Two-Home Multifamily
For Sale
$937,000
219 Bass Road, Florence, MS 39073
Commercial Sale, Florence, MS
Property Size7,401 SF
Lot Size5.00 Acres
Price / SF$126.60
Days on Market210
Property Features for 219 Bass Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bathroom 7, Bathroom 4, Bedroom 10, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 11, Bedroom 3, Bathroom 6, Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 12
Exterior features
Private Yard
Fireplace
1
Subdivision
Metes And Bounds
Lot features
Few Trees, Front Yard, Few Trees, Front Yard
Elementary school
Simpson Central
Middle school
Mendenhall
High school
Mendenhall
Directions
Take Old Pearl Road to Bass Rd. Property is at the end of Bass Rd.
Standard status
Active
APN
1-0750-15-00000-000-00311
Size
7,401 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
5 AC PT W 1/2 SW 1/4 N/O RD
Tax Annual Amount
5119
Legal Description
5 AC PT W 1/2 SW 1/4 N/O RD
Utilities
Heating system
Fireplace(s), Central
Building Details
Floors in Building
1
Roof type
Shingle
Listing Agency:
NextHome Realty Experience
(601) 521-2866
Listed By:
Ryan Porter · License #B22802
(601) 238-6620
Added: Mar 20
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
MLS# 4143084
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.
Investment Insights
Based on property information with market context.
Set on 5 acres, this multifamily property includes two brick residences with six bedrooms apiece. Each home has 16 closets and three full bathrooms. One residence features a large dining and entertainment room, kitchen, and dedicated laundry room. The other offers two kitchen areas, a dining room, a den with a fireplace, a screened back porch, and laundry hookups for three washers and three dryers. Its bathrooms have been remodeled, and the home has new central HVAC; both houses have updated roofs.
Three mobile homes sit behind the second residence and require rehabilitation before use. The property totals 7,401 square feet, with a private yard.
Three mobile homes sit behind the second residence and require rehabilitation before use. The property totals 7,401 square feet, with a private yard.
Key Highlights
- 5‑acre property in Simpson County
- 7,401 square feet
- Two brick homes, each with six bedrooms and 16 closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,887
Cap Rate
4.90%
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 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,099 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two six-bedroom residences include shared gathering areas, laundry rooms, and updated roofs.
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 $937,000.
What are key features of this property?
This property features: 5‑acre property in Simpson County; 7,401 square feet; Two brick homes, each with six bedrooms and 16 closets
