171 Road 199, Tupelo, MS 38801 (MLS# 4156733)
171 Road 199, Tupelo, MS 38801
New Listing
$3,800,000
Property Type:
Res Income Multi-Fam
Bedrooms:
8
Square Footage:
70,000
Lot Size (sq. ft.):
470,448
Status:
Active
Current Price:
$3,800,000
List Date:
7/22/2026
Last Modified:
7/22/2026
Listing Details MLS# 4156733
General Property Information
- # of Units Included in Sale
- 67
- Approx Lot Size Acres
- 10.8
- Approx H/C SqFt
- 70000
- SqFt Source
- Public Records
- List Price/SqFt
- 54.29
- Year Built Known
- Yes
- Year Built
- 1987
- Year Built Source
- Public Records
- Total Floors
- Yes
- Bedrooms Total
- 8
- Bathrooms Full
- 70
- Furnished
- No
- Accessibility Features
- No
- New Construction
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
Property Features
Structure Type:
Duplex
Lot Features:
Cul-De-Sac; Landscaped; Many Trees
Levels:
One
Fireplace Features:
None
Appliances:
Water Heater
Cooling:
Central Air
Heating:
Central
Utilities:
Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Sewer:
Shared Septic
Water Source:
Public; Well
Foundation Details:
Slab
Listing Terms:
Cash; Conventional; Other
Roof:
Metal; Shingle
Exterior Features:
Lighting
Parking Features:
Concrete; On Site
Waterfront Features:
See Remarks
Address and Location Information
- Street Number
- 171
- Street Name
- Road 199
- County
- Lee
- State
- MS
- Zip Code
- 38801
- Parcel Number
- 1040-17-037-00
- Subdivision
- None
- Directions to Property
- From RD 199 turn onto Dr 171, property will be on the right side.
- Community Of
- N/A
Listing Information
- Listing Service
- Limited Service
Tax and Financial Information
- Tax Annual Amount
- 25421.11
- Tax Year
- 2025
- Homestead Y/N
- No
- Additional Exemptions Y/N
- No
- Flood Insurance Required?
- No
- Leasehold Y/N
- No
- Association
- No
- Covenants Y/N
- No
- Legal Description
- PT SE1/4 NE1/4 BK 2010 PG 00376112/16/2009
Parking Features
- Parking Total
- 102
- Concrete
- Yes
- On Site
- Yes
More Information
Waterfront Features
- Waterfront
- Yes
- See Remarks
- Yes
Showing Requirements
- Showing
- Appointment Required
- Appointment Phone
- (682) 200-3053
Remarks & Miscellaneous
- Public Remarks
- 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 acquire a turnkey investment with strong occupancy and long-term potential, this is an opportunity to purchase an entire established rental community in a single transaction. Highlights: 67 total residential units 60 duplex units (2 bed / 1 bath) 7 single-family homes Over 10 acres with a private lake 96% occupied Predominantly one-year leases Most units renovated
Structure Type
- Duplex
- Yes
Lot Features
- Cul-De-Sac
- Yes
- Landscaped
- Yes
- Many Trees
- Yes
Levels
- One
- Yes
Sewer
- Shared Septic
- Yes
Water Source
- Public
- Yes
- Well
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Fireplace Features
- None
- Yes
Appliances
- Water Heater
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
Foundation Details
- Slab
- Yes
Exterior Construction/Siding
- Brick
- Yes
- Siding
- Yes
Roof
- Metal
- Yes
- Shingle
- Yes
Exterior Features
- Lighting
- Yes
Listing Office:
Sell Your Home Services, LLC.
Listing Agent:
Daniel Demers
Last Updated: July - 22 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.