Well-Maintained 4-Unit
101 5th Avenue Southeast Magee, MS 39111
101 5th Avenue Southeast, Magee, MS, 39111
$349,900
Pending
For Sale
$349,900
Pending
Four well-maintained units are currently occupied, generating rental income and featuring dedicated parking for residents.
Property Size3,294 SF
Days on Market31
Property Features for 101 5th Avenue Southeast
General Information
- Standard status
- Pending
- Size
- 3,294 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing agency
E Speed Realty
(601) 273-2180
Listed by
Kimberly D Walker · License #S49526
(601) 273-2180
Source
Compass
Added: Jun 21 Updated: Jul 21 at 3:33PM Checked: Jul 21 at 3:33PM
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 E Speed Realty
Investment Insights
Based on property information with market context.
This for-sale four-unit multifamily property is described as well maintained and currently 100% occupied. The exterior includes a durable metal roof and low-maintenance features intended to help keep ownership expenses manageable. Each of the four units offers functional living space and dedicated parking, with easy access for residents.
The property is located in Magee, with the public remarks indicating it is adjacent to Magee schools and close to shopping, dining, and everyday amenities. The listing notes consistent rental demand and a solid tenant history.
As presented, this is a turnkey income-producing four-plex opportunity with all units occupied at the time of the listing.
The property is located in Magee, with the public remarks indicating it is adjacent to Magee schools and close to shopping, dining, and everyday amenities. The listing notes consistent rental demand and a solid tenant history.
As presented, this is a turnkey income-producing four-plex opportunity with all units occupied at the time of the listing.
Key Highlights
- Four‑unit multifamily property with 100% occupancy
- Gross monthly rental income of approximately $2,900
- Central heating and electric cooling; public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $10.20 |
| − Vacancy | −$2.6k | −$0.79 |
| EGI | $31.0k | $9.41 |
| − OpEx | −$9.3k | −$2.82 |
| NOI | $21.7k | $6.59 |
3,294 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.1K
$271.4K – $361.8K
NOI $21,708 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$289.5K
$253.3K – $337.7K
NOI $20,262 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four well-maintained units are currently occupied, generating rental income and featuring dedicated parking for residents.
Where is this quadplex located?
The property is located at 101 5th Avenue Southeast Magee, MS.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four‑unit multifamily property with 100% occupancy; Gross monthly rental income of approximately $2,900; Central heating and electric cooling; public water and public sewer
