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Four-Unit Residential Income Property

220 Martin Luther King Ave Hattiesburg, MS 39401

220 Martin Luther King Ave, Hattiesburg, MS, 39401
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For Sale
Contact for pricing
Pending

Fully occupied quadplex with four 3-bedroom, 1-bath units, including three recently renovated apartments.

Days on Market103

Property Features for 220 Martin Luther King Ave

General Information

Standard status
Pending
Property subtype
Multifamily
Listing agency eXp Realty
Listed by Natalie Graham, eXp Realty · License #B-22107
Source Crexi
Added: Apr 11 Updated: Jul 20 at 5:31PM Checked: Jul 20 at 5:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty


Investment Insights

Based on property information with market context.

This four-unit residential income property offers four separate 3-bedroom, 1-bath apartments. The building is fully occupied, and it currently grosses $3,125 per month, with an average monthly net of $2,400.

According to the seller, three of the units were recently renovated with new LVP flooring, new paint, new stainless steel appliances, and refinished countertops and cabinets.

The property is situated for investors seeking an occupied multifamily asset, with the remarks noting the potential to adjust rent on a Section 8 tenant when her lease renews.

Key Highlights

  • Fully occupied quadplex with four 3‑bedroom, 1‑bath units near downtown Hattiesburg
  • Three units recently renovated with new LVP flooring, new paint, new S/S appliances, and refinished countertops and cabinets
  • Grosses $3,125/month with monthly net averaging $2,400/month

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Real Estate Agency Gym & Fitness Center Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fully occupied quadplex with four 3-bedroom, 1-bath units, including three recently renovated apartments.
Where is this quadplex located?
The property is located at 220 Martin Luther King Ave Hattiesburg, MS.
What are key features of this property?
This property features: Fully occupied quadplex with four 3‑bedroom, 1‑bath units near downtown Hattiesburg; Three units recently renovated with new LVP flooring, new paint, new S/S appliances, and refinished countertops and cabinets; Grosses $3,125/month with monthly net averaging $2,400/month
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