Pending

1201 W Main Street

Tupelo, MS 38801

$215,000 $906/Mo

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Overview

Bed

Bath

0.26

Acre(Lot)

Description

Income-Producing 4-Plex in the Heart of Tupelo! Fantastic opportunity to add a fully occupied multifamily property to your investment portfolio. Located at 1201 W Main St, this property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a desirable mix of floor plans for long-term rental demand. Each unit is currently leased at $800 per month, providing immediate cash flow from day one. Conveniently situated near downtown Tupelo, shopping, restaurants, schools, and major employers, this property combines strong occupancy with an excellent location. Whether you're expanding your portfolio or purchasing your first multifamily investment, this turnkey property offers stable rental income and long-term upside.

Property Details

Property Type : Residential Income

Price : $215,000

AD Id : 87837346

MLS Id : 4155253

Beds : 7

Lot Size : 0.26 Acre

Tax Amount : 408.63

Year Built : 1938

County : Lee

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 4 Full Baths: 4
Roofing Information

Shingle
Interior Features

Ceiling Fan(s) Roof: Shingle Appliances: None
Heating & Cooling

Has Heating: Yes Heating: Central, Fireplace(s) Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

Building Information

Year Built: 1938 Building Area Total: 2031 Construction Materials: Brick Stories: 2 Patio And Porch Features: Deck Private Pool: No
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 0.26 Acres Lot Size Acres: 0.26 Lot Size Square Feet: 11325.6 Lot Description: Corner Lot, Front Yard

Property Information

Subdivision: None Source Property Type: Residential Income Levels: Two Property Age: 88

Listing Price Information

Listing Price: $215000 Cash, Owner May Carry

Tax Information

Parcel Number: 077r-36-055-00 Tax Year: 2025 Annual Tax: $408.63 Tax Legal Desc: LOT NW1/4 SE1/4 BK 0610 PG 20106/29/2006

Parking Information

Parking Total: 10 On Site

Utility Information

Cable Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
157 Calloway Avenue, Tupelo, MS, 38801	$59,000	2	1	--	0.51 Acre
4735 W Main Street, Tupelo, MS, 38801	$47,900	1	1	--	0.30 Acre
171 Road 199, Tupelo, MS, 38801	$3,800,000	8	70	--	10.80 Acres