Duplex
111 Mable St., Hattiesburg, MS 39401
For Sale
$182,500
Two-unit residential income property with an established building profile.
Property Size2,520 SF
Price / SF$72.42
Days on Market67
Property Features for 111 Mable St.
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Tenancy
Listing Agency:
Century 21 Alliance
Listed By:
TAD Real Estate Agency
(601) 336-9097
Source:
Tad
Added: Sep 4
Changed: Nov 8
Last Checked: Nov 8 at 6:10AM
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 Century 21 Alliance
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Investment Insights
Based on property information with market context.
This duplex property comprises 2,520 square feet and was constructed in 1926. Its two-unit configuration supports residential income use within an established building.
The property is located at 111 Mable St. in Hattiesburg, Mississippi, with a 39401 ZIP code. No additional physical improvements, unit layouts, or operating details are provided.
The property is located at 111 Mable St. in Hattiesburg, Mississippi, with a 39401 ZIP code. No additional physical improvements, unit layouts, or operating details are provided.
Key Highlights
- Duplex configuration
- 2,520 square feet
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,860
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,200
$317.2K
Cap Rate 7%
$226,571
$226.6K
Cap Rate 9%
$176,222
$176.2K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$24.5K $9.72/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$22.7K $8.99/SF
− OpEx
−$6.8K −$2.70/SF
NOI
$15.9K $6.29/SF
Area
Forrest 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%
$317,200
Cap Rate 7%
$226,571
Cap Rate 9%
$176,222
Alternative Uses
Best Use
Multifamily LT 5
$226.6K
$198.3K – $264.3K
NOI $15,860 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$201.3K
$176.2K – $234.9K
NOI $14,093 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$414.7K
$362.9K – $483.8K
NOI $29,030 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
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Business Placement
Demographics for 39401, MS
43,183
Population
20,232
Households
2.1
Avg Household Size
32
Median Age
28%
College-Educated
89%
High-School Grad
188.9 sq mi
ZIP Area
229
Density / Sq Mi
$40,287
Median Household Income
$25,697
Median Earnings
$932
Median Rent
$120,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with an established building profile.
Where is this duplex located?
The property is located at 111 Mable St. Hattiesburg, MS.
What is the asking price?
The asking price for this property is $182,500.
What are key features of this property?
This property features: Duplex configuration; 2,520 square feet; Built in 1926
