622 4th, Columbus, MS 39701

Columbus
Local realty services provided by:ERA Town & Campus Realty
622 4th,Columbus, MS 39701
$319,000
  • - Beds
  • - Baths
  • 4,013 sq. ft.
  • Multi-family
  • Active
Listed by: tanner dolan
Office: swoope real estate & property management llc.
MLS#:26-523
Source:MS_GTAR

Price summary

  • Price:$319,000
  • Price per sq. ft.:$79.49

About this home

Value-add 5-unit multifamily investment opportunity located at 622 4th St South, offered at $319,000. The property currently generates $1,940/month ($23,280 annually) with two units vacant and actively marketed for $645 and $695, presenting an immediate opportunity to increase income. Once fully leased, the property is projected to produce $3,280/month ($39,360 annually) in gross rental income. At the asking price, the property operates at approximately a 7.3 cap rate on current income with the potential to reach over a 12 cap rate at stabilized occupancy. Ideal for investors seeking strong cash flow potential and upside through lease-up in a market with consistent rental demand.

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Home facts

  • Listing ID #:26-523
  • Added:56 day(s) ago
  • Updated:April 26, 2026 at 02:21 PM

Rooms and interior

  • Living area:4,013 sq. ft.

Heating and cooling

  • Cooling:Electric, Window unit(s)
  • Heating:Natural gas

Structure and exterior

  • Building area:4,013 sq. ft.

Finances and disclosures

  • Price:$319,000
  • Price per sq. ft.:$79.49
  • Tax amount:$2,829 (2025)

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