Quadplex Built in
For Sale
$295,000
Pending
806 Maxwell Dr., Hattiesburg, MS 39401
Four-unit residential income property with an established construction date and a Hattiesburg address.
Property Size3,000 SF
Days on Market54
Property Features for 806 Maxwell Dr.
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
Magnolia Real Estate
Listed By:
TAD Real Estate Agency
(601) 336-9097
Source:
Tad
Added: Sep 6
Changed: Oct 28
Last Checked: Oct 28 at 8:03AM
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 Magnolia Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex is located at 806 Maxwell Dr. in Hattiesburg, Mississippi. Constructed in 1983, the property is classified as a multifamily residential income asset and offers a four-unit configuration.
Key Highlights
- Quadplex configuration
- Built in 1983
- 806 Maxwell Dr., Hattiesburg, MS 39401
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,881
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,620
$377.6K
Cap Rate 7%
$269,729
$269.7K
Cap Rate 9%
$209,789
$209.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$29.2K $9.72/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$27.0K $8.99/SF
− OpEx
−$8.1K −$2.70/SF
NOI
$18.9K $6.29/SF
Area
Forrest County, MS
Vacancy
7.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,620
Cap Rate 7%
$269,729
Cap Rate 9%
$209,789
Alternative Uses
Best Use
Multifamily LT 5
$269.7K
$236.0K – $314.7K
NOI $18,881 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 39401, MS
43,183
Population
20,232
Households
2.1
Avg Household Size
32
Median Age
28%
College-Educated
89%
High-School Grad
188.9 sq mi
ZIP Area
229
Density / Sq Mi
$40,287
Median Household Income
$25,697
Median Earnings
$932
Median Rent
$120,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with an established construction date and a Hattiesburg address.
Where is this quadplex located?
The property is located at 806 Maxwell Dr. Hattiesburg, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Quadplex configuration; Built in 1983; 806 Maxwell Dr., Hattiesburg, MS 39401
