# 100 W Elizabeth Street, Picayune, MS 39466

> **TL;DR:** commercial, $550,000 ($118/sqft), built 1940, 4,650 sqft. Est. $2,941/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $550,000 |
| Price/sqft | $118 |
| Square Feet | 4,650 |
| Year Built | 1940 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 2 |
| Property Type | Commercial (Apartment) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,781 |
| Estimated Insurance | $160 |
| **Total** | **$2,941** |

## Property Highlights

- Built in 1940
- 0.23 acre lot
- 2 stories

## Description

### 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. For additional financial information, operating details, or to discuss this investment opportunity, please contact me.

## Location

- **Address:** 100 W Elizabeth Street, Picayune, MS 39466
- **County:** Pearl River
- **Coordinates:** 30.525704, -89.681202
- **Google Maps:** https://www.google.com/maps?q=30.525704,-89.681202

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/100-W-Elizabeth-Street-Picayune-MS-39466/unbranded

## Listing Agent

- **Name:** Amy Olson
- **Brokerage:** Real Broker, LLC.
- **Phone:** 2285969916

## Primary Photo

![100 W Elizabeth Street - Primary Photo](http://lh.rdcpix.com/0541c0cf1a09551c0a400fc017a45551l-f481431098r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.ai/listing/100-w-elizabeth-street-picayune-ms-39466-4157803)*

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**MLS#:** 4157803 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/100-w-elizabeth-street-picayune-ms-39466-4157803)

---

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