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77-Unit Apartment Community
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620 S 28th Ave, Hattiesburg, MS 39402

Two-story apartment building with studio through three-bedroom units and 77 total apartment homes.

Property SizeContact for details
Days on Market168

Property Features for 620 S 28th Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 96%

Additional Details

Multifamily Units 77

Building Details

Year Built 1963
Buildings 7
Stories 2
Units 77
Listing Agency: Colliers - Birmingham, Alabama
Listed By: Brian Savage · License #AL 99092 MS 23992 Phone #: 205-445-0955
Source: Crexi
Added: Mar 24 Changed: Aug 8 Last Checked: Jul 23 at 4:16AM

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 Colliers - Birmingham, Alabama

Investment Insights

Based on property information with market context.

Forest Royale Apartments is a 77-unit, two-story multifamily community in south Hattiesburg, Mississippi. The property offers a mix of studio, one-, two-, and three-bedroom floor plans, with an average unit size of 776 square feet.

The community is located near major employment drivers, including the University of Southern Mississippi and William Carey University, as well as regional healthcare systems and retail along Highway 49 and West 7th Street.

The tenant base is described as well-occupied, and the surrounding submarket is characterized as having consistent multifamily demand, with no new competing supply identified as currently under construction.

Key Highlights

  • Forest Royale Apartments is a 77‑unit multifamily property in south Hattiesburg, MS, built in 1963.
  • Two‑story apartment building with studio, one-, two-, and three‑bedroom floor plans.
  • Average unit size is 776 sq ft.

Property Analytics

Current Use

Forest Royale Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Locksmith Carpet & Flooring Store Grocery & Convenience 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

77
Residential units

Location Intelligence

Trade Area within ½ mile

1,183
Businesses Nearby

Demographics for 39402, MS

44,633
Population
18,780
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
93.2 sq mi
ZIP Area
479
Density / Sq Mi
$71,254
Median Household Income
$41,552
Median Earnings
$1,183
Median Rent
$255,400
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 - Two-story apartment building with studio through three-bedroom units and 77 total apartment homes.
Where is this apartment building located?
The property is located at 620 S 28th Ave Hattiesburg, MS.
What are key features of this property?
This property features: Forest Royale Apartments is a 77‑unit multifamily property in south Hattiesburg, MS, built in 1963.; Two‑story apartment building with studio, one-, two-, and three‑bedroom floor plans.; Average unit size is 776 sq ft.
More about this property
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