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Duplex
New
For Sale
$150,000

280 CR 559, Falkner, MS 38629

The tenant-occupied property transfers subject to its existing lease arrangements.

Property Size2,050 SF
Price / SF$73.17
Days on Market5

Property Features for 280 CR 559

General Information

Standard status Active
Size 2,050 SF
Property subtype Multi-Unit (2-4)

Additional Details

Multifamily Units 2

Amenities

Lot Size Acres: 0.26
Metal Roof
Sewer Type: Municipal
Total Taxes: $1,660, Percentage of Tax that is Deductable: 0
Wall/Window AC: 1
Natural Gas Heat Fuel
Sale, Sale Type: Foreclosure, Sale Type: Auction, Availability Date: 2026-09-30, Auction URL: https://www.caldwellre.com/auction/online-real-estate-auction--income-producing-duplex-in-falkner-mississippi-84030/details, Auction Start Time: 2026-09-30 16:00:00, Auction End Time: 2026-11-10 23:00:00
School District: NORTH TIPPAH SCHOOL DIST
4 Bedrooms
Residential Style: 2600, Built in 1970, Renovation Year: 2024
Property Zone Type: 100, Above Area Square Feet: 2050
2 Full Baths
Water Source: Municipal, Natural Gas Available
Construction Type: Masonry - Brick
Brick Siding

Building Details

Year Built 1970
Listing Agency: CALDWELL REALTY LLC
Listed By: John Caldwell
Source: Doyle-realty
Added: Oct 2 Changed: Oct 5 Last Checked: Oct 5 at 7:10PM

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 CALDWELL REALTY LLC

Investment Insights

Based on property information with market context.

This duplex contains 2,050 square feet and was built in 1970. It is occupied by tenants, and the sale is subject to the existing lease arrangements.

The property is in the North Tippah School District.

Key Highlights

  • 2,050 square feet
  • Built in 1970
  • Tenant‑occupied; sale subject to existing lease arrangements

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Pharmacy Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

Demographics for 38629, MS

1,624
Population
783
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
88%
High-School Grad
43.1 sq mi
ZIP Area
38
Density / Sq Mi
$64,087
Median Household Income
$41,803
Median Earnings
$700
Median Rent
$119,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The tenant-occupied property transfers subject to its existing lease arrangements.
Where is this duplex located?
The property is located at 280 CR 559 Falkner, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,050 square feet; Built in 1970; Tenant‑occupied; sale subject to existing lease arrangements
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