VALUE-ADD / HEAVY REHAB OPPORTUNITY - Triplex in Lumberton!
Investor special located on a corner lot on the main road in the heart of Lumberton. While the property will require significant repairs and renovation before it's rent-ready, it is structurally in great shape, making it an excellent candidate for a full rehab and long-term cash flow. At just 55k, this is a chance to pick up a multi-unit property at an entry-level price point and build equity through improvements ideal for experienced investors, contractors, or anyone looking for their next value-add project.
As an added benefit, there's an option to purchase the neighboring lot as well, giving you added flexibility for extra parking, outdoor space, storage, or future expansion (buyer to verify feasibility and zoning).
Bring your vision, your crew, and your plan—this one is all about the potential.
For sale
$49,700
508 E Main Ave, Lumberton, MS 39455
--beds
0baths
2,174sqft
Triplex, Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$23/sqft
$-- HOA
What's special
Corner lot
- 255 days
- 101
- 5
Zillow last checked:
Listing updated:
Listed by:
Kristi Shorts 601-307-2272,
Real Broker 228-471-5211
Source: HSMLS,MLS#: 145260
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central Air
Features
- Flooring: Laminate
Interior area
- Total structure area: 2,174
- Total interior livable area: 2,174 sqft
Property
Parking
- Total spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 9,583 Square Feet
- Dimensions: .22 Acres
Details
- Parcel number: 013D06010000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
Condition
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Lumberton
Financial & listing details
- Price per square foot: $23/sqft
- Tax assessed value: $15,900
- Annual tax amount: $410
- Date on market: 12/23/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,032/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Price change | $49,700-7.1%$23/sqft |
Source:  HSMLS #145260 Report a problem | ||
| 3/23/2026 | Price change | $53,500-2.7%$25/sqft |
Source: HSMLS #145260 Report a problem | ||
| 12/23/2025 | Listed for sale | $55,000$25/sqft |
Source: HSMLS #145260 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $410 -60.8% | $2,385 -61.8% |
| 2024 | $1,045 +0.4% | $6,242 |
| 2023 | $1,041 +7.9% | $6,242 +12.8% |
| 2022 | $964 +0.9% | $5,535 |
| 2021 | $956 | $5,535 |
| 2020 | $956 -0.9% | $5,535 |
| 2019 | $964 | $5,535 +0.5% |
| 2018 | $964 | $5,510 -2% |
| 2017 | $964 | $5,625 -3.9% |
| 2015 | $964 | $5,856 -1% |
| 2014 | -- | $5,918 +39.2% |
| 2013 | -- | $4,250 -3.3% |
| 2012 | -- | $4,396 |
| 2011 | -- | $4,396 -1% |
| 2010 | $670 -0.6% | $4,441 |
| 2009 | $674 +2.9% | $4,441 -1.6% |
| 2008 | $655 +0.6% | $4,513 +2.4% |
| 2007 | $651 | $4,408 |
Find assessor info on the county website
Monthly payment
Est. payment
