Two-Home Multifamily
219 Bass Road, Florence, MS 39073
For Sale
$945,000
Residential, Florence, MS
Property Size7,401 SF
Lot Size5.00 Acres
Price / SF$127.69
Days on Market206
Property Features for 219 Bass Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
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Parking features
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Fireplace
Appliances
Subdivision
Lot features
High school
Elementary school district
Middle school district
High school district
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Standard status
APN
Size
Lot size
Taxes and HOA fees
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Legal Description
Utilities
Heating system
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Building Details
Year built
Floors in Building
Roof type
Additional Structures
Buildings
Listing Agency:
NextHome Realty Experience
(601) 521-2866
Listed By:
Ryan Porter · License MS B22802
(601) 238-6620
Added: Apr 21
Changed: Oct 29
Last Checked: Nov 12 at 6:06AM
MLS# 4146766
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.
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Investment Insights
Based on property information with market context.
Set on 5 acres, this multifamily property includes two brick homes and three mobile homes behind the second residence. Each home has six bedrooms, 16 closets, three full bathrooms, and a laundry room; both have new roofs. The second home also features two kitchen areas, a dining room, a den with a fireplace, and a screened-in rear porch. Its laundry room has hookups for three washers and three dryers, and central HVAC is installed. The mobile homes need rehabilitation before they can be occupied.
Key Highlights
- Two brick homes on a 5‑acre property
- Each home has 6 bedrooms, 16 closets, and 3 full bathrooms
- New roofs on both brick homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,887
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,740
$917.7K
Cap Rate 7%
$655,529
$655.5K
Cap Rate 9%
$509,856
$509.9K
Market Conditions
NOI Build-Up for 7,401 SF
Gross rent
$90.6K $12.24/SF
− Vacancy
−$7.2K −$0.97/SF
EGI
$83.4K $11.27/SF
− OpEx
−$37.5K −$5.07/SF
NOI
$45.9K $6.20/SF
Area
Rankin County, MS
Vacancy
7.90%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,740
Cap Rate 7%
$655,529
Cap Rate 9%
$509,856
Alternative Uses
Best Use
Apartment 5plus
$655.5K
$573.6K – $764.8K
NOI $45,887 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,099 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1
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Demographics for 39073, MS
20,613
Population
8,707
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
161.1 sq mi
ZIP Area
128
Density / Sq Mi
$72,099
Median Household Income
$38,123
Median Earnings
$886
Median Rent
$180,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five acres hold two brick residences and three mobile homes that require rehabilitation before use.
Where is this multifamily property located?
The property is located at 219 Bass Road Florence, MS.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Two brick homes on a 5‑acre property; Each home has 6 bedrooms, 16 closets, and 3 full bathrooms; New roofs on both brick homes
