rate 7%
$207,886
Cap Rate 9%
$161,689
Alternative Uses
Best Use
Multifamily LT 5
$207.9K
$181.9K – $242.5K
NOI $14,552 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$180.9K
$158.3K – $211.1K
NOI $12,665 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$573.7K
$502.0K – $669.3K
NOI $40,159 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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Business Placement
Demographics for 39565, MS
19,972
Population
7,732
Households
2.6
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
274.6 sq mi
ZIP Area
73
Density / Sq Mi
$87,417
Median Household Income
$44,045
Median Earnings
$1,112
Median Rent
$204,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units are being renovated within a separately available duplex property.
Where is this duplex located?
The property is located at 9608 Theriot Ave Vancleave, MS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,100‑square‑foot duplex built in 2005; Renovation in progress with completion planned for this summer
