Union County, 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 11 Potential Opportunities for your consideration. Besides 2 Active listings in Union County, MS, we suggest exploring several alternatives: similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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 Union County, MS

Consider similar Off-Market properties in Union County, 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.