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Six-Unit Apartment Building
For Sale
$550,000

100 Elizabeth Street, Picayune, MS 39466

Residential Income, Picayune, MS

Property Size4,650 SF
Lot Size0.23 Acres
Price / SF$118.28
Days on Market23

Property Features for 100 Elizabeth Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Central Business District
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 6, Bedroom 8, Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 9, Bedroom 2, Bathroom 3, Bedroom 1
Parking 12
Window features Aluminum Frames
Pets allowed Call
Lot features Corner Lot, City Lot, Corner Lot, City Lot
Directions From I-59 take Exit 4 toward Picayune. Turn Left at the red light. Go down Memorial Blvd to Hwy 11. Take a right on Hwy 11. Go to Canal Street and turn left at the red light. Go over the railroad tracks and at the red light take a left on Main Street. The property is on the right on Elizabeth Street
Standard status Active
APN 6-17-5-15-001-050-3900
Size 4,650 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005
Tax Annual Amount 4309
Legal Description J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005

Utilities

Utilities Cable Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1940
Floors in Building 2
Number of units 6
Flooring type Vinyl
Roof type Rolled Hot Mop, Aluminum
Listing Agency: Real Broker, LLC.
Listed By: Amy Olson · License #S60640
Added: Aug 3 Changed: Aug 23 Last Checked: Aug 25 at 4:06AM
MLS# 4157991

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 4,650-square-foot apartment property contains six units: three two-bedroom, one-bath apartments and three one-bedroom, one-bath apartments. Built in 1940, the building features vinyl flooring, public water, public sewer, and rolled hot mop and aluminum roofing. The sale includes furnishings associated with an existing furnished corporate rental operation.

The property occupies 0.23 acres at 100 Elizabeth Street in downtown Picayune, Mississippi, with frontage on two streets and an adjoining parcel designated for tenant parking. It is located in Flood Zone X and carries C-2 Downtown Commercial zoning. All units are fully leased, and the furnished rental has operated through Airbnb, VRBO, direct bookings, and corporate stays.

Key Highlights

  • Six‑unit property with three 2‑bedroom, 1‑bath apartments and three 1‑bedroom, 1‑bath apartments
  • 4,650 square feet on 0.23 acres
  • All units are fully leased

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Big Box & Wholesale Store Cafe & Coffee Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

901
Businesses Nearby

Demographics for 39466, MS

27,897
Population
12,870
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
152.8 sq mi
ZIP Area
183
Density / Sq Mi
$50,926
Median Household Income
$32,889
Median Earnings
$907
Median Rent
$161,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - C-2 Downtown Commercial zoning and municipal utilities serve the property.
Where is this apartment building located?
The property is located at 100 Elizabeth Street Picayune, MS.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six‑unit property with three 2‑bedroom, 1‑bath apartments and three 1‑bedroom, 1‑bath apartments; 4,650 square feet on 0.23 acres; All units are fully leased
More about this property
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