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Six-Unit Multifamily Property
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1024 3rd Ave N, Columbus, MS 39701

Fully occupied residential income property combining separate fourplex and duplex improvements on one parcel.

Property Size5,503 SF
Price / SF$74.23
Days on Market122

Property Features for 1024 3rd Ave N

General Information

Standard status Active
Size 5,503 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Gross Income $41,220
Multifamily Units 6

Building Details

Buildings 2
Units 6
Listing Agency: SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC
Listed By: Tanner Dolan · License #MS B-24685
Source: Crexi
Added: May 2 Changed: Aug 30 Last Checked: Aug 30 at 5:57PM

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 SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC

Investment Insights

Based on property information with market context.

This multifamily property includes six occupied units distributed between a fourplex at 1024 3rd Avenue N and a duplex at 217 11th Street N. Both improvements are included within a single parcel, creating a combined residential income asset with an established rental history. A new HVAC system is among the recent property improvements.

The property is located in Columbus, with downtown, shopping, and local amenities nearby. The offering combines the unit count and configuration of two residential buildings while retaining one-parcel ownership. The fourplex and duplex provide a straightforward structure for evaluating the existing multifamily operation.

Key Highlights

  • Six occupied multifamily units across a fourplex and duplex
  • Fourplex at 1024 3rd Ave N and duplex at 217 11th St N
  • Both buildings are included on one parcel

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Garden Center Bakery Butcher

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

892
Businesses Nearby

Demographics for 39701, MS

12,487
Population
7,012
Households
1.8
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
190.6 sq mi
ZIP Area
66
Density / Sq Mi
$28,523
Median Household Income
$29,616
Median Earnings
$849
Median Rent
$121,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Fully occupied residential income property combining separate fourplex and duplex improvements on one parcel.
Where is this multifamily property located?
The property is located at 1024 3rd Ave N Columbus, MS.
What is the asking price?
The asking price for this property is $408,500.
What are key features of this property?
This property features: Six occupied multifamily units across a fourplex and duplex; Fourplex at 1024 3rd Ave N and duplex at 217 11th St N; Both buildings are included on one parcel
More about this property
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