4-Unit Two-Story Multifamily
New
For Sale
$475,000
101 Via Don Ray Road, Long Beach, MS 39560
Residential Income, Long Beach, MS
Property Size5,252 SF
Lot Size0.27 Acres
Price / SF$90.44
Days on Market4
Property Features for 101 Via Don Ray Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
4
Half bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 8, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 5, Bathroom 7, Bedroom 4, Bathroom 8
Parking features
Parking Lot
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Private Yard, Rain Gutters
Fencing
Privacy
Fireplace
1
Appliances
Microwave, Refrigerator, Dishwasher, Electric Oven, Electric Range, Stainless Steel Appliance(s), Water Heater
Subdivision
L'Casa Foresta
Lot features
Fenced, Fenced
Standard status
Active
APN
0511g-01-001.015
Size
5,252 SF
Lot size
0.27 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
E 101 FT OF W 181 FT OF LOT 15 L'CASA FORESTA SUBD SEC 3-8-12
Tax Annual Amount
5164
Legal Description
E 101 FT OF W 181 FT OF LOT 15 L'CASA FORESTA SUBD SEC 3-8-12
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
granite countertops
stainless steel appliances
fireplaces
wood-look vinyl and tile flooring
walk-in closets
double vanities
in-unit laundry
fenced yards
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile, Vinyl
Roof type
Shingle
Buildings
1
Listing Agency:
Veterans Realty
(228) 864-3444
Listed By:
Mallory S Simpson · License #B24663
(228) 297-3374
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 2:06PM
MLS# 4167525
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.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Long Beach contains 5,252 square feet on a 0.27-acre lot. Built in 1985, it offers four two-story residences, each with two bedrooms and 1.5 bathrooms. Living space is downstairs, with bedrooms above. Interior features include granite countertops, stainless steel appliances, fireplaces, vinyl and tile flooring, walk-in closets, double vanities, and in-unit laundry. The property also has fenced yards, a parking lot, and a patio.
Three units are occupied by long-term tenants; the fourth is used as a short-term rental. The property is in the Long Beach School District and is outside the flood zone. Public water and sewer serve the site.
Three units are occupied by long-term tenants; the fourth is used as a short-term rental. The property is in the Long Beach School District and is outside the flood zone. Public water and sewer serve the site.
Key Highlights
- Four units, each with two bedrooms and 1.5 bathrooms
- 5,252 square feet on a 0.27‑acre lot
- Three long‑term tenant units and one short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,055
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,100
$661.1K
Cap Rate 7%
$472,214
$472.2K
Cap Rate 9%
$367,278
$367.3K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$51.0K $9.72/SF
− Vacancy
−$3.8K −$0.73/SF
EGI
$47.2K $8.99/SF
− OpEx
−$14.2K −$2.70/SF
NOI
$33.1K $6.29/SF
Area
Harrison County, MS
Vacancy
7.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,100
Cap Rate 7%
$472,214
Cap Rate 9%
$367,278
Alternative Uses
Best Use
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,055 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$419.6K
$367.1K – $489.5K
NOI $29,371 @ 7.0% cap · market cap 6.18%
Theoretical Best
Healthcare Medical
$846.1K
$740.3K – $987.1K
NOI $59,227 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
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Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three homes have long-term tenants, and the remaining residence is configured for short-term rental use.
Where is this quadplex located?
The property is located at 101 Via Don Ray Road Long Beach, MS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and 1.5 bathrooms; 5,252 square feet on a 0.27‑acre lot; Three long‑term tenant units and one short‑term rental
