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Mixed Duplex and Fourplex Investment
For Sale
$399,999

1024 3rd Avenue N, Columbus, MS 39701

MULTI_FAMILY - Columbus, MS

Property Size5,503 SF
Price / SF$72.69
Days on Market95

Property Features for 1024 3rd Avenue N

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision 03 - North Columbus
Standard status Active
APN 61W100113100
Size 5,503 SF

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5527

Utilities

Heating system Central, Natural Gas
Cooling system Central Air, Gas (Cooling)

Building Details

Number of units 6
Building materials Wood Siding
Listing Agency: SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC · Sotheby's International Realty
Listed By: TANNER DOLAN
Added: Apr 27 Changed: Jul 29 Last Checked: Jul 30 at 4:06PM
MLS# 26-968

Copyright © 2026 Golden Triangle Association of Realtors. 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.

This fully occupied six-unit residential income property combines a fourplex and a duplex on one parcel. The offering includes the fourplex at 1024 3rd Ave North and the duplex at 217 11th St North. The property is currently generating rental income and includes recent improvements with a new HVAC system.

Located in Columbus, MS, the asset is described as being close to downtown, shopping, and local amenities.

With all units occupied and HVAC improvements completed, the property is presented as an income-producing investment with existing in-place occupancy.

Key Highlights

  • Fully occupied 6‑unit multi‑family on one parcel: fourplex at 1024 3rd Ave North and duplex at 217 11th St North
  • Current rental income of $4,230/month with pro‑forma rent of $4,450/month
  • Recent improvements include a new HVAC system to help reduce future maintenance needs

Property Analytics

Current Use

Apartment buildings

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?
Apartment building - Six units on one parcel, fully occupied, with recent HVAC improvements and current monthly rental income.
Where is this apartment building located?
The property is located at 1024 3rd Avenue N Columbus, MS.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Fully occupied 6‑unit multi‑family on one parcel: fourplex at 1024 3rd Ave North and duplex at 217 11th St North; Current rental income of $4,230/month with pro‑forma rent of $4,450/month; Recent improvements include a new HVAC system to help reduce future maintenance needs
More about this property
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