500 Franklin St - Apartments FOR SALE


Natchez, MS 39120
$647,500 USD
601-431-8575
500 Franklin St, Natchez, MS for Sale
$647,500 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

500 Franklin St
Natchez, MS 39120


OVERVIEW

Own a piece of history in the heart of downtown Natchez with this stunning multi-use building, built in 1890 and filled with original architectural details. Upstairs features two spacious residential units—one a luxurious 2BR/2.5BA with intricate plaster work, ornate interior columns, gold gilded accents, gas stove, and fabric wallpapered half bath. The second 2BR/2BA unit has a chic warehouse vibe, both with soaring ceilings, original strip wood floors, massive original windows with views of Franklin and Commerce, and heavy wood doors. The grand foyer boasts marble floors, an elevator, and wide plank original stairs. Downstairs includes a flexible 1BR/1BA unit perfect as a residence, office, or boutique. A separate large commercial space is ready for renovation with tons of potential. Original plasterwork, cornices, and crown molding add to the building's grandeur. A rare opportunity to invest in downtown Natchez with residential, commercial, and historical value. Roof replaced in 2025. Property is approved for the Balcony Initiative—should be completed in 2026. Historic Tax Credits still available! All measurements and information is approx., buyers should verify.

FOR SALE DETAILS

PRICE

$647,500 USD

PRICE/SF

$84 USD /SF

# OF UNITS

5

PRICE/UNIT

$129,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B3

APN/PARCEL ID

0004-0004-0002

ASK ABOUT THIS PROPERTY

Shannon MeltonRiver Park RealtyMore Info
601-431-8575

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Shannon MeltonRiver Park RealtyMore Info
601-431-8575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.