Updated Quadplex with Shared
For Sale
$295,000
Pending
806 Maxwell Dr, Hattiesburg, MS 39401
Multi Family, Hattiesburg, MS
Property Size3,000 SF
Days on Market56
Property Features for 806 Maxwell Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Elementary school district
Forrest County
Middle school district
Forrest County
High school district
Forrest County
Subdivision
Out-Northeast
Standard status
Pending
Size
3,000 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
see documents
Tax Annual Amount
1932
Legal Description
see documents
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
shared laundry building
Building Details
Year built
1983
Number of units
4
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick Veneer, Wood Siding
Listing Agency:
RE/MAX Real Estate Partners · RE/MAX International
(601) 296-2001
Listed By:
Ann McWilliams
(601) 818-7383
Added: Sep 4
Changed: Oct 17
Last Checked: Oct 29 at 9:06AM
MLS# 148642
Copyright © 2026 Hattiesburg Area Association 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.
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 3,000-square-foot quadplex contains four apartments, each configured with three bedrooms and one bathroom. All units have been updated, and the property is fully leased. Building improvements include a newer roof and fresh exterior paint, with brick veneer and wood siding forming the exterior. Vinyl and ceramic tile flooring, central air, and electric central heating serve the apartments.
A separate shared laundry building provides four machines and coded access. The property was built in 1983 and is connected to public sewer. Located in Hattiesburg, Mississippi, the asset offers a four-unit residential configuration with on-site shared laundry and recently completed exterior work.
A separate shared laundry building provides four machines and coded access. The property was built in 1983 and is connected to public sewer. Located in Hattiesburg, Mississippi, the asset offers a four-unit residential configuration with on-site shared laundry and recently completed exterior work.
Key Highlights
- Four 3‑bedroom, 1‑bath apartments
- 3,000 square feet across the quadplex
- Fully leased residential property
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
Lease Details
4
Residential units
100%
Occupancy
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 apartments share a coded-access laundry building and recent exterior improvements.
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: Four 3‑bedroom, 1‑bath apartments; 3,000 square feet across the quadplex; Fully leased residential property
