Two-Unit Duplex with
For Sale
$175,000
A-b-12193 Shorecrest Rd, Biloxi, MS 39532
Both residences are leased, with the parcel comprising approximately one acre pending survey.
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$87.50
Days on Market19
Property Features for A-b-12193 Shorecrest Rd
General Information
Standard status
Active
Size
2,000 SF
Lot size
1.00 Acre
Property subtype
Residential Income
Occupancy
100%
Financials
Gross Income
$19,200
Average Monthly Rent
$800
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,580
Building Details
Buildings
1
Listing Agency:
Epique
(888) 893-3537
Listed By:
Janice M Ferguson · License #S59571
(228) 224-1515
Source:
Exprealty
Added: Oct 4
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Biloxi duplex contains approximately 2,000 square feet across two separately configured residences. Unit A has two bedrooms, one bathroom, and a 20-foot eat-in kitchen; Unit B offers one bedroom, one bathroom, a walk-in closet, and a carport. A metal roof was installed in 2024, and each side has a mini-split system. The property is outside the FEMA high-risk flood zone according to public records, and there is no HOA.
The approximately one-acre site is to be separated from a larger 2.3-acre parcel and remains subject to survey. I-10 at the Lorraine-Cowan exit is about five minutes away. Keesler AFB and the Seabee Base are 25 minutes away; the Promenade and Crossroads are 15 minutes away. Woolmarket Elementary, Taranto's, and Woolmarket Grocery are nearby.
The approximately one-acre site is to be separated from a larger 2.3-acre parcel and remains subject to survey. I-10 at the Lorraine-Cowan exit is about five minutes away. Keesler AFB and the Seabee Base are 25 minutes away; the Promenade and Crossroads are 15 minutes away. Woolmarket Elementary, Taranto's, and Woolmarket Grocery are nearby.
Key Highlights
- Approximately 2,000 square feet across two residences
- Unit A: 2 bedrooms, 1 bathroom, and a 20‑foot eat‑in kitchen
- Unit B: 1 bedroom, 1 bathroom, walk‑in closet, and carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,587
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,740
$251.7K
Cap Rate 7%
$179,814
$179.8K
Cap Rate 9%
$139,856
$139.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.4K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.0K $8.99/SF
− OpEx
−$5.4K −$2.70/SF
NOI
$12.6K $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 Rate 5%
$251,740
Cap Rate 7%
$179,814
Cap Rate 9%
$139,856
Alternative Uses
Best Use
Multifamily LT 5
$179.8K
$157.3K – $209.8K
NOI $12,587 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$159.8K
$139.8K – $186.4K
NOI $11,185 @ 7.0% cap · market cap 6.39%
Theoretical Best
Healthcare Medical
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with the parcel comprising approximately one acre pending survey.
Where is this duplex located?
The property is located at A-b-12193 Shorecrest Rd Biloxi, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Approximately 2,000 square feet across two residences; Unit A: 2 bedrooms, 1 bathroom, and a 20‑foot eat‑in kitchen; Unit B: 1 bedroom, 1 bathroom, walk‑in closet, and carport
