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USAMSPicayune100 Elizabeth Street
Listing image | Image 1

100 Elizabeth Street, Picayune, MS

House

For Sale

Listed price in listed location currency (USD).
$550,000

9612

MLS® 4157991

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 4650 sqft
Garage 
Taxes $4,309
Days Active 1
Lot Size 0.23 Acres
Approx. Age 1940
Avg. Price Per Sqft $118
MLS® Number 4157991

Property Address: 100 Elizabeth Street, Picayune, MS, 39466

Average square foot calculated using Size range provided by listing agent.

Description

**100 Elizabeth Street | Picayune, Mississippi** **Multifamily Investment Opportunity** This six-unit multifamily property presents an exceptional investment opportunity in the heart of downtown Picayune. Offering stable in-place cash flow, multiple income streams, and immediate upside potential, this asset is well-positioned for investors seeking long-term income and operational flexibility. Property Highlights * Six-unit multifamily property * Three 2-bedroom, 1-bath apartments * Three 1-bedroom, 1-bath apartments * Prime downtown corner location with dual street frontage * Adjoining parcel included for dedicated tenant parking * Municipal utilities * Located in Flood Zone X * Zoned C-2 Downtown Commercial Income-Producing Features * Established rental property with documented operating history * Diversified income through both traditional apartment rentals and an existing furnished corporate rental * Furnished corporate rental has generated income through Airbnb, VRBO, direct bookings, and corporate stays * Furnishings convey with the sale, allowing the next owner to continue operations immediately without additional capital investment * One vacant unit offers an identifiable opportunity to increase revenue through lease-up rather than speculative redevelopment Investment Advantages The property's downtown location provides convenient access to restaurants, retail, and local businesses, supporting both long-term residential leasing and furnished corporate rental demand. Market conditions indicate low vacancy rates, limited concessions, and strong rental demand, reinforcing the property's stable operating profile. With a balanced unit mix, multiple revenue sources, dedicated off-street parking, and a documented history of income production, this property offers investors a combination of current cash flow and near-term growth potential. Its stabilized operating performance is supported by actual rental income and recurring operating expenses, providing a strong foundation for long-term investment ownership.
MLS® Number4157991
Laundry LevelEnsuite
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1940
Basement
DrivewayGravel Drive, Driveway (Side Entrance), Enclosed, Gated, Gravel, 2 Space Unit
Garage Spaces
HeatCeiling, Central, Electric, Zoned
A/CCeiling Fan(s), Central Air, Electric, Window Unit(s), Zoned

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

2 days

Today, For Sale for $550,000

MULTI-FAMILY INVESTMENT OPPORTUNITY
For Sale · 0 days

$550,000

MLS® 4157991

5 hours ago

Not Sold Yet

August 2026, For Sale for $550,000

MULTI-FAMILY INVESTMENT OPPORTUNITY
For Sale · 0 days

$550,000

MLS® 4157991

5 hours ago

Not Sold Yet

  • Aug 1, 2026, For Sale for $550,000

  • Aug 1, 2026, For Sale for $550,000

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