Remodeled 24-Unit Apartment
For Sale
Contact for pricing
15269 Highway 613, Lucedale, MS 39452
Renovated multifamily property with dedicated parking, on-site laundry, and city water and sewer service.
Property Size20,800 SF
Lot Size2.00 Acres
Price / SF$125
Days on Market9
Property Features for 15269 Highway 613
General Information
Standard status
Active
Size
20,800 SF
Lot size
2.00 Acres
Property subtype
Special Purpose
Occupancy
100%
Units
Unit Mix
16 x 2BR, 8 x 1BR
Multifamily Units
24
Additional Details
Cap Rate
7.49%
Utilities to Site
Yes
Amenities
on-site laundry mat
dedicated parking
Building Details
Year Built
1986
Year Renovated
2025
Listing Agency:
Better Homes and Gardens Real Estate Traditions
(601) 508-5322
Listed By:
Janie Grice · License #MS
Source:
Crexi
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 9 at 12:32PM
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 Better Homes and Gardens Real Estate Traditions
Investment Insights
Based on property information with market context.
This 24-unit apartment property contains 20,800 square feet and was renovated in 2025, including work to the stud walls. The unit mix includes 16 two-bedroom apartments and 8 one-bedroom apartments, with dedicated parking for each residence. An on-site laundry facility provides an additional property feature, while tenants pay all utilities.
The property occupies approximately 2 acres within the city limits of Lucedale and is served by city water and sewer. Shopping, hospitals, and downtown Lucedale are described as minutes away. Reported occupancy is 100%, and the property has a 7.49% cap rate.
The property occupies approximately 2 acres within the city limits of Lucedale and is served by city water and sewer. Shopping, hospitals, and downtown Lucedale are described as minutes away. Reported occupancy is 100%, and the property has a 7.49% cap rate.
Key Highlights
- 24‑unit apartment property with 20,800 square feet
- Renovated in 2025, including work to the stud walls
- Unit mix includes 16 two‑bedroom and 8 one‑bedroom apartments
Property Analytics
Current Use
Lease Details
24
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 39452, MS
28,668
Population
12,267
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
89%
High-School Grad
535.2 sq mi
ZIP Area
54
Density / Sq Mi
$57,300
Median Household Income
$41,831
Median Earnings
$867
Median Rent
$166,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with dedicated parking, on-site laundry, and city water and sewer service.
Where is this apartment building located?
The property is located at 15269 Highway 613 Lucedale, MS.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 24‑unit apartment property with 20,800 square feet; Renovated in 2025, including work to the stud walls; Unit mix includes 16 two‑bedroom and 8 one‑bedroom apartments
