Exceptional investment opportunity in Magee, Mississippi! This income-producing property features a well-maintained apartment complex consisting of four (4) one-bedroom units and one (1) two-bedroom unit, along with an additional single-wide mobile home, providing a diversified rental income stream. Currently generating approximately $3,900 per month ($46,800 annually) in gross rental income, this property offers immediate cash flow and strong long-term investment potential.The apartment units feature low-maintenance brick construction with a durable metal roof, while the included mobile home adds additional income and flexibility. Situated on a spacious lot with mature shade trees and ample parking, the property is conveniently located near local schools, shopping, and employment centers.With full occupancy potential, multiple income sources, and limited multifamily inventory in the Magee market, this property presents an outstanding opportunity for investors seeking stable returns, portfolio growth, and long-term appreciation. Whether you're a seasoned investor or looking to expand your rental holdings, this turnkey income-producing property is one you won't want to miss.Shown by appointment only. Tenant rights apply.
Active
$334,900
801 Goodwater Rd NW, Magee, MS 39111
8beds
4,170sqft
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$80/sqft
$-- HOA
What's special
Low-maintenance brick constructionAmple parkingSpacious lotDurable metal roofMature shade trees
- 4 days |
- 72 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kimberly D Walker 601-273-2180,
E Speed Realty 601-988-5974,
Olivia J Adams 601-818-8377
Source: MLS United,MLS#: 4153557
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 4,170
- Total interior livable area: 4,170 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.26 Acres
Details
- Parcel number: 4057q000220000308400
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: Other
- Subdivision: Metes And Bounds
Location
- Region: Magee
Financial & listing details
- Price per square foot: $80/sqft
- Annual tax amount: $5,044
- Date on market: 6/22/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for sale | $334,900$80/sqft |
Source: MLS United #4153557 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 39111
Nearby schools
GreatSchools rating
- 4/10Magee Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10Magee Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Magee High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Magee
- Middle: Magee
- High: Magee
Source: MLS United. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Mississippi
- Simpson County
- Magee
- 39111
- 801 Goodwater Rd NW
