Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    409-412 Pearl Dr Pearl, MS 39208

    For Sale
    Contact for pricing

    Multi-family property with strong rental history in Pearl, MS.

    Property size:
    8,400 SF

    Property Features for 409-412 Pearl Dr

    General Information

    Size
    8,400 SF

    Building Details

    Year built
    1953

    Source: Micah McCullough, CCIM, SIOR Agent Micah McCullough, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    18-Unit Multifamily Investment Opportunity

    This multi-family property at 409-412 Pearl Drive, Pearl, MS, features 18 units across four buildings, presenting an investment opportunity in a prime location. The property consists of studio-style units with 1 bedroom and 1 bath. Buildings 409-410 were constructed in the mid-1950s, Building 411 in 1967, and Building 412 in the mid-1970s; the roof of Building 412 was replaced around 2020. Seventeen of the 18 units have been upgraded. The property is located off of Hwy 80 in Pearl, MS, approximately 1/2 mile from Pearson Road and 2 miles from I-20. It is near major shopping centers, grocery stores, dining, retailers, and the Rankin County school district. The property is self-managed, with all utilities handled by the owner. The property has no laundry hookups on-site. The property has a 94% occupancy rate and strong rental history and income potential. The property's location provides convenient access to the airport.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1320332
    Latitude
    32.2794686

    Nearby Similar for Sale

    • $161,000
      1,020 SF

      Retail/Office Condo in Pearl, MS

      Retail/office condo in Pearl/Brandon area, close to I-20.
      401 Cross Park Dr, Pearl, MS 39208
      View Details
    • $240,000
      3,344 SF

      Flex/Retail Space Near Interstate

      3,344 SF flex/retail space in high-traffic area.
      307 South Pearson Rd, Pearl, MS 39208
      View Details
    • Contact for pricing
      10,867 SF

      Freestanding Building in Pearl, MS

      10,867 SF retail building on 1.92 AC for sale.
      436 Riverwind Dr, Pearl, MS 39208
      View Details
    • Contact for pricing
      9,400 SF

      Flex Warehouse Buildings in Pearl

      Two flex warehouse buildings on 1.2 acres for sale.
      228 N Pearson Rd, Pearl, MS 39208
      View Details
    • Contact for pricing
      6,957 SF

      Pearl, MS Retail Investment Opportunity

      NNN leased investment property in Pearl, MS retail corridor.
      442 Riverwind Dr, Pearl, MS 39208
      View Details
    • $3,695,000
      26,610 SF

      Retail Space with Redevelopment Potential

      Retail property with redevelopment potential in Pearl, MS.
      422 Riverwind Dr, Pearl, MS 39208
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-family property with strong rental history in Pearl, MS.
    Where is this apartment building located?
    The property is located at 409-412 Pearl Dr Pearl, MS.
    What are key features of this property?
    This property features: - Excellent investment opportunity with strong rental history and income potential.; - Boasting a high occupancy rate of 94%.; - Convenient location near major shopping centers, grocery stores, dining, retailers, the airport and the Rankin County school district.
    (601) 720-7891
    Request Owner's contact information
    409-412 Pearl Dr Pearl, MS 39208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409-412 Pearl Dr
    Pearl, MS 39208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409-412 Pearl Dr Pearl, MS 39208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.