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Multifamily Property
For Sale
$135,000

111 E Gresham Street, Indianola, MS 38751

MULTI_FAMILY - Indianola, MS

Property Size1,445 SF
Lot Size0.43 Acres
Price / SF$93.43
Days on Market168

Property Features for 111 E Gresham Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Laundry Room
Subdivision Metes And Bounds
Elementary school district Sunflower Cty Cons
Middle school district Sunflower Cty Cons
High school district Sunflower Cty Cons
Standard status Active
APN 119l-31-00-191.00
Size 1,445 SF
Lot size 0.43 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT LOT 8 (90X210) - BLK 1 - SMITH'S BOGGESS FIELD OR * 4TH ADD INDIANOLA * PB 1/19 * OLD PCL:3119L0001700 10000900
Tax Annual Amount 959
Legal Description PT LOT 8 (90X210) - BLK 1 - SMITH'S BOGGESS FIELD OR * 4TH ADD INDIANOLA * PB 1/19 * OLD PCL:3119L0001700 10000900

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1965
Floors in Building 1
Roof type Shingle
Listing Agency: Tom Smith Land & Homes
Listed By: Diamond D Spiller · License #S-60388
Added: Feb 12 Changed: Jul 24 Last Checked: Jul 30 at 6:06PM
MLS# 4138980

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.

This for-sale multifamily property is located at 111 E Gresham Street in Indianola, Mississippi. The offering includes approximately 1,445 square feet of residential income/multifamily space, situated on a 0.43-acre lot.

The property is listed in Sunflower County (postal code 38751). While specific unit mix, bedroom/bath details, and interior condition are not provided here, the building size and site acreage offer a straightforward baseline for due diligence on layout and tenant-readiness.

Interested parties should verify all operating details, including the current configuration and any income or expense information, during their review of the property materials.

Key Highlights

  • Built in 1965
  • Public water supply
  • Public sewer

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 38751, MS

10,682
Population
4,383
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
81%
High-School Grad
163.0 sq mi
ZIP Area
66
Density / Sq Mi
$42,965
Median Household Income
$31,478
Median Earnings
$760
Median Rent
$126,200
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 - For sale multifamily property with approximately 1,445 square feet on a 0.43-acre lot in Indianola, MS.
Where is this multifamily property located?
The property is located at 111 E Gresham Street Indianola, MS.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Built in 1965; Public water supply; Public sewer
More about this property
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