New Albany, MS Residential income properties for sale

$2,990,000

17,255 SF

Mixed-Use Downtown Building

130-132 W Bankhead St., New Albany, MS 38652

Two-story building with first-floor shops and fully occupied second-floor apartments, plus an adjacent nail salon space.

100% Occupancy of Existing Apartments
Potential for Developing a 3rd Floor Penthouse for Additional Income
Prime Location in the Heart of Downtown New Albany
Includes an Adjacent 1000 sq/ft Nail Salon for Added Income
Historical Buildings (Hamilton Place)

Updated: Jun 1

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$3,300,000

17,255 SF

Historic Mixed-Use Hamilton Place

130 W Bankhead St, New Albany, MS 38652

Historic mixed-use property in downtown New Albany, Mississippi.

Historic Landmark: Own a meticulously preserved historic building (built in 1885 and 1887) in downtown New Albany.
Income‑Producing Asset: Generates approximately $169,000 in annual income with potential to reach $240,000 annually, plus additional income.
Diverse Tenant Mix: Features thriving, long‑term commercial tenants on the first floor.
Updated Residential Condos: Includes four meticulously updated residential condos on the second floor.
Penthouse Potential: Third‑floor penthouse offers a significant opportunity to increase income.

Updated: Mar 6

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in New Albany, MS, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Tupelo Multi-Family Investment Opportunity

$1,590,000

16,400 SF

Tupelo Multi-Family Investment Opportunity

Fourteen-unit multi-family property in Tupelo, Mississippi, with investment potential.

100-124 Mickey Ln., Tupelo, MS 38826

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$4,615,673

169.90 Acres

Agricultural Land Tract with Ponds

169.9-acre agricultural tract with open pasture, wooded draws, multiple ponds, and frontage for flexible land and home use.

County Road 222, Oxford, MS 38655

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$1,590,000

16,400 SF

Tupelo Multifamily Investment Opportunity

Fourteen-unit multifamily property in West Tupelo with investment potential.

100-124 Mickey Lane, Tupelo, MS 38804

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$1,750,000

7,942 SF

Established Rental Property For Sale

Established rental property with income potential on 11.5 acres.

1 CR 4072, Oxford, MS 38655

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

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Residential Lot in Briarwood Subdivision

Almost half-acre residential lot ready for new construction.

Lot 49 Rolling Hills Dr., New Albany, MS 38652

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$38,000

1.50 Acres

Residential Lot in North Oaks

1.5-acre residential lot in North Oaks Subdivision, New Albany.

CR 383 Lot 67, New Albany, MS 38652

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$75,000

2.75 Acres

Residential Lot in Ingomar Community

Beautiful 2.75-acre building lot ready for construction.

Cr 94 Lot 10, New Albany, MS 38652

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$65,000

3.63 Acres

Residential Land in Ingomar Community

3.63 acre residential lot in New Albany, Mississippi.

County Road 94 Lot 7, New Albany, MS 38652

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Off-Market Properties in New Albany, MS

Consider similar Off-Market properties in New Albany, MS. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOBILE HOME PARK, TRAILER PARK

Value Estimation by Request

New Albany, MS 38652

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MOBILE HOME PARK, TRAILER PARK

Lot: 6.10 Acres

Value Estimation by Request

New Albany, MS 38652

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MOBILE HOME PARK, TRAILER PARK

Value Estimation by Request

New Albany, MS 38652

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New Albany, MS Residential Income Properties Market Trends and Statistics

Explore 5 residential income properties for sale in New Albany, MS on our real estate platform. These investment opportunities span a total of 34,510 square feet of properties for sale, with an estimated market value of $6,290,000.

Sale prices for residential income properties in New Albany, MS start at $2,990,000, averaging $3,145,000, and reaching up to $3,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
38652	$3.3M

Neighborhood

Average Price

38652

$3.3M