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    Residential Income Quadplex Title is generated by Realmo AI

    111 Mable St, Hattiesburg, MS 39401

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    Claim this Listing
    For Sale
    $199,900

    MULTI_FAMILY - Hattiesburg, MS

    Property size:
    2,520 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $79/SF
    Added:
    Feb 2, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 111 Mable St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    2-029J-10-095.00
    Size
    2,520 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LT 5 BLK 1 PREV #:H0820-01-004 ROBERTSON LAMAR SUB
    Tax Annual Amount
    1064

    Utilities

    Cooling system
    Electric

    Building Details

    Year built
    1926
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Brick Veneer, Wood Siding

    We can help!

    Contact an agent
    Dalton Selby
    Dalton Selby

    Listing agent Dalton Selby License #S-55308

    Listing office RE/MAX Real Estate Partners 119 MAYFAIR RD, Hattiesburg, MS

    Listing date Feb 2, 2026

    MLS# 145694 Listing URL

    Copyright © 2026 Hattiesburg Area Association 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.

    HighLights

    • Built in 1926
    • Exterior construction includes brick veneer and wood siding
    • Laminate flooring
    • Electric cooling

    Overview

    This for-sale quadplex is a residential income property configured to provide multiple dwelling units within a total building size of 2,520 square feet. The offering sits on a 0.0768-acre lot, with the property presented as an income-focused multifamily asset.

    The property is located at 111 Mable St in Hattiesburg, Mississippi 39401, within Forrest County. The listing is positioned as a local investment opportunity for buyers looking for a compact multifamily footprint.

    For tenants and investors evaluating small-balance residential housing, a quadplex format can be a practical way to diversify unit occupancy within one property. Buyers seeking a straightforward multifamily purchase will also appreciate that the listing provides a clear total square footage and lot size, supporting early feasibility for financing, operations, and property management planning. Please note that additional details on unit mix, condition, and current tenancy are not provided in the available information.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $24.5k $9.72
    − Vacancy −$1.8k −$0.73
    EGI $22.7k $8.99
    − OpEx −$6.8k −$2.70
    NOI $15.9k $6.29
    2,520 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $226.6K
    $198.3K – $264.3K (±1% cap)
    NOI $15,860 @ 7.0% cap · market cap 7.93%
    Second Best
    Apartment 5plus
    $201.3K
    $176.2K – $234.9K (±1% cap)
    NOI $14,093 @ 7.0% cap · market cap 7.05%
    Theoretical Best
    Office A
    $414.7K
    $362.9K – $483.8K (±1% cap)
    NOI $29,030 @ 7.0% cap · market cap 14.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.29695
    Latitude
    31.331303

    FAQs

    What type of property is this?
    Quadplex - For sale quadplex offering residential income potential with 2,520 square feet on a 0.0768-acre lot in Hattiesburg.
    Where is this quadplex located?
    The property is located at 111 Mable St Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Built in 1926; Exterior construction includes brick veneer and wood siding; Laminate flooring
    More about this property
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