Address
402-408 Olive Branch Way, Oxford, MS
Price
$ 2,300,000
Property Attributes
- MLS#167084
- TypeMulti-Family
- Listing Status Active
- CountyLAFAYETTE
- CityOxford
- AreaNorthwest
- NeighborhoodRowandale
- Zip38655
- StyleMulti Family
- Year Built2007
- Taxes$ 25897
- Price$ 2,300,000
- Bedrooms16
- Full Bathrooms16
- Half Bathrooms0
- Sqr Footage8000
Data Source:
North Central Mississippi REALTORS®
Property Description
4 DETACHED UNITS AT ROWANDALE. 402, 404, 406, & 408 Olive Branch Way. Rare opportunity to own four fully rented condo units in the highly super popular Rowandale community. This turnkey investment package offers immediate cash flow. Well maintained and consistently occupied, these units are ideally located just minutes from campus, making them extremely desirable to tenants. Residents enjoy access to a community pool, pickleball courts, and inviting outdoor spaces. Strong rental history, prime location, and low-maintenance ownership make this a standout addition to any portfolio.
| Price History | |
|---|---|
| 4/7/2026 | Listed $2,300,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Electric |
| Possession | Subject To Tenant Rights |
| Roof | Architectural |
| HOA Fee | 275 |
| Construction Materials | Stone,Other |
| Year Built | 2007 |
| Electric | Oxford |
| Tenant Pays | Electricity,Water,Deposit,Heat/Air,Sewer |
| Stories Count | 1 |
| Property Subtype | Multi Family |
| Parcel Number | 135C16032.28 |
| OwnerPays | Trash Collection,Exterior Maintenance,Other |
| Community Features | Pool,Tennis Court(s),Clubhouse |
| County | Lafayette |
| Property Type | Residential Income |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | Rowandale |
| Garage Y/N | No |
| Total Rooms | 24 |
| Status | Active |
| Directions | At the intersection of N Lamar and Molly Barr,turn left. Rowandale will be on the right. Second Rowandale entrance,left on Olive Branch Way and the properties will be on the right. |
| City | Oxford |
| High School District | Oxford |
| Zoning Description | SUBDIVISION COVENANT |
| Number Of Units Total | 4 |
| MLS Area | Northwest |
| Lot Size Units | Square Feet |
| Carport Y/N | No |
| Number of Units Leased | 4 |
| Property Attached Y/N | No |
| Tax Annual Amount | 25897 |
| Virtual Tour | https://tour.usamls.net/402408-Olive-Branch-Way-Oxford-MS-38655/unbranded |
| Structure Type | Other-See Remarks |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Oxford |
| Elementary School District | Oxford |
| Total Actual Rent | 16000 |
| Legal Description | As Recorded |
| Freehold | IDX,BBO |
Interior Features
| Flooring | Group A(Hardwoods),Group B(Hardwoods),Group C(Hardwoods),Group D(Hardwoods) |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Laundry Features | Group A Washer/Dryer Connection,Group B Washer/Dryer Connection,Group C Washer/Dryer Connection,Group D Washer/Dryer Connection,Individual Laundry |
| Total Bedrooms | 16 |
| LivingAreaSource | Assessor |
| Total Baths | 16 |
Exterior Features
| Parking Features | Assigned,Off Street |
|---|---|
| Water Source | Public |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 8000 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 38655
Price
Taxes
Year Built
Visits
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