100 Elizabeth Street, Picayune, MS 39466 (MLS# 4157991)

100 Elizabeth Street, Picayune, MS 39466

New Listing

$550,000

Virtual Tour

https://www.propertypanorama.com/100-Elizabeth-Street-Picayune-MS-39466--4157991/unbranded

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Property Type: Res Income Multi-Fam Bedrooms: 9 Square Footage: 4,650 Lot Size (sq. ft.): 10,019 Status: Active

Current Price: $550,000 List Date: 8/03/2026 Last Modified: 8/08/2026

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 bo ... (Read more) **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.

Listing Details MLS# 4157991

General Property Information

# of Units Included in Sale: 6
Approx Lot Size Acres: 0.23
Approx H/C SqFt: 4650
SqFt Source: Appraiser
List Price/SqFt: 118.28
Year Built Known: Yes
Year Built: 1940
Year Built Source: Appraiser
Total Floors: 2
Bedrooms Total: 9
Bathrooms Full: 6
Furnished: Yes
Pool: No
School District: Picayune
Accessibility Features: No
New Construction: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Multi Family Additional Type Details: Apartment Complex Lot Features: City Lot; Corner Lot Levels: Two Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Repairs; Taxes; Trash Collection; Water Tenant Pays: Deposit; Electricity Furnished: Partially Interior Features: Ceiling Fan(s); Granite Counters; Kitchen Island; Laminate Counters; Open Floorplan Special Purpose Rooms: Living/Dining Combo Pets Allowed: Call Kitchen Features: Granite Counters; Kitchen Island; Kitchen/Family Room Combo; Kitchen/Family Room View; Solid Surface Counters Fireplace Features: None Walls - Interior: Sheetrock Flooring: Vinyl Window Features: Aluminum Frames Laundry Features: Inside; Laundry Closet Security Features: Smoke Detector(s) Cooling: Ceiling Fan(s); Central Air; Electric; Window Unit(s); Zoned Heating: Ceiling; Central; Electric; Zoned Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Aluminum; Rolled/Hot Mop Exterior Features: None Patio And Porch Features: Awning(s) Fencing: Partial Driveway Features: Gravel Drive; Side Entrance Parking Features: Enclosed; Gated; Gravel Community Features: Near Entertainment; Park; Schools Nearby; Shopping Nearby; Sidewalks; Street Lights Waterfront Features: None Water Heater: Electric Lease Term: 12 Months; Renewal Option Approx Age Code: Older Home 25+ Years Parking Spaces: 2 Space Unit Available Documents: See Remarks

Address and Location Information

Street Number: 100
Street Name: Elizabeth
Street Suffix: Street
County: Pearl River
State: MS
Zip Code: 39466
Parcel Number: 6-17-5-15-001-050-3900
PPIN: 023984
Subdivision: None
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

Listing Service: Full Service
Never Occupied: Yes

Tax and Financial Information

Tax Annual Amount: 4309
Tax Year: 2025
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Central Business District
Flood Insurance Required?: No
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: J.W. SIMMON'S SUB 1ST ADD BLOCK H LOT 3 & E 60' OF LOT 2 BK 888 PG 30711/07/2005

Parking Features

Parking Total: 12
Enclosed: Yes
Gated: Yes
Gravel: Yes

More Information

Workshop Features

Workshop: No

Waterfront Features

Waterfront: No
None: Yes

Barn Features

Barn: No

Horse Amenities

Horse Amenities: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Parking Spaces

# Parking Spaces Uncovered: 12
2 Space Unit: Yes

Unit 1

Full Baths: Yes
Furnished: Yes
Leased: Yes
Occupied: Yes
Description: Corporate Unit

Unit 2

Full Baths: Yes
Leased: Yes
Occupied: Yes

Unit 3

Full Baths: Yes
Leased: Yes
Occupied: Yes

Unit 4

Full Baths: Yes
Leased: Yes
Occupied: Yes

Unit 5

Full Baths: Yes
Leased: Yes
Occupied: Yes

Unit 6

Full Baths: Yes
Leased: Yes
Occupied: Yes

Remarks & Miscellaneous

Public Remarks: **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.

Structure Type

Multi Family: Yes

Income & Expenses

See Remarks: Yes

Lot Features

City Lot: Yes
Corner Lot: Yes

Additional Type Details

Apartment Complex: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Interior Features

Ceiling Fan(s): Yes
Granite Counters: Yes
Kitchen Island: Yes
Laminate Counters: Yes
Open Floorplan: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Special Purpose Rooms

Living/Dining Combo: Yes

Tenant Pays

Deposit: Yes
Electricity: Yes

Pets Allowed

Call: Yes

Kitchen Features

Granite Counters: Yes
Kitchen Island: Yes
Kitchen/Family Room Combo: Yes
Kitchen/Family Room View: Yes
Solid Surface Counters: Yes

Fireplace Features

None: Yes

Furnished

Partially: Yes

Walls - Interior

Sheetrock: Yes

Flooring

Vinyl: Yes

Window Features

Aluminum Frames: Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes

Security Features

Smoke Detector(s): Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Window Unit(s): Yes
Zoned: Yes

Heating

Ceiling: Yes
Central: Yes
Electric: Yes
Zoned: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Aluminum Siding: Yes
Brick: Yes

Roof

Aluminum: Yes
Rolled/Hot Mop: Yes

Exterior Features

None: Yes

Patio And Porch Features

Awning(s): Yes

Fencing

Partial: Yes

Driveway Features

Gravel Drive: Yes
Side Entrance: Yes

Community Features

Near Entertainment: Yes
Park: Yes
Schools Nearby: Yes
Shopping Nearby: Yes
Sidewalks: Yes
Street Lights: Yes

Water Heater

Electric: Yes

Available Documents

See Remarks: Yes

Approx Age Code

Older Home 25+ Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Lease Term

12 Months: Yes
Renewal Option: Yes

Listing Office: Real Broker, LLC.

Listing Agent: Amy Olson

Last Updated: August - 08 - 2026