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Six-Unit Apartment Building with Parking
For Sale
$550,000

100 Elizabeth St, Picayune, MS 39466

Downtown multifamily property with mixed unit sizes, municipal utilities, and an adjoining parcel for tenant parking.

Property Size4,650 SF
Price / SF$118.28
Days on Market10

Property Features for 100 Elizabeth St

General Information

Standard status Active
Size 4,650 SF
Property subtype Residential Income
Zoning C-2

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 3 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $4,309

Amenities

dedicated tenant parking
Listing Agency: Real Broker, LLC.
Listed By: Amy Olson · License #S60640
Source: Exprealty
Added: Aug 3 Changed: Aug 9 Last Checked: Aug 11 at 11:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC.

Investment Insights

Based on property information with market context.

Located at 100 Elizabeth St in Picayune, Mississippi, this apartment property contains six units: three two-bedroom, one-bath apartments and three one-bedroom, one-bath apartments. The 4,650-square-foot property includes an adjoining parcel designated for tenant parking, municipal utilities, and furnishings that convey with the sale. One unit is currently vacant, while another is operated as a furnished corporate rental.

The property occupies a downtown corner location with frontage on two streets and is zoned C-2 Downtown Commercial. Rental activity has included traditional apartment leasing, corporate stays, Airbnb, VRBO, and direct bookings. The property has a documented operating history, and the furnished rental setup allows continued use of the existing furnishings after closing. It is located in Flood Zone X.

Key Highlights

  • Six‑unit apartment property with three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
  • 4,650 square feet at 100 Elizabeth St, Picayune, Mississippi
  • Downtown corner location with dual street frontage

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Big Box & Wholesale Store Cafe & Coffee Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

857
Businesses Nearby

Demographics for 39466, MS

27,897
Population
12,870
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
152.8 sq mi
ZIP Area
183
Density / Sq Mi
$50,926
Median Household Income
$32,889
Median Earnings
$907
Median Rent
$161,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Downtown multifamily property with mixed unit sizes, municipal utilities, and an adjoining parcel for tenant parking.
Where is this apartment building located?
The property is located at 100 Elizabeth St Picayune, MS.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six‑unit apartment property with three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units; 4,650 square feet at 100 Elizabeth St, Picayune, Mississippi; Downtown corner location with dual street frontage
More about this property
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