Here is a listing that makes people stop scrolling: $89,500 for a property in Laurel, Mississippi that the listing describes as 10 potential income-producing units. The address is 709-711 N 1st Ave, and Zillow shows it was built in 1920, with about 7,265 square feet in total.
Before going further, let’s be clear about what this is. It is not a mansion and it is not a ready-to-rent building. The listing says the property requires some rehab. It is a multi-family project for someone willing to put in work, time and money.
Interest is real, though. After 8 days on Zillow it had 485 views and 51 saves when we checked.
Quick Look: The Listing Details
| Address | 709-711 N 1st Ave, Laurel, MS 39440 |
| List price | $89,500 |
| Property type | Apartment complex / multi-family |
| What’s included | One large home, one large duplex and seven apartment units, per the listing |
| Units | Described as 10 potential income-producing units |
| Year built | 1920 |
| Interior | 7,265 sq ft |
| Bathrooms | 3, per Zillow’s facts |
| Bedrooms / lot size | Not disclosed on Zillow |
| Condition | Requires some rehab, per the listing |
| Zillow activity | 485 views, 51 saves in 8 days |
What You Actually Get
The listing describes the property as one large home, one large duplex and seven apartment units. Added up, that is the 10 units mentioned in the description. The photos show several gray buildings, including single-story homes with porches and two-story apartment buildings around a paved area.
Some numbers are missing. Zillow does not list a bedroom count or a lot size, and while Zillow’s facts show 3 baths, that figure does not explain how bathrooms are split among the units. We are not going to guess at unit layouts, and neither should a buyer.
Why $89,500 Gets Attention
The math in people’s heads is simple: $89,500 divided by 10 units is under $9,000 per unit. That is the kind of number that gets shared. But the purchase price is only the start. With a 1920 property that needs rehab, the real cost depends on what work each building needs, and that is unknown until someone inspects it.
The listing frames it as a possible rental investment or a redevelopment project. We are not making any income projections here. Whether it can earn money depends on rehab costs, local rents, permits and much more.
Location
The listing says the property is near historic Downtown Laurel, with shopping, dining and local amenities nearby. Note that the word “historic” in the listing refers to the downtown area; the listing does not say the property itself has any historic designation.
Homework for Any Buyer
A project like this can be a good opportunity, or an expensive lesson. Anyone serious would likely want to:
- Get a full inspection of every building, including roof, foundation, plumbing and electrical
- Get contractor estimates for the rehab before making an offer
- Ask the agent about occupancy, any current leases and utility setup for each unit
- Check zoning, permits and code requirements with the city
- Confirm the lot size, bedroom counts and bathroom layout, which Zillow does not fully show
- Ask about any disclosures and the condition terms of the sale
- Research local rents and insurance costs before running any numbers
The Bottom Line
At $89,500, this 1920 Laurel property offers a lot of square footage and what the listing calls 10 potential units. It is clearly a rehab project, not a finished building. For an experienced investor or a hands-on buyer with a solid budget, it may be worth a look. For anyone else, the low price could hide big costs. Do the homework first.
Frequently Asked Questions
How many units does it have?
The listing describes one large home, one large duplex and seven apartment units, for 10 potential income-producing units.
Is it move-in ready?
No. The listing says the property requires some rehab.
How many bedrooms are there?
Zillow does not list a bedroom count. Ask the listing agent for unit-by-unit details.
See the full listing, all photos and the latest status on Zillow: https://www.zillow.com/homedetails/709-711-N-1st-Ave-Laurel-MS-39440/466319606_zpid/
Listing courtesy of Keith Ridgeway, Ridgeway Real Estate, as shown on Zillow. Source: LBOR, MLS# 37992. Photos via the listing on Zillow; all rights belong to their owners. The listing’s before/after concept images are not shown here.
Disclaimer: All property details, prices, measurements and photos in this article come from the public listing on Zillow at the time of writing and may change at any time. This article is for informational purposes only and is not affiliated with the seller or listing agent. Verify all information with the listing agent and through your own inspection, survey and research before making any decision.
