Four-Plex Multifamily
For Sale
$79,000
Pending
640 S Magnolia, Laurel, MS 39440
MULTI_FAMILY - LAUREL, MS
Property Size3,651 SF
Days on Market209
Property Features for 640 S Magnolia
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 5, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 3
Elementary school
Laurel City School District
Middle school
Laurel Middle School
High school
LAUREL
Subdivision
Laurel City
Standard status
Pending
Size
3,651 SF
Utilities
Heating system
Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1935
Number of units
4
Listing Agency:
Vines Realty
(601) 261-3236
Listed By:
Heather Vines
(601) 463-0008
Added: Jan 15
Changed: Aug 3
Last Checked: Aug 12 at 7:06PM
MLS# 37342
Copyright © 2026 Laurel Board 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.
Investment Insights
Based on property information with market context.
This four-plex multifamily building features a unit mix including one 4/2, two 2/1s, and two 1/1s. The property is 3,651 SF and was built in 1935. Heating is radiant and cooling is provided by window unit(s).
Recent exterior and systems updates include a new roof installed in 2021 and plumbing updates completed in 2024. The property needs work and is being sold as-is, with potential eligibility for 203k renovation financing.
The interior configuration includes multiple bedrooms across the units, and the property contains a total of eight bedrooms listed in the room count. Buyers should review condition details as part of underwriting for an as-is purchase.
Recent exterior and systems updates include a new roof installed in 2021 and plumbing updates completed in 2024. The property needs work and is being sold as-is, with potential eligibility for 203k renovation financing.
The interior configuration includes multiple bedrooms across the units, and the property contains a total of eight bedrooms listed in the room count. Buyers should review condition details as part of underwriting for an as-is purchase.
Key Highlights
- One 4/2 plus two 2/1s and two 1/1s
- New roof installed in 2021
- Plumbing updates completed in 2024
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 39440, MS
19,759
Population
9,035
Households
2.2
Avg Household Size
35
Median Age
20%
College-Educated
86%
High-School Grad
17.7 sq mi
ZIP Area
1,116
Density / Sq Mi
$38,687
Median Household Income
$30,246
Median Earnings
$856
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four-plex in Laurel, MS with one 4/2 plus two 2/1s and two 1/1s, radiant heat and window-unit cooling.
Where is this multifamily property located?
The property is located at 640 S Magnolia Laurel, MS.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: One 4/2 plus two 2/1s and two 1/1s; New roof installed in 2021; Plumbing updates completed in 2024
