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    1012 Trice St Shannon, MS 38868

    For Sale
    $220,000

    Multi-Family - Shannon, MS

    Type:Multi Family
    Property size:
    3,000 SF
    Lot size:
    0.50 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1012 Trice St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    Residential
    Size
    3,000 SF
    Lot size
    0.50 Acres

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    Rachel Ray Real Estate (662) 598-2023 [email protected]

    Listing agent Austin Swords (662) 598-2023 License #S-59855

    Listing date Sep 11, 2025

    MLS# 25-903 Listing URL

    Copyright © 2025 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shannon, MS Multi-Family Property

    This multi-family property in Shannon, Mississippi, features four rental units, identified as 1012 A, B, and C, and 1014 Trice Street. All units are currently under lease agreements. The property is zoned for residential use and includes quadplexes and residential income properties. The lot size is approximately 0.5 acres. The total property size is 3000 square feet.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Auto Repair Shop Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shannon
    County
    Lee
    State
    Mississippi
    Longitude
    -88.684802
    Latitude
    34.118119

    Nearby Similar for Sale

    • $165,000
      4,340 SF

      Multi-Family Property in Shannon, MS

      Multi-family property featuring three units under lease agreement.
      1006 Trice St, Shannon, MS 38868
      View Details
    • $950,000
      43,000 SF

      Industrial Warehouse in Shannon, MS

      43,000 SF industrial warehouse available for sale.
      103 Green Dr, Shannon, MS
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    • $950,000
      43,000 SF

      Shannon, MS Industrial Warehouse

      43,000 SF Warehouse - Excellent Location
      103 Ella Ave, Shannon, MS 38868
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    FAQs

    What type of property is this?
    Quadplex - Four-unit residential income property in Shannon, Mississippi, all currently leased.
    Where is this quadplex located?
    The property is located at 1012 Trice St Shannon, MS.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Four rental units included in the sale; - All units are currently under lease agreements; - Income sheet available in documents
    (662) 598-2023
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    1012 Trice St Shannon, MS 38868
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1012 Trice St Shannon, MS 38868
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