Lee County · Tupelo
Sell Your Commercial Property In Tupelo, MS
From Downtown Tupelo to Belden, we buy Tupelo multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Tupelo · Saltillo · Belden · Verona — Lee County, MS
Local Demand
Our View On Tupelo
Tupelo has 5,688 renter households, 59.7% of Lee County's 9,524, per Census ACS 2020-2024. Median gross rent is $976 a month, and rental vacancy is 5.7%, below the 8.2% Mississippi rate. Median household income in Tupelo is $66,257, against $56,447 across Mississippi.
Owners who sell commercial property in Tupelo, MS face buyers who price a 135.96-mill tax rate and stock that is 47.9% pre-1980. This page covers Tupelo renters, HUD FY2027 rents, Lee County taxes with a $2 million example and Mississippi landlord rules.
North Mississippi Medical Center
North Mississippi Health Services describes North Mississippi Medical Center-Tupelo as a 640-bed regional referral center.Manufacturing payrolls
Manufacturing employs 3,741 Tupelo residents, 21.4% of workers, against 13.0% statewide, per ACS 2020-2024 profile DP03.Toyota in Blue Springs
Toyota's Corolla plant sits in Blue Springs, outside Tupelo; its April 2017 fact sheet cited nearly 2,000 workers.Our Buy Box
What We Buy In Tupelo
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Tupelo Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Tupelo
Renters occupy 36.6% of Tupelo homes, or 5,688 of 15,553 households, per Census ACS 2020-2024 table B25003. Lee County's renter share is 29.2%. Apartment buildings of five or more units hold 15.3% of Tupelo housing, against 9.2% statewide, per table B25024.
About 47.9% of Tupelo homes were built before 1980, per table B25034. Owners selling commercial property in Tupelo should expect buyers to budget capital for that older stock.
Rents and affordability in Tupelo
Median gross rent in Tupelo is $976 a month, per ACS 2020-2024 table B25064. That sits $68 below HUD's FY2027 two-bedroom fair market rent for Lee County. Rental vacancy is 5.7%, against 8.2% statewide, per profile DP04.
Some 53.5% of Tupelo renters spend 30% or more of income on rent, per table B25070. Owners who sell commercial real estate in Tupelo, MS should expect buyers to test rent growth against that burden.
| Unit size | HUD FY2027 FMR, Lee County, MS |
|---|---|
| Efficiency | $921 |
| One-bedroom | $924 |
| Two-bedroom | $1,044 |
| Three-bedroom | $1,319 |
| Four-bedroom | $1,372 |
Property taxes in Lee County
A $2,000,000 apartment property inside Tupelo carries about $40,788 a year in property tax. Apartments fall in Class II, assessed at 15% of true value, per the Mississippi Department of Revenue. The 2024-2025 Tupelo rate is 135.96 mills: Lee County 39.70, Tupelo School District 63.79 and Tupelo 32.47, per DOR millage schedules.
The math is $2,000,000 times 15% equals $300,000 assessed, times 135.96 mills equals $40,788. Anyone planning to sell commercial property in Tupelo, MS should expect buyers to price that 2.04% effective load into cap rates.
Landlord rules in Mississippi
- Deposits: Mississippi sets no cap, and the unclaimed balance is due within 45 days, per Miss. Code s. 89-8-21.
- Nonpayment: the termination notice gives the tenant 3 days to pay, per Miss. Code s. 89-8-13.
- Rent control: towns may not regulate private residential rent without legislative approval, per Miss. Code s. 21-17-5.
What it means for an owner
Tupelo pairs 5.7% vacancy with $976 median rent and a 135.96-mill tax rate. If you plan to sell your apartment building in Tupelo, run the numbers in our cap rate calculator first.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell commercial property in Tupelo, MS with a direct buyer, start on our sell my apartment building page.
Before You Sell
Selling In Tupelo
More about selling in Mississippi →Investing in Tupelo? See apartment syndications in Tupelo →
- Lee County's 2024-2025 rate inside Tupelo is 135.96 mills on a 15% Class II assessment.
- Tupelo rental vacancy of 5.7% runs below Mississippi's 8.2%, per ACS 2020-2024.
- Owners who sell commercial real estate in Tupelo, MS can pair this data with a cap rate check.
Seller Guides
Your Situation, Handled — Tupelo
Learn More
Taxes & Rules For Tupelo Property
The Mississippi rules that shape any deal in Tupelo: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Tupelo Seller FAQ
How much property tax does a Tupelo apartment building pay?
A $2,000,000 Tupelo apartment property pays about $40,788 a year. Mississippi assesses apartments at 15% of true value, giving $300,000. The 2024-2025 Tupelo rate of 135.96 mills combines Lee County, the Tupelo School District and the city, per the Department of Revenue.
What do I need to know to sell commercial property in Tupelo, MS?
Buyers start with rent, vacancy and taxes. Tupelo median gross rent is $976, rental vacancy is 5.7% and the tax rate is 135.96 mills. About 47.9% of Tupelo homes predate 1980, so buyers also budget for roofs, plumbing and systems on older buildings.
Can Tupelo cap the rent I charge?
No. Mississippi Code section 21-17-5 bars municipalities from regulating rent on private residential property without prior legislative approval. Tupelo owners set rents by market, which buyers weigh against a 53.5% share of renters paying 30% or more of income on rent.
How fast can I sell commercial real estate in Tupelo, MS?
Timing depends on the buyer. A direct buyer that purchases 5+ unit buildings can skip listing and financing steps. If you plan to sell multifamily property in Tupelo, have rent rolls, leases and the latest Lee County tax bill ready before talks begin.
How much rent can I expect in Tupelo?
Median gross rent in Tupelo is $976 a month, per ACS 2020-2024. HUD's FY2027 fair market rents for Lee County run $924 for a one-bedroom and $1,044 for a two-bedroom, effective October 1, 2026. Vacancy sits at 5.7%.
What if my Tupelo building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Tupelo apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Tupelo?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Tupelo?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Tell Us About Your Property In Tupelo
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
