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Five-Unit Residential Income Property
For Sale
$169,000

314 South Leflore Avenue, Cleveland, MS 38732

Five residential units on one property with alley access and kitchens in each unit, including rear duplex and a separate house.

Property Size2,928 SF
Price / SF$57.72
Days on Market329

Property Features for 314 South Leflore Avenue

General Information

Standard status Active
Size 2,928 SF
Property subtype Multi Family

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,334

Amenities

Public Sewer
One
Ceiling Fan(s), Window Unit(s)
Varies by Unit
Public
5
1
6
5.50
5.10
Shingle
Other
Conventional
Siding

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: Tom Smith Land & Homes
Listed By: Kadero Edley · License #S57982
Source: Compass
Added: Oct 14, 2025 Changed: Aug 8 Last Checked: Jul 22 at 4:42AM

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 Tom Smith Land & Homes

Investment Insights

Based on property information with market context.

This residential income property includes five units on one site. The front home contains two units: a 2-bedroom, 1.5-bath unit and a 1-bedroom, 1-bath unit. A rear duplex building includes two units, each with 1 bedroom, 1 bathroom, and a kitchen. There is also a separate house on the property with 1 bedroom and 1 bathroom and a kitchen. The rear building is approximately 814+/- SF, and the house is approximately 522+/- SF. The year built is an estimate and was not available from the Bolivar County Tax Assessor’s Office.

Access is available from the alley, supporting convenient ingress/egress for occupants of the rear buildings, which also have parking.

Key Highlights

  • Five residential units on one property: front has 2 units, plus a rear 814+/- SF duplex and a separate 522+/- SF house
  • Front units: one 2‑bedroom, 1.5‑bathroom unit and one 1‑bedroom, 1‑bathroom unit
  • Rear duplex includes two 1‑bedroom, 1‑bathroom units, each with a kitchen

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Electrical Service Dental Office Skin Care Clinic Plumbing Service

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

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

718
Businesses Nearby

Demographics for 38732, MS

17,652
Population
7,354
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
88.3 sq mi
ZIP Area
200
Density / Sq Mi
$44,239
Median Household Income
$34,531
Median Earnings
$776
Median Rent
$163,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Five residential units on one property with alley access and kitchens in each unit, including rear duplex and a separate house.
Where is this apartment building located?
The property is located at 314 South Leflore Avenue Cleveland, MS.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Five residential units on one property: front has 2 units, plus a rear 814+/- SF duplex and a separate 522+/- SF house; Front units: one 2‑bedroom, 1.5‑bathroom unit and one 1‑bedroom, 1‑bathroom unit; Rear duplex includes two 1‑bedroom, 1‑bathroom units, each with a kitchen
More about this property
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