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24-Unit Apartment Complex

15269 Highway 613, Lucedale, MS 39452

For Sale
$2,600,000

Commercial Sale, Lucedale, MS

Property Size20,800 SF
Lot Size2.00 Acres
Price / SF$125
Days on Market105

Property Features for 15269 Highway 613

General Information

Property type Commercial Sale
Property subtype Apartment
Bedrooms 40
Bathrooms 24
Full bathrooms 24
Rooms Bedroom 17, Bathroom 6, Bedroom 24, Bedroom 14, Bedroom 19, Bedroom 11, Bedroom 15, Bedroom 7, Bedroom 10, Bedroom 6, Bedroom 26, Bedroom 28, Bathroom 15, Bedroom 40, Bedroom 8, Bathroom 8, Bedroom 34, Bathroom 18, Bedroom 25, Bedroom 29, Bedroom 33, Bathroom 16, Bathroom 12, Bathroom 21, Bedroom 30, Bedroom 35, Bathroom 14, Bedroom 22, Bathroom 23, Bathroom 4, Bathroom 24, Bedroom 2, Bedroom 13, Bedroom 18, Bathroom 3, Bathroom 5, Bedroom 20, Bedroom 36, Bedroom 4, Bathroom 17, Bathroom 9, Bedroom 12, Bedroom 32, Bedroom 31, Bedroom 38, Bathroom 22, Bedroom 1, Bathroom 11, Bedroom 23, Bedroom 27, Bedroom 9, Bathroom 2, Bedroom 16, Bedroom 37, Bathroom 13, Bathroom 19, Bedroom 21, Bedroom 3, Bedroom 39, Bathroom 1, Bathroom 10, Bathroom 7, Bathroom 20, Bedroom 5
Parking 24
Lot features City Lot, City Lot
High school George County
Standard status Active
APN 0902-04-1-a001.01
Size 20,800 SF
Lot size 2.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 2 acres (see attached survey)
Tax Annual Amount 11379
Legal Description 2 acres (see attached survey)

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

on-site laundry

Building Details

Year built 1986
Floors in Building 2
Flooring type Vinyl, Carpet
Roof type Asphalt
Listing Agency: Better Homes & Gardens RE Trad · Better Homes and Gardens Real Estate
Listed By: Janie L Grice · License MS S49561
Added: Jul 31 Changed: Nov 2 Last Checked: Nov 12 at 6:06AM
MLS# 4157778

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The Retreat at Midtown is a 24-unit apartment property renovated in 2025, with approximately 20,800 square feet across 2 acres. The unit mix consists of 16 two-bedroom apartments and 8 one-bedroom apartments. An on-site laundry facility provides an additional income source, and each apartment has dedicated parking. Occupancy is 100%, and the property reports a 7.49% cap rate.

Located at 15269 Highway 613 within Lucedale city limits, the complex is served by public water and sewer. Tenants pay all utilities.

Key Highlights

  • 24 apartments: 16 two‑bedroom units and 8 one‑bedroom units
  • Approximately 20,800 square feet on 2 acres
  • Renovated in 2025

Property Analytics

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Lease Details

24
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

126
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property combines two apartment configurations with on-site laundry and tenant-paid utilities.
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: 16 two‑bedroom units and 8 one‑bedroom units; Approximately 20,800 square feet on 2 acres; Renovated in 2025
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