2794 Ms-589 Hattiesburg, MS 39402
This exceptional investment opportunity presents two single-family homes situated on a one-acre lot in Hattiesburg, Mississippi. The property, located at 2794 MS-589, is comprised of two one-story buildings, constructed in 1986 and 1997, each offering approximately 1,100 to 1,300 square feet of living space. Both homes feature three bedrooms and two bathrooms, providing ample living space for tenants or owners. Currently, the occupancy rate is 50%, with one unit tenant-occupied (tenant may remain or vacate) and the other vacant. The property is zoned C4 but is grandfathered for residential use, offering flexibility for future development. Each unit boasts four parking spaces. This value-add investment presents a rare chance to acquire a multifamily property in a prime location with access to top-rated Oak Grove schools. The large lot provides significant outdoor space. The asking price is $250,000, representing $125,000 per unit. This property is held within an LLC. This is a fantastic opportunity for investors seeking a dual-property listing in a highly desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.