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253 N Natchez Dr 3 Unit Apartment Building $1,468,000 ($489,333/Unit) Madison, MS 39110
Investment Highlights
- Rare three-unit mixed-use asset in Lost Rabbit Town Center
- Ground-floor commercial suite vacant and available for lease or owner-user occupancy
- Modern new construction
- Two occupied residential units generating immediate cash flow
- Premium walkable location near Ross Barnett Reservoir
- Limited comparable mixed-use inventory in Madison market
Executive Summary
Exceptional opportunity to acquire a boutique mixed-use investment property in the heart of Lost Rabbit Town Center in Madison, Mississippi. This architecturally distinctive three-unit building offers a rare combination of immediate income, leasing upside, and long-term location value.
The property consists of a ground-floor commercial retail suite currently vacant and available for lease, along with two upper-level residential units that are tenant occupied . Located within one of the area’s most desirable live-work-play communities near the Ross Barnett Reservoir, this asset offers strong appeal to investors seeking stable income with future upside, owner-users looking to occupy the commercial space, or buyers searching for a unique long-term hold.
Rarely do properties of this quality, design, and mixed-use functionality become available in the Madison market.
The property consists of a ground-floor commercial retail suite currently vacant and available for lease, along with two upper-level residential units that are tenant occupied . Located within one of the area’s most desirable live-work-play communities near the Ross Barnett Reservoir, this asset offers strong appeal to investors seeking stable income with future upside, owner-users looking to occupy the commercial space, or buyers searching for a unique long-term hold.
Rarely do properties of this quality, design, and mixed-use functionality become available in the Madison market.
Property Facts
| Price | $1,468,000 | Lot Size | 0.04 AC |
| Price Per Unit | $489,333 | Building Size | 4,050 SF |
| Sale Type | Investment | Average Occupancy | 63% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Building Class | B | ||
| Zoning | Special Purpose - Special Purpose | ||
| Price | $1,468,000 |
| Price Per Unit | $489,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 4,050 SF |
| Average Occupancy | 63% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | Special Purpose - Special Purpose |
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Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 072A-12C-002/04 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $31,671 |
Property Taxes
Parcel Number
072A-12C-002/04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$31,671
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253 N Natchez Dr
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