Fully Leased 4-Plex Income
111 Mable St Hattiesburg, MS 39401
111 Mable St, Hattiesburg, MS, 39401
$199,900
For Sale
$199,900
MULTI_FAMILY - Hattiesburg, MS
Property Size2,520 SF
Lot Size0.08 Acres
Price / SF$79.33
Days on Market166
Property Features for 111 Mable St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 2-029J-10-095.00
- Size
- 2,520 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LT 5 BLK 1 PREV #:H0820-01-004 ROBERTSON LAMAR SUB
- Tax Annual Amount
- 1064
Utilities
- Cooling system
- Electric
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Brick Veneer, Wood Siding
Listing Agency
RE/MAX Real Estate Partners
(601) 296-2001
119 MAYFAIR RD, Hattiesburg, MS
Listed by
Dalton Selby · License #S-55308
(256) 698-0845
Added: Feb 2 Checked: Jul 18 at 10:06 pm
MLS# 145694
Listing URL
Copyright © 2026 Hattiesburg Area 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.
Located at 111 Mable St in Hattiesburg, this fully leased 4-plex consists of four occupied residential units. The property is presented as ready to generate income from day one, with no lease-up period required based on the current occupancy.
The offering notes proximity to downtown Hattiesburg and major employers, along with access to medical facilities, dining, and shopping, all cited as factors that can help support stable occupancy.
This is a residential income property within Forrest County and is listed for sale with a lot size of 0.0768 acres and building size of 2,520 square feet. Buyer and buyer’s agent are instructed to verify all information.
The offering notes proximity to downtown Hattiesburg and major employers, along with access to medical facilities, dining, and shopping, all cited as factors that can help support stable occupancy.
This is a residential income property within Forrest County and is listed for sale with a lot size of 0.0768 acres and building size of 2,520 square feet. Buyer and buyer’s agent are instructed to verify all information.
Key Highlights
- Fully leased 4‑plex with all four units currently occupied
- Construction materials include brick veneer and wood siding
- Laminate flooring throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $9.72 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $22.7k | $8.99 |
| − OpEx | −$6.8k | −$2.70 |
| NOI | $15.9k | $6.29 |
2,520 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.6K
$198.3K – $264.3K
NOI $15,860 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$201.3K
$176.2K – $234.9K
NOI $14,093 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$414.7K
$362.9K – $483.8K
NOI $29,030 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully leased 4-plex at 111 Mable St with four occupied units providing residential income in Hattiesburg, MS.
Where is this quadplex located?
The property is located at 111 Mable St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Fully leased 4‑plex with all four units currently occupied; Construction materials include brick veneer and wood siding; Laminate flooring throughout
