Six-Unit Downtown Apartment
New
For Sale
$550,000
100 Elizabeth Street, Picayune, MS 39466
COMMERCIAL - Picayune, MS
Property Size4,650 SF
Lot Size0.23 Acres
Price / SF$118.28
Days on Market4
Property Features for 100 Elizabeth Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 9, Bathroom 5, Bedroom 1, Bathroom 6, Bedroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 8, Bedroom 5, Bathroom 4
Lot features
Corner Lot, City Lot, Corner Lot, City Lot
Directions
From I-59 take Exit 4 toward Picayune. Turn Left at the red light. Go down Memorial Blvd to Hwy 11. Take a right on Hwy 11. Go to Canal Street and turn left at the red light. Go over the railroad tracks and at the red light take a left on Main Street. The property is on the right on Elizabeth Street
Standard status
Active
APN
6-17-5-15-001-050-3900
Size
4,650 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005
Tax Annual Amount
4309
Legal Description
J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Listing Agency:
Real Broker, LLC.
(228) 471-5211
Listed By:
Amy Olson · License #S60640
(228) 596-9916
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 4 at 10:06AM
MLS# 4157803
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.
Investment Insights
Based on property information with market context.
Located at 100 Elizabeth Street in downtown Picayune, this 4,650-square-foot apartment building contains six units: three two-bedroom, one-bath apartments and three one-bedroom, one-bath apartments. Built in 1940, the property sits on 0.23 acres at a corner with frontage on two streets. An adjoining parcel provides dedicated tenant parking, while public water and public sewer serve the property. The site is zoned C-2 Downtown Commercial and lies in Flood Zone X.
The property has an established operating history with income from traditional apartment rentals and an existing furnished corporate rental. That furnished unit has been used for Airbnb, VRBO, direct bookings, and corporate stays, and its furnishings convey with the sale. One unit is currently vacant, providing a defined lease-up opportunity. Restaurants, retail, and local businesses are located in the downtown setting.
The property has an established operating history with income from traditional apartment rentals and an existing furnished corporate rental. That furnished unit has been used for Airbnb, VRBO, direct bookings, and corporate stays, and its furnishings convey with the sale. One unit is currently vacant, providing a defined lease-up opportunity. Restaurants, retail, and local businesses are located in the downtown setting.
Key Highlights
- Six‑unit apartment property with three two‑bedroom and three one‑bedroom units
- 4,650 square feet on 0.23 acres; constructed in 1940
- Corner location with dual street frontage and an adjoining parking parcel
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed unit layouts support traditional leasing and an existing furnished corporate rental operation.
Where is this apartment building located?
The property is located at 100 Elizabeth Street 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 two‑bedroom and three one‑bedroom units; 4,650 square feet on 0.23 acres; constructed in 1940; Corner location with dual street frontage and an adjoining parking parcel
