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171 Road 199, 
Tupelo, MS 38801

$3,800,000


8

Beds


70

Baths


70,000

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Daniel Demers

Sell Your Home Services, LLC.

888-219-3009

Last updated:

July 29, 2026, 03:31 PM

MLS#

4156733

Source:

MS UNITED

About This Home

171 Road 199

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

Home Facts

Multi-Family

70 Baths

8 Bedrooms

Built in 1987

Price Summary

3,800,000

$54 per Sq. Ft.

MLS #:

4156733

Last Updated:

July 29, 2026, 03:31 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

70

Full Bathrooms:

70

Interior

Living Area:

70,000 Sq. Ft.


Structure

Structure

Building Area:

70,000 Sq. Ft.

Year Built:

1987


Lot

Lot Size (Sq. Ft):

470,448


Finances & Disclosures

Finances

Price:

$3,800,000

Price per Sq. Ft:

$54 per Sq. Ft.

Source:MS UNITED
The information being provided by MLS United is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 MLS United All rights reserved. MS UNITED Member Broker: Sean Blankenship

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.