24-Unit Apartment
For Sale
$2,600,000
15269 Highway 613, Lucedale, MS 39452
A 2025 renovation, on-site laundry, and tenant-paid utilities support an occupied multifamily operation.
Property Size20,800 SF
Lot Size2.00 Acres
Price / SF$125
Days on Market10
Property Features for 15269 Highway 613
General Information
Standard status
Active
Size
20,800 SF
Lot size
2.00 Acres
Property subtype
Commercial
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
Building Details
Building Size
20,800 SF
Year Built
1986
Year Renovated
2025
Listing Agency:
Better Homes & Gardens RE Trad
(228) 285-7335
Listed By:
Janie L Grice · License #S49561
(601) 508-5322
Source:
Briggspropertiesonline
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:36AM
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 & Gardens RE Trad
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Retreat at Midtown is a 24-unit apartment property on approximately 2 acres. A renovation completed in 2025 extended to the stud walls. The unit mix comprises 16 two-bedroom apartments and 8 one-bedroom apartments. An on-site laundry facility provides an additional source of income, and each apartment has dedicated parking. Tenants pay all utilities.
The property is within Lucedale city limits and has city water and sewer service. Shopping, hospitals, and downtown Lucedale are minutes away. The property is reported as fully occupied and carries a 7.49% cap rate.
The property is within Lucedale city limits and has city water and sewer service. Shopping, hospitals, and downtown Lucedale are minutes away. The property is reported as fully occupied and carries a 7.49% cap rate.
Key Highlights
- 24 apartments across approximately 2 acres
- Renovation completed in 2025, down to the stud walls
- Unit mix: 16 two‑bedroom apartments and 8 one‑bedroom apartments
Property Analytics
Lease Details
24
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
137
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
Frequently Asked Questions
What type of property is this?
Apartment building - A 2025 renovation, on-site laundry, and tenant-paid utilities support an occupied multifamily operation.
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 apartments across approximately 2 acres; Renovation completed in 2025, down to the stud walls; Unit mix: 16 two‑bedroom apartments and 8 one‑bedroom apartments
