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10-Unit Apartment Property
New
For Sale
$89,500

709-711 N 1st Ave, Laurel, MS 39440

Residential Income, LAUREL, MS

Property Size7,265 SF
Lot Size0.75 Acres
Price / SF$12.32
Days on Market1

Property Features for 709-711 N 1st Ave

General Information

Property type Residential Multi Family
Property subtype Apartment
Elementary school Laurel City School District
Middle school Laurel Middle School
High school LAUREL
Subdivision Laurel City
Standard status Active
Size 7,265 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Description PPINS 030959--030958--030264--015661
Tax Annual Amount 3066
Legal Description PPINS 030959--030958--030264--015661

Utilities

Heating system Space Heater, Natural Gas
Water source Public

Building Details

Year built 1920
Floors in Building 1
Number of units 10
Roof type Composition
Listing Agency: Ridgeway Real Estate
Listed By: Keith Ridgeway
Added: Oct 29 Last Checked: Oct 29 at 10:06PM
MLS# 37992

Copyright © 2026 Laurel Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 7,265-square-foot apartment property contains seven apartment units, a duplex, and a large home, for 10 potential residential units. Built in 1920, the improvements sit on a 0.75-acre parcel. Heating is provided by natural-gas space heaters, with public water service and a composition roof.

The property is at 709-711 N 1st Ave in Laurel, near the city’s downtown area, shopping, dining, and local amenities. The buildings require rehabilitation, making their current condition an important consideration for planning future work.

Key Highlights

  • 10 potential units: seven apartments, one duplex, and one large home
  • 7,265 square feet of property improvements on 0.75 acres
  • Built in 1920

Property Analytics

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Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

741
Businesses Nearby

Demographics for 39440, MS

19,759
Population
9,035
Households
2.2
Avg Household Size
35
Median Age
20%
College-Educated
86%
High-School Grad
17.7 sq mi
ZIP Area
1,116
Density / Sq Mi
$38,687
Median Household Income
$30,246
Median Earnings
$856
Median Rent
$112,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A mixed residential complex combines apartment units with a duplex and a large home on one parcel.
Where is this apartment building located?
The property is located at 709-711 N 1st Ave Laurel, MS.
What is the asking price?
The asking price for this property is $89,500.
What are key features of this property?
This property features: 10 potential units: seven apartments, one duplex, and one large home; 7,265 square feet of property improvements on 0.75 acres; Built in 1920
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