Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2269 Old Mobile Highway Lucedale, MS 39452

    View on Map
    Claim this Listing
    New
    For Sale
    $159,000

    MULTI_FAMILY - Lucedale, MS

    Property size:
    1,420 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $111/SF
    Added:
    May 6, 2026
    Days on Market:
    1
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for 2269 Old Mobile Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 1
    Standard status
    Active
    APN
    0209-29-0-018.03
    Size
    1,420 SF
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1.22 AC IN NE 1/4 OF NW 1/4 OF SW 1 /4 LYING W OF ROCKY CREEK RD & S OF OLD MOBILE HWY 29-1-5
    Tax Annual Amount
    415

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1967
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Nikki Merritt
    Nikki Merritt

    Listing agent Nikki Merritt License #S50782

    Listing office Better Homes & Gardens RE Traditions 987 Mills St, Lucedale, MS

    Listing date May 6, 2026

    MLS# 4148512 Listing URL

    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.

    HighLights

    • Income‑generating property with three separate homes.
    • Large 1.22 +/- acre lot in the desirable Rocky Creek community.
    • Main home: 1,420 sq ft with 2 bedrooms, 1 bathroom, and a private fenced backyard.
    • Second residence: 2 bedroom, 2 bathroom mobile home with a long‑term tenant providing immediate rental income.
    • Third home: 2 bedrooms, 1 bathroom, approximately 900 sq ft, offering renovation potential.
    • Versatile property suitable for investors, expanding rental portfolios, or owner‑occupancy with rental income.

    Overview

    Residential Income Property in Lucedale

    This residential income property is located in the Rocky Creek community and situated on 1.22 acres. The property features three separate homes, each with its own address. The main home offers 1,420 square feet with 2 bedrooms and 1 bathroom, along with a fenced, private backyard and a spacious storage shed. The second residence is a 2 bedroom, 2 bathroom mobile home that is currently occupied by a long-term tenant, offering immediate rental income. The third home includes 2 bedrooms, 1 bathroom, and approximately 900 square feet. This property presents an opportunity to increase your rental portfolio and overall return. It offers versatility and potential in a great location for investors looking to expand their rental holdings, or for those who want to live in one home while generating income from the others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store Storage Facility HVAC Service Garden Center Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.507254
    Latitude
    30.931421

    Nearby Similar for Sale

    • $539,000
      4,050 SF

      Lucedale Commercial Building with Warehouse

      4050 SF commercial building with office and warehouse space.
      38 Susanne Street, Lucedale, MS 39452
      View Details
    • $319,000
      1,600 SF

      Lucedale Home with Workshop

      Three-bedroom home with workshop and additional dwelling unit.
      6902 Tanner Williams Road, Lucedale, MS 39452
      View Details
    • $406,050

      Lucedale Land For Sale

      27 acre former cattle operation in Lucedale, Mississippi.
      27 Ac Old Highway 63, Lucedale, MS 39452
      View Details
    • $230,000
      4,000 SF

      Main Street Retail Opportunity

      Versatile 4000+ sq ft retail space on Main Street.
      5140 Main Street, Lucedale, MS 39452
      View Details
    • $6,602,000
      21,930 SF

      Lucedale Retail Property For Sale

      New retail property with garden center and outdoor display area.
      134 134 Ventura Dr, Lucedale, MS
      View Details
    • $230,000
      4,200 SF

      Lucedale Retail Opportunity on Main

      Prime retail space with high visibility on Main Street.
      5140 Main Street, Lucedale, MS 39452
      View Details
    • $16,042,000
      136,997 SF

      Self-Storage Portfolio For Sale

      Five-property self-storage portfolio in Alabama and Mississippi.
      15213 MS-613, Lucedale, MS
      View Details

    FAQs

    What type of property is this?
    Triplex - Three homes on 1.22 acres with income potential.
    Where is this triplex located?
    The property is located at 2269 Old Mobile Highway Lucedale, MS.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Income‑generating property with three separate homes.; Large 1.22 +/- acre lot in the desirable Rocky Creek community.; Main home: 1,420 sq ft with 2 bedrooms, 1 bathroom, and a private fenced backyard.
    (601) 394-9785
    We can help!
    Listing Contact
    Nikki Merritt
    Nikki Merritt
    Real Estate License ID: S50782
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2269 Old Mobile Highway, Lucedale, MS 39452
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!