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111 Mable St, Hattiesburg, MS, 39401

4beds
4baths
--sqft
$199,900
--price/sqft
$1,551/moest. monthly cost
$62,040/yrincome needed

About This Home

Located at 111 Mable St. in Hattiesburg, this fully leased 4-plex is a strong, income-producing asset ready to go to work for you from day one. With all four units currently occupied, this property offers instant cash flow and reduced startup risk—no lease-up period required. Each unit features a practical, tenant-friendly layout designed for comfortable long-term occupancy, supporting stable rental demand and consistent returns. The property's proximity to downtown Hattiesburg, major employers, medical facilities, dining, and shopping further strengthens its appeal and helps minimize vacancy. Whether you're expanding an existing portfolio or entering the multifamily space, this asset checks key investor boxes: location, occupancy, and income stability in a growing rental market. Opportunities like this don't come around often—secure a performing multifamily property in the heart of Hattiesburg and start earning immediately. Buyer and Buyer's Agent to verify all information.

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
88
BikeVery Bikeable

Schools

8/10
Hawkins Elementary SchoolGrades PK-50.3 mi
5/10
N R Burger Middle SchoolGrades 7-82.4 mi
5/10

Construction

Condition

  • Year built: 1926

Materials

  • Construction materials: Wood Siding,Brick Veneer

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Cooling

  • Cooling features: Electric

Features

  • Flooring: Laminate

Property

Lot

  • Lot size dimensions: 35.21' x 95' x 41'

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado
Hail
Hurricane
Heat Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters in Forrest County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,010$12,120
Home Insurance *$233$2,796
Property Taxes $116$1,392
Electricity $192$2,304
Total$1,551$18,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,177/yr
40% on housing$46,530/yr
45% on housing$41,360/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.8%
5.8%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 39401$82
Forrest County$106

vs Homes Sold Last Month

Median $/sqft

ZIP 39401
Forrest County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-02Listed for sale$215,000
2026-02-01Listing removed$215,000
2025-12-19Price change$215,000
2025-11-07Price change$220,000
2025-09-23Price change$235,000
2025-07-23Listed for sale$247,500
2024-01-11Sold--
2023-11-21Pending sale$119,000
2023-11-21Contingent$119,000
2023-11-16Listed for sale$119,000
2023-11-07Pending sale$119,000
2023-11-06Contingent$119,000
2023-10-28Listed for sale$119,000
2021-06-03Sold--
2021-05-04Listed for sale$30,500
2021-03-17Listing removed--
2021-03-13Listed for sale$30,500

For Sale by Agent

AgentDalton Selby
BrokerageRE/MAX Real Estate Partners

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