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14-Unit Apartment Property
For Sale
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616 N Bayou Avenue, Cleveland, MS 38732

Multiple residential buildings include an additional pad site for development.

Property SizeContact for details
Lot Size0.92 Acres
Days on Market143

Property Features for 616 N Bayou Avenue

General Information

Standard status Active
Lot size 0.92 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 14

Building Details

Buildings 5
Listing Agency: Tom Smith Land and Homes, LLC
Listed By: Tracey Bell · License #MS 22907
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 6:13PM

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 and Homes, LLC

Investment Insights

Based on property information with market context.

This apartment property comprises 14 residential rental units across four triplexes and a duplex. The improvements occupy a 0.92±-acre parcel and include an additional pad site ready for development, creating a separate area for future construction.

The property is located near Cleveland Country Club, Delta State University, and Downtown Cleveland in Bolivar County. Its existing multifamily configuration and proximity to these area destinations provide a clearly defined residential rental setting.

Key Highlights

  • 14 residential rental units on a 0.92± acre lot
  • Four triplexes and one duplex
  • Additional pad site ready for development

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Plumbing Service Garden Center HVAC Service Locksmith (Bike/Boat/Book/etc) Store

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

165
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 - Multiple residential buildings include an additional pad site for development.
Where is this apartment building located?
The property is located at 616 N Bayou Avenue Cleveland, MS.
What are key features of this property?
This property features: 14 residential rental units on a 0.92± acre lot; Four triplexes and one duplex; Additional pad site ready for development
(662) 719-4720 Call to check price and availability
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