171 Road 199, Tupelo, MS 38801

Tupelo
Local realty services provided by:Better Homes and Gardens Real Estate Traditions
171 Road 199,Tupelo, MS 38801
$3,800,000
Virtual Tour
  • 8 Beds
  • 70 Baths
  • 70,000 sq. ft.
  • Multi-family
  • Active
Listed by: daniel demers
Office: sell your home services, llc.
MLS#:4156733
Source:MS_UNITED

Price summary

  • Price:$3,800,000
  • Price per sq. ft.:$54.29

About this home

Lakefront / Lilly Jean Duplexes & Houses Expand your portfolio with this rare, income-producing multi-family community situated on over 10 scenic acres featuring a private lake. This unique offering includes 67 residential units consisting of 60 duplex units (2-bedroom, 1-bath) and 7 single-family homes with a mix of floor plans: 3 homes - 3 bedroom, 2 bath 2 homes - 3 bedroom, 1 bath 2 homes - 2 bedroom, 1 bath Currently 96% occupied with predominantly one-year leases in place, this property provides immediate, stable cash flow. Many units have been updated with fresh paint, flooring, cabinets and other improvements, helping attract and retain quality tenants. The property is serviced by city water with an available well system offering operational flexibility. The spacious grounds, mature setting, and private lake create an attractive living environment that sets this community apart from typical rental properties. Whether you're looking to expand an existing portfolio or...

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Home facts

  • Year built:1987
  • Listing ID #:4156733
  • Added:1 day(s) ago
  • Updated:July 24, 2026 at 06:38 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:70
  • Full bathrooms:70
  • Living area:70,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1987
  • Building area:70,000 sq. ft.
  • Lot area:10.8 Acres
  • Lot Features:Cul-De-Sac, Landscaped, Many Trees
  • Construction Materials:Brick, Siding
  • Exterior Features:Lighting
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Well
  • Sewer:Sewer Connected, Shared Septic

Finances and disclosures

  • Price:$3,800,000
  • Price per sq. ft.:$54.29
  • Tax amount:$25,421 (2025)

Parking

  • Total parking spaces:102
  • Parking description:Concrete, On Site

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