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Multifamily Duplexes Portfolio Opportunity
For Sale
$225,000

1803 Read Road, Picayune, MS 39466

MULTI_FAMILY - Picayune, MS

Property Size2,091 SF
Lot Size0.27 Acres
Price / SF$107.60
Days on Market508

Property Features for 1803 Read Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 4
Rooms Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 3
Elementary school district Pic-Roseland Park
Middle school district Pic-Roseland Park
High school district Pic-Roseland Park
Subdivision 1-Picayune City Limits
Standard status Active
APN 035313
Size 2,091 SF
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description RESUBDIVISION OF Lot 2 JAY & BEE SUBDIVISION
Tax Annual Amount 3760
Legal Description RESUBDIVISION OF Lot 2 JAY & BEE SUBDIVISION

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Electric, Ceiling Fan(s), Central Air
Water source Public

Building Details

Year built 2009
Floors in Building 1
Number of units 2
Flooring type Tile - Ceramic, Concrete
Building materials Brick
Listing Agency: Executive Real Estate
Listed By: Corey Smith
Added: Mar 10, 2025 Changed: Jul 29 Last Checked: Jul 30 at 11:06PM
MLS# 183013

Copyright © 2026 Pearl River County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property is part of a portfolio of seven multifamily duplexes. The properties feature quality construction, brick on slab foundations, architectural shingle roofing, and concrete driveways. The units have a history of solid occupancy, benefiting from a convenient location on dead-end streets and proximity to the interstate. This presents a great investment opportunity for investors seeking low-maintenance multifamily properties. The property is located in Picayune, Mississippi. The lot size is 0.27 acres, and the property size is 2091 square feet. Note that the properties cannot be purchased individually and must be purchased as a group of seven.

Key Highlights

  • Brick construction on slab with architectural shingle roofing
  • 2009 year built
  • Public water and public sewer

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Big Box & Wholesale Store Building Supply Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby

Demographics for 39466, MS

27,897
Population
12,870
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
152.8 sq mi
ZIP Area
183
Density / Sq Mi
$50,926
Median Household Income
$32,889
Median Earnings
$907
Median Rent
$161,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Portfolio of seven duplexes for sale in Picayune, Mississippi.
Where is this duplex located?
The property is located at 1803 Read Road Picayune, MS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Brick construction on slab with architectural shingle roofing; 2009 year built; Public water and public sewer
More about this property
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