Multifamily Investment
For Sale
Contact for pricing
622 4th St S, Columbus, MS 39701
Value-add 5-unit property with income growth potential.
Property Size4,013 SF
Price / SF$79.49
Days on Market160
Property Features for 622 4th St S
General Information
Standard status
Active
Size
4,013 SF
Class
C
Property subtype
Multifamily
Zoning
R-1
Building Details
Year Built
1900
Listing Agency:
SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC
Listed By:
Tanner Dolan · License #MS B-24685
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 39701, MS
12,487
Population
7,012
Households
1.8
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
190.6 sq mi
ZIP Area
66
Density / Sq Mi
$28,523
Median Household Income
$29,616
Median Earnings
$849
Median Rent
$121,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
