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100 Elizabeth Street, Picayune, MS 39466 (MLS# 4157803)

100 Elizabeth Street, Picayune, MS 39466

$550,000
Property Type: Commercial Sale Bedrooms: 9 Square Footage: 4,650 Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $550,000 List Date: 8/01/2026 Last Modified: 8/18/2026

Overview

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 ...

Listing Details MLS# 4157803

General Property Information

Approx Lot Size Acres
0.23
Lot Size Dimensions
980x1950
Approx H/C SqFt
4650
SqFt Source
Appraiser
List Price/SqFt
118.28
Year Built Known
Yes
Divisible
No
Year Built
1940
Year Built Source
Appraiser
Total Floors
2
Bedrooms Total
9
Bathrooms Full
6
Pool
No
Accessibility Features
No
Property Sub Type
Apartment

Property Features

Business Type: Rental Current Use: Multi-Family Possible Use: Hotel/Motel; Retail Lot Features: City Lot; Corner Lot Location: Central Business District; Corner Lot Levels: Two Expenses Include: Electric; Insurance; Maintenance; Taxes; Trash Removal; Water/Sewer Cooling: Ceiling Fan(s); Central Air; Window Unit(s) Heating: Central Utilities: Electricity Connected; Sewer Connected Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional; SBA; Other Sale Options: Under Lease Driveway Features: Gravel Drive Price Includes: All Appliances; Building and Land; Leases; Some Furnishings Available Documents: Operating Expense Report Available

Address and Location Information

Street Number
100
Street Name
Elizabeth
Street Suffix
Street
County
Pearl River
State
MS
Zip Code
39466
Nearest Cross Street
Main Street
Parcel Number
6-17-5-15-001-050-3900
PPIN
023984
Directions to Property
From I-59 take Exit 4 toward Picayune. Turn Left at the red light. Go down Memorial Blvd to Hwy 11. Take a right on Hwy 11. Go to Canal Street and turn left at the red light. Go over the railroad tracks and at the red light take a left on Main Street. The property is on the right on Elizabeth Street

Listing Information

Property Sub Type
Apartment
Listing Service
Full Service
Never Occupied
No

Tax and Financial Information

Tax Annual Amount
4309
Tax Year
2025
Flood Insurance Required?
No
Leasehold Y/N
Yes
Legal Description
J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005

Commercial Features

% Leased
100
Business Included
No
Divisible
No
Expandable
No

More Information

Auction

Auction
No

Showing Requirements

Showing
Appointment Required
Lockbox Location
Front Door

Basement Features

Basement
No
Listing Office: Real Broker, LLC.
Listing Agent: Amy Olson
Source MLS Verified
Last Updated: August - 18 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.
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