24-Unit Apartment
New
For Sale
$1,275,000
502 Dorsett Drive, Indianola, MS 38751
Commercial Sale, Indianola, MS
Property SizeContact for details
Lot Size1.20 Acres
Days on Market4
Property Features for 502 Dorsett Drive
General Information
Property type
Commercial Sale
Property subtype
Apartment
Lot features
City Lot, City Lot
Standard status
Active
APN
119g-29-00-023.00
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.2 ACC S/OF RD PT SW1/4 SW1/4 UNPLATTED LAND 29-19-04 INDIANOLA EASTWOOD APT. #2,3, & 4 OLD PCL:3119G0009000 10000200
Tax Annual Amount
18953
Legal Description
1.2 ACC S/OF RD PT SW1/4 SW1/4 UNPLATTED LAND 29-19-04 INDIANOLA EASTWOOD APT. #2,3, & 4 OLD PCL:3119G0009000 10000200
Building Details
Year built
1975
Floors in Building
2
Roof type
Metal
Listing Agency:
Tom Smith Land & Homes
(601) 898-2772
Listed By:
Emerson Lovelace · License #S49193
(601) 715-3302
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 5:06AM
MLS# 4163840
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.
The 24-unit apartment complex consists of two separate buildings, each with eight two-bedroom apartments and four one-bedroom apartments. Kitchens and bathrooms have been updated, and units feature stainless steel appliances, granite and concrete countertops, ceramic tile flooring, and washer and dryer hookups. The complex was built in 1975 and occupies 1.2 acres. R3 multi-family zoning applies to the property.
Key Highlights
- 24 apartments across two separate buildings
- Each building has eight two‑bedroom units and four one‑bedroom units
- Updated kitchens and bathrooms with stainless steel appliances
Property Analytics
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Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Demographics for 38751, MS
10,682
Population
4,383
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
81%
High-School Grad
163.0 sq mi
ZIP Area
66
Density / Sq Mi
$42,965
Median Household Income
$31,478
Median Earnings
$760
Median Rent
$126,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings contain updated kitchens and bathrooms, with washer and dryer hookups in every apartment.
Where is this apartment building located?
The property is located at 502 Dorsett Drive Indianola, MS.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 24 apartments across two separate buildings; Each building has eight two‑bedroom units and four one‑bedroom units; Updated kitchens and bathrooms with stainless steel appliances
