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    502 Dorsett Dr Indianola, MS 38751

    For Sale
    $1,375,000

    MULTI_FAMILY - Indianola, MS

    Lot size:
    1.20 Acres
    Days on Market:
    118
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 502 Dorsett Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 26, Bedroom 17, Bedroom 13, Bedroom 3, Bedroom 22, Bathroom 12, Bathroom 13, Bathroom 2, Bedroom 39, Bedroom 2, Bathroom 4, Bedroom 40, Bedroom 9, Bedroom 25, Bathroom 14, Bathroom 3, Bedroom 29, Bathroom 5, Bedroom 23, Bedroom 11, Bedroom 20, Bedroom 24, Bedroom 31, Bedroom 33, Bedroom 18, Bedroom 21, Bedroom 32, Bedroom 35, Bathroom 1, Bathroom 16, Bathroom 17, Bedroom 27, Bathroom 22, Bedroom 1, Bathroom 20, Bathroom 18, Bathroom 24, Bedroom 15, Bedroom 8, Bedroom 34, Bathroom 9, Bathroom 7, Bathroom 21, Bathroom 8, Bedroom 28, Bedroom 30, Bathroom 10, Bedroom 7, Bedroom 36, Bathroom 23, Bathroom 15, Bedroom 10, Bedroom 19, Bedroom 5, Bedroom 16, Bedroom 6, Bathroom 19, Bathroom 11, Bedroom 38, Bedroom 4, Bedroom 37, Bathroom 6, Bedroom 12, Bedroom 14
    Bedrooms
    40
    Bathrooms
    24
    APN
    119g-29-00-023
    Lot size
    1.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Number of units
    24
    Roof type
    Metal

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

    Listing agent Emerson Lovelace (662) 441-2500 License #S49193

    Listing date Aug 19, 2025

    Copyright © 2025 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.

    Overview

    Renovated Apartment Complex in Indianola

    This 24-unit apartment complex, located at Oak Manor in Indianola, MS, features two buildings, each containing four one-bedroom units and eight two-bedroom units. The property has been recently renovated down to the studs, offering amenities such as stainless steel appliances, granite, and concrete countertops, new walls, tile floors, and new HVAC equipment. Situated in the heart of the Delta, this complex is positioned to address the high demand for rental units in Indianola, where quality supply is limited. The property is located on a 1.2-acre lot.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.641695
    Latitude
    33.460906

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment complex with modern amenities in high-demand area.
    Where is this apartment building located?
    The property is located at 502 Dorsett Dr Indianola, MS.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - High demand for rental units in Indianola with a limited supply of quality properties; - **Recently renovated down to the studs, ensuring modern and updated units**; - 24-unit apartment complex with a mix of one and two-bedroom units
    (662) 441-2500
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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
    502 Dorsett Dr Indianola, MS 38751
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