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Four-Unit Apartment Property
For Sale
$350,000
Pending

10200 Hwy 491, Collinsville, MS 39325

Commercial & Indust, Collinsville, MS

Property SizeContact for details
Lot Size8.00 Acres
Days on Market528

Property Features for 10200 Hwy 491

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Neshoba County
Standard status Pending
APN 14200-36-012.001
Lot size 8.00 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2532

Utilities

Heating system Heat Pump (Heating), Electric (Heating), Hot Water(Heating)

Amenities

utility room with washer and dryer
Listing Agency: Stinson Realty
Listed By: Gordon Adkins · License #S-60912
Added: Apr 2, 2025 Changed: Sep 7 Last Checked: Sep 11 at 6:06AM
MLS# 25-244

Copyright © 2026 East Mississippi Realtors. 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 quadplex contains four apartment units, each configured with two bedrooms and one bathroom. A utility room at the end of the property provides shared washer and dryer access for tenants. The property is currently fully occupied, and the owner pays the utilities. Heating is provided through heat pump, electric, and hot water systems.

The complex is situated on an 8-acre parcel at 10200 Hwy 491 in Collinsville, with access described from Highway 19 South and Highway 491. The four-unit layout and shared laundry area create a straightforward residential income property configuration.

Key Highlights

  • Four apartment units, each with 2 bedrooms and 1 bathroom
  • Currently at full occupancy
  • Shared utility room with tenant washer and dryer access

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store Food Market

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 39325, MS

6,029
Population
2,474
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
106.7 sq mi
ZIP Area
57
Density / Sq Mi
$85,077
Median Household Income
$47,151
Median Earnings
$988
Median Rent
$181,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Quadplex - Fully occupied apartment complex with two-bedroom units and shared laundry facilities.
Where is this quadplex located?
The property is located at 10200 Hwy 491 Collinsville, MS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four apartment units, each with 2 bedrooms and 1 bathroom; Currently at full occupancy; Shared utility room with tenant washer and dryer access
More about this property
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