Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Investment Opportunity Title is generated by Realmo AI

    622 4th St S, Columbus, MS 39701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Value-add 5-unit property with income growth potential.

    Type:Multifamily
    Property size:
    4,013 SF
    Price / SF:
    $79/SF
    Added:
    Mar 16, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 19 at 11:48 pm

    Property Features for 622 4th St S

    General Information

    Standard status
    Active
    Size
    4,013 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Tanner Dolan

    Listing agent Tanner Dolan License #MS B-24685

    Listing office SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC

    Listing date Mar 16, 2026

    Source Crexi

    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 SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC

    HighLights

    • Multifamily investment: 5‑unit building offered at $319,000.
    • High potential cap rate: Opportunity to reach over a 12% cap rate at stabilized occupancy.
    • Immediate income increase: Two vacant units actively marketed for rent, providing an immediate opportunity to increase income.
    • Strong cash flow potential: Ideal for investors seeking strong cash flow.
    • Value‑add opportunity: Potential to increase income through lease‑up.
    • Consistent rental demand: Located in a market with consistent rental demand.

    Overview

    This is a 5-unit multifamily property offering a value-add investment opportunity. The property currently generates $1,940 per month, which is $23,280 annually. There are two vacant units actively marketed for $645 and $695, presenting an immediate opportunity to increase income. Once fully leased, the property is projected to produce $3,280 per month, which is $39,360 annually, in gross rental income. The property operates at approximately a 7.3 cap rate on current income with the potential to reach over a 12 cap rate at stabilized occupancy. It is ideal for investors seeking strong cash flow potential and upside through lease-up in a market with consistent rental demand. The property size is 4,013 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.428692
    Latitude
    33.489277

    Nearby Similar for Sale

    • $500,000

      Commercial Property Off Highway 82

      Prime commercial property with high visibility and steady traffic exposure.
      1291 S Frontage Rd, Columbus, MS 39701
      View Details
    • $499,900
      5,680 SF

      Turnkey Automotive Service Business

      Established automotive service business for sale in Columbus, MS.
      110 Tuscaloosa Rd, Columbus, MS 39702
      View Details
    • $398,000
      8,400 SF

      Commercial Building with Warehouse Space

      Income-producing commercial property with offices and warehouse in Columbus, MS.
      201 N Browder St, Columbus, MS 39702
      View Details
    • $349,000
      3,237 SF

      Columbus Commercial Building For Sale

      Commercial building in good condition, suitable for office or clinic.
      2311 Martin Luther King Jr Dr, Columbus, MS 39705
      View Details
    • $700,000
      1,984 SF

      Turnkey Nail Spa on Highway

      Move-in ready nail spa with high visibility and traffic.
      703 Hwy 45 N, Columbus, MS 39701
      View Details
    • $525,000
      4,478 SF

      Commercial Building in Prime Location

      Commercial building with ample parking in a high-traffic area.
      2006 Hwy 45 N, Columbus, MS 39705
      View Details
    • $408,500
      5,503 SF

      Fully Occupied Multifamily Investment

      Six-unit multifamily property in Columbus, MS generating $3,435/month.
      1024 3rd Avenue N, Columbus, MS 39701
      View Details
    • $150,000
      2,408 SF

      Versatile Commercial Buildings in Columbus

      Two buildings suitable for retail, office, automotive, or salon use.
      804 Alabama St, Columbus, MS 39702
      View Details
    • $99,900
      1,500 SF

      Established Retail Property For Sale

      Commercial property with potential for various business ventures.
      750 1/2 Tuscaloosa Rd, Columbus, MS 39702
      View Details
    • Contact for pricing
      10,500 SF

      Family Dollar Investment Opportunity

      Leased Family Dollar with re-tenanting potential near Air Force Base.
      60 Mike Parra Rd - Family Dollar, Columbus, MS 39705
      View Details
    • $599,000
      3,900 SF

      Columbus, MS Investment Opportunity

      3,900 SF building in Columbus, MS, built in 1999.
      886 Lehmberg Rd, Columbus, MS 39702
      View Details
    • $250,000
      1,440 SF

      Main Street Commercial Property

      Commercial property on Main St with fenced lot and shop.
      2022 Main St, Columbus, MS 39701
      View Details

    FAQs

    What type of property is this?
    Apartment building - Value-add 5-unit property with income growth potential.
    Where is this apartment building located?
    The property is located at 622 4th St S Columbus, MS.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: Multifamily investment: 5‑unit building offered at $319,000.; High potential cap rate: Opportunity to reach over a 12% cap rate at stabilized occupancy.; Immediate income increase: Two vacant units actively marketed for rent, providing an immediate opportunity to increase income.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tanner Dolan
    Real Estate License ID: MS B-24685
    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
    622 4th St S, Columbus, MS 39701
    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!