Fully Leased
1201 W Main St Tupelo, MS 38801
1201 W Main St, Tupelo, MS, 38801
$215,000
For Sale
$215,000
Four residential units with a mix of two- and one-bedroom layouts, all currently leased for income.
Property Size2,031 SF
Price / SF$105.86
Days on Market25
Property Features for 1201 W Main St
General Information
- Standard status
- Active
- Size
- 2,031 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1938
Listing agency
Sell Your Home Services, LLC.
(877) 893-6566
Listed by
Daniel Demers · License #SBR002012
Source
Propertiesnorthms
Added: Jun 28 Updated: Jul 22 at 2:23AM Checked: Jul 22 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sell Your Home Services, LLC.
Investment Insights
Based on property information with market context.
This income-producing fourplex features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property is currently fully leased, providing in-place rental income. Ideal for investors seeking a multi-unit residential asset with a diversified unit mix within a single building.
Located at 1201 W Main St in Tupelo, MS, the property is described as being near downtown, shopping, restaurants, schools, and major employers, supporting convenient everyday access for tenants.
The existing configuration includes four separate rental homes across the building, with consistent bathroom count per unit and multiple floor plans designed to appeal to different household sizes.
Located at 1201 W Main St in Tupelo, MS, the property is described as being near downtown, shopping, restaurants, schools, and major employers, supporting convenient everyday access for tenants.
The existing configuration includes four separate rental homes across the building, with consistent bathroom count per unit and multiple floor plans designed to appeal to different household sizes.
Key Highlights
- Income‑producing 4‑plex built in 1938
- Unit mix: three 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
- All units currently leased at $800/month each
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.7k | $9.72 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $18.3k | $8.99 |
| − OpEx | −$5.5k | −$2.70 |
| NOI | $12.8k | $6.29 |
2,031 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.8K – $213.1K
NOI $12,783 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,358 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$381.4K
$333.8K – $445.0K
NOI $26,700 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units with a mix of two- and one-bedroom layouts, all currently leased for income.
Where is this quadplex located?
The property is located at 1201 W Main St Tupelo, MS.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Income‑producing 4‑plex built in 1938; Unit mix: three 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit; All units currently leased at $800/month each
