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    412 E Hays St Hollandale, MS 38748

    Sponsored
    For Sale
    $660,000

    MULTI_FAMILY - Hollandale, MS

    Property size:
    2,188 SF
    Lot size:
    4.30 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 21 at 3:06 am

    Property Features for 412 E Hays St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 16, Bedroom 18, Bedroom 7, Bathroom 16, Bedroom 24, Bedroom 6, Bathroom 12, Bedroom 35, Bedroom 32, Bathroom 19, Bathroom 2, Bedroom 37, Bedroom 40, Bathroom 28, Bedroom 34, Bathroom 26, Bathroom 9, Bathroom 21, Bathroom 15, Bedroom 4, Bedroom 27, Bedroom 17, Bedroom 5, Bedroom 11, Bathroom 20, Bathroom 1, Bedroom 15, Bedroom 42, Bedroom 31, Bedroom 3, Bedroom 22, Bedroom 33, Bedroom 28, Bathroom 22, Bathroom 7, Bedroom 36, Bedroom 25, Bathroom 11, Bedroom 20, Bathroom 17, Bathroom 10, Bedroom 38, Bedroom 19, Bathroom 18, Bedroom 2, Bathroom 25, Bathroom 8, Bedroom 10, Bedroom 30, Bedroom 39, Bedroom 21, Bathroom 4, Bedroom 1, Bathroom 27, Bedroom 26, Bedroom 29, Bathroom 23, Bathroom 6, Bedroom 9, Bathroom 13, Bathroom 24, Bedroom 12, Bedroom 23, Bedroom 13, Bathroom 5, Bedroom 8, Bathroom 14, Bedroom 14, Bedroom 41
    Bedrooms
    42
    Bathrooms
    28
    APN
    36500000
    Parking
    28
    Patio and Porch features
    Porch
    Size
    2,188 SF
    Lot size
    4.30 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    7
    Flooring type
    Tile
    Roof type
    Shingle

    We can help!

    Listing Contact
    Bruce E West

    Tom Smith Land and Homes (601) 454-9397 [email protected]

    Listing agent Bruce E West (662) 441-2500 License #24498

    Listing date Jan 18, 2026

    MLS# 4114800 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Hollandale Multifamily Investment Opportunity

    This multifamily property in Hollandale, MS, presents an investment opportunity with income potential. The property consists of 7 duplexes, totaling 14 units. Each unit features 3 bedrooms and 2 bathrooms, along with an open-concept den and kitchen. Each unit is equipped with an oven and refrigerator, and there is a laundry room for washer and dryer hookups. Currently, there is one vacant unit, offering the potential for 100% occupancy. The property spans 4.30 acres, providing the opportunity to add additional units for further income potential. Section 8 is available. Rent rolls are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollandale
    County
    Washington
    State
    Mississippi
    Longitude
    -90.856797
    Latitude
    33.173256

    Nearby Similar for Sale

    • $372,000
      Pending

      Furnished Commercial Property in Hollandale

      6405 sq ft commercial property suitable for various business purposes.
      401 Bailey Dr, Hollandale, MS 38748
      View Details
    • $372,000
      6,405 SF

      Hollandale Commercial Building - Great Potential

      Spacious Commercial Building, Fully Furnished
      401 Bailey Dr, Hollandale, MS 38748
      View Details

    FAQs

    What type of property is this?
    Duplex - 14-unit multifamily property with income potential on 4.3 acres.
    Where is this duplex located?
    The property is located at 412 E Hays St Hollandale, MS.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: - Excellent income potential from 7 duplexes (14 units).; - Potential for 100% occupancy.; - 4.30 acres to add additional units for further income potential.
    (662) 873-3007
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    412 E Hays St Hollandale, MS 38748
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    412 E Hays St Hollandale, MS 38748
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    We can help!
    Listing Contact
    Bruce E West
    Real Estate License ID: 24498
    (662) 873-3007
    Learn more
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