Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    624 4th S Columbus, MS 39701

    View on Map
    For Sale
    $339,000

    MULTI_FAMILY - Columbus, MS

    Property size:
    3,001 SF
    Added:
    Mar 4, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 624 4th S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport, Driveway
    Standard status
    Active
    APN
    61W160110000
    Size
    3,001 SF

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    1789

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric

    Building Details

    Number of units
    5
    Building materials
    Wood Siding, Stucco

    We can help!

    Listing Contact
    TANNER DOLAN

    Listing agent TANNER DOLAN

    Listing office SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC 3501 BLUECUTT, Columbus, MS

    Listing date Mar 4, 2026

    MLS# 26-524 Listing URL

    Copyright © 2026 Golden Triangle 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.

    Overview

    Income-Producing Multifamily Property

    This income-producing multifamily property, located at 624 4th St South in Columbus, Mississippi, features five units. The property generates a monthly income of $2,975, totaling $35,700 annually. With a property size of 3,001 square feet, it is situated in a convenient location near downtown Columbus, shopping areas, and employment centers, supporting strong rental demand. This property presents a solid investment opportunity with immediate cash flow and potential for long-term appreciation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.428781
    Latitude
    33.48912

    Nearby Similar for Sale

    • $398,000
      8,400 SF

      Commercial Building with Warehouse Space

      Income-producing commercial property with offices and warehouse in Columbus, MS.
      201 N Browder St, Columbus, MS 39702
      View Details
    • $499,900
      5,680 SF

      Turnkey Automotive Service Business

      Established automotive service business for sale in Columbus, MS.
      110 Tuscaloosa Rd, Columbus, MS 39702
      View Details
    • $319,000
      4,013 SF

      Multifamily Investment Opportunity in Columbus

      Value-add 5-unit property with income growth potential.
      622 4th S, Columbus, MS 39701
      View Details
    • $349,000
      3,237 SF

      Columbus Commercial Building For Sale

      Commercial building in good condition, suitable for office or clinic.
      2311 Martin Luther King Jr Dr, Columbus, MS 39705
      View Details
    • $379,000
      3,678 SF

      Columbus Multifamily Investment Opportunity

      Six-unit property generating $43,860 annual gross rents.
      817 College St, Columbus, MS 39701
      View Details
    • $700,000
      1,984 SF

      Turnkey Nail Spa on Highway

      Move-in ready nail spa with high visibility and traffic.
      703 Hwy 45 N, Columbus, MS 39701
      View Details
    • $525,000
      4,478 SF

      Commercial Building in Prime Location

      Commercial building with ample parking in a high-traffic area.
      2006 Hwy 45 N, Columbus, MS 39705
      View Details
    • $150,000
      2,408 SF

      Versatile Commercial Buildings in Columbus

      Two buildings suitable for retail, office, automotive, or salon use.
      804 Alabama St, Columbus, MS 39702
      View Details
    • $595,000
      7,500 SF

      Columbus Commercial Property For Sale

      7,500 sqft commercial property in Columbus, Mississippi.
      3756 Hwy 45 N, Columbus, MS 39705
      View Details
    • $99,900
      1,500 SF

      Established Retail Property For Sale

      Commercial property with potential for various business ventures.
      750 1/2 Tuscaloosa Rd, Columbus, MS 39702
      View Details
    • $595,000

      Land in Columbus, Mississippi

      Land available for sale in Columbus, Mississippi.
      Hwy 45 N, Columbus, MS 39705
      View Details
    • $250,000
      1,440 SF

      Main Street Commercial Property

      Commercial property on Main St with fenced lot and shop.
      2022 Main St, Columbus, MS 39701
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit property generating $2,975 monthly income in Columbus, MS.
    Where is this apartment building located?
    The property is located at 624 4th S Columbus, MS.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: 5‑unit multifamily property.; Generates $2,975 monthly income ($35,700 annually).; Priced at $339,000, offering immediate cash flow.
    (662) 352-4990
    We can help!
    Listing Contact
    TANNER DOLAN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!