14-Unit Multifamily
For Sale
$1,590,000
100-124 Mickey Lane, Tupelo, MS 38804
Commercial Sale, Tupelo, MS
Property Size16,400 SF
Lot Size1.25 Acres
Price / SF$96.95
Days on Market308
Property Features for 100-124 Mickey Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
MCCULLOUGH BLVD TO ENDVILLE ROAD. TURN RIGHT ON KING ROAD, RIGHT ONTO MICKEY LANE, PROPERTY ON THE LEFT.
Subdivision
Northwest Tupelo
Standard status
Active
Size
16,400 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Description
B 0217 pg 893 10/12/2002
Tax Annual Amount
16377
Legal Description
B 0217 pg 893 10/12/2002
Building Details
Year built
2004
Floors in Building
1
Listing Agency:
TM REALTORS
(662) 842-3844
Listed By:
Meredith Martin ABR,AHWD,C2EX · License #S-50834
(662) 401-0811
Added: Dec 2, 2025
Changed: Aug 19
Last Checked: Oct 6 at 2:06PM
MLS# 25-4179
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property comprises seven duplex buildings totaling 14 units on 1.25 acres. Each residence is a one-level, two-bedroom, one-bath layout constructed in 2004. The units are described as well maintained, with two 1,000-square-foot residences furnished for short-term rentals and twelve 1,200-square-foot residences occupied by long-term tenants.
The property is located at 100-124 Mickey Lane in Tupelo, Mississippi, near Endville Road. Combined building area is 16,400 square feet, providing a defined residential income configuration across the duplex improvements.
The property is located at 100-124 Mickey Lane in Tupelo, Mississippi, near Endville Road. Combined building area is 16,400 square feet, providing a defined residential income configuration across the duplex improvements.
Key Highlights
- Seven duplex buildings with 14 total units
- 1.25‑acre multifamily property at 100‑124 Mickey Lane, Tupelo, MS 38804
- Two 1,000‑square‑foot furnished units used for short‑term rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,714
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,280
$1.8M
Cap Rate 7%
$1,310,200
$1.3M
Cap Rate 9%
$1,019,044
$1.0M
Market Conditions
NOI Build-Up for 16,400 SF
Gross rent
$181.1K $11.04/SF
− Vacancy
−$14.3K −$0.87/SF
EGI
$166.8K $10.17/SF
− OpEx
−$75.0K −$4.58/SF
NOI
$91.7K $5.59/SF
Area
Lee County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,280
Cap Rate 7%
$1,310,200
Cap Rate 9%
$1,019,044
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,714 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,598 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 38804, MS
17,314
Population
7,978
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
87%
High-School Grad
78.5 sq mi
ZIP Area
221
Density / Sq Mi
$63,837
Median Household Income
$37,416
Median Earnings
$858
Median Rent
$201,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Seven single-level duplex buildings with a mix of furnished short-term and established long-term tenancy.
Where is this multifamily property located?
The property is located at 100-124 Mickey Lane Tupelo, MS.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Seven duplex buildings with 14 total units; 1.25‑acre multifamily property at 100‑124 Mickey Lane, Tupelo, MS 38804; Two 1,000‑square‑foot furnished units used for short‑term rentals
