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302 Martin Luther King Drive

McComb, MS 39648
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Bed 5

Bed

Bath 6

Bath

Acres0.06

Acre(Lot)

Income-producing property with value-add potential! This renovated 6-unit apartment complex offers investors an opportunity to acquire an established rental property with major improvements already completed. Tucked back off the street, the complex provides a quiet, private setting with a diverse unit mix consisting of three 2-bedroom apartments, two 1-bedroom apartments, and one studio apartment. All six units have undergone extensive renovations, including updated electrical panels, plumbing, mini-split HVAC systems, kitchens, bathrooms, flooring, sheetrock, and fixtures throughout. These substantial improvements may help reduce some of the immediate capital expenditures often associated with older multifamily properties. The property also features an on-site laundry room equipped with 2 washers and 2 dryers for tenant convenience. Currently 5 of the 6 units are occupied, providing immediate rental income with an opportunity to increase occupancy by leasing the remaining unit. The property currently generates approximately $18,000 in annual gross rental income, with additional value-add potential through increased occupancy, future rent optimization, and the possible renovation of additional space into rental units, subject to zoning, permitting, and building requirements. For an investor looking to expand a rental portfolio or enter the multifamily market, this property offers an attractive combination of existing cash flow, extensive completed renovations, multiple unit sizes, and future growth potential. Much of the heavy lifting has already been completed—leaving the next owner an opportunity to build upon an established property and further maximize its income-producing potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $350,000

AD Id : 91593960

MLS Id : 4164072

Beds : 5

Lot Size : 0.06 Acre

Tax Amount : $2,325.64

Year Built : 1954

County : Pike

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 6 Full Baths: 6
  • Flooring Information

    Vinyl
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Laminate Counters Roof: Asphalt, Shingle Appliances: Electric Water Heater, Free-Standing Electric Range, Refrigerator Laundry Features: Common Area, Laundry Room Window Features: Double Pane Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1954 Building Area Total: 5000 Stories: 1 Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Lot Dimensions: 15x200 Main Square Feet: 0.06 Acres Lot Size Acres: 0.06 Lot Size Square Feet: 2613.6 Lot Description: Rectangular Lot

    Property Information

    Subdivision: Metes And Bounds Source Property Type: Residential Income Zoning Description: General Residence District Levels: One Property Age: 72

  • Listing Price Information

    Listing Price: $350000 1031 Exchange, Cash, Conventional

  • Tax Information

    Parcel Number: 501080 Tax Year: 2025 Annual Tax: $2325.64 Tax Legal Desc: PT LOTS 6-7-8 SQ G HEIDENREICH ADD ZN; X-28113C0039C

  • Parking Information

    Common, On Site, Gravel

  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Take Harrison Ave and Aston Ave to W Georgia Ave 4 min (1.1 mi) Head south 10 ft Turn left 0.1 mi Turn right onto Marilyn Butler Dr 285 ft Turn right onto Llewellyn Ave 276 ft Continue onto Harrison Ave 0.5 mi Turn left onto West Avenue Turn right onto Aston Ave Turn right onto W Georgia Ave Take Summit St Turn left onto M.L.K. Jr Dr 0.2 mi Turn right Destination will be on the left Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1046 Integrity Road Road, Mccomb, MS, 39648 $279,000 3 2 -- 2 Acres
4150 E U.s. 98 Highway, Mccomb, MS, 39648 $349,900 3 2 1,802 11.90 Acres
4150 Us-98, Mccomb, MS, 39648 $339,900 3 2 -- 11.90 Acres
5174 Highway 98, Mccomb, MS, 39648 $260,000 3 2 -- 8.40 Acres
1171 Friendship Road, Mccomb, MS, 39648 $178,000 3 2 -- 1 Acre
2002 Sherwood Drive, Mccomb, MS, 39648 $135,000 3 2 -- 2.70 Acres
5089 U.s. 98, Mccomb, MS, 39648 $2,900,000 3 2 -- 16 Acres
5061 E Highway 98, Mccomb, MS, 39648 $132,500 3 2 -- 3 Acres
1074 Pleasant Grove Road, Mccomb, MS, 39648 $169,900 5 3 -- 1 Acre
4018 Fernwood Road, Mccomb, MS, 39648 $450,000 4 3 -- 2 Acres

Information is deemed to be reliable but not guaranteed. Copyright © 2026 MLS United, LLC.

ByOwner last updated this listing 10/03/2026 @ 11:59

MLS: 4164072 LISTED BY: Genia Harrison, Hometown Realty, Inc 601-249-0485 SOURCE: MLS United LLC

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