18027 Old Highway 49, Saucier, MS 39574

Listing Agency: L Price Real Estate LLC l***@gmail.com Show Phone

Listed By: Latrell Price Show Phone

Source: Exprealty

Added: Sep 27 Changed: Nov 8 Last Checked: Nov 8 at 8:34AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 4,860 square feet. Its living and dining areas provide shared interior space, while a gazebo and private outdoor area add exterior amenities.

Key Highlights

• Four‑unit multifamily property with 4,860 square feet
• Gazebo and private outdoor space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,587

Cap Rate

7.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$611,740 $611.7K

Cap Rate 7%

$436,957 $437.0K

Cap Rate 9%

$339,856 $339.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,860 SF

Gross rent

$47.2K $9.72/SF

− Vacancy

−$3.5K −$0.73/SF

EGI

$43.7K $8.99/SF

− OpEx

−$13.1K −$2.70/SF

NOI

$30.6K $6.29/SF

Area

Harrison County, MS

Vacancy

7.50%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$611,740

Cap Rate 7%

$436,957

Cap Rate 9%

$339,856

Alternative Uses

Best Use

Multifamily LT 5

$437.0K

$382.3K – $509.8K (±1% cap)

NOI $30,587 @ 7.0% cap · market cap 7.20%

Second Best

Apartment 5plus

$388.3K

$339.7K – $453.0K (±1% cap)

NOI $27,179 @ 7.0% cap · market cap 6.40%

Theoretical Best

Healthcare Medical

$782.9K

$685.1K – $913.4K (±1% cap)

NOI $54,806 @ 7.0% cap · market cap 12.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 39574, MS

14,049

Population

5,329

Households

2.6

Avg Household Size

40

Median Age

19%

College-Educated

87%

High-School Grad

213.1 sq mi

ZIP Area

66

Density / Sq Mi

$69,167

Median Household Income

$37,280

Median Earnings

$942

Median Rent

$191,500

Median Home Value

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?

Quadplex - Living and dining areas are complemented by a gazebo and private outdoor space.

Where is this quadplex located?

The property is located at 18027 Old Highway 49 Saucier, MS.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Four‑unit multifamily property with 4,860 square feet; Gazebo and private outdoor space