Fully Entitled Multifamily Development Opportunity – Oxford, MS. Rare opportunity to acquire a fully entitled 1-acre multifamily development site just minutes from the University of Mississippi. Located on Anchorage Road north of Anderson Road, this highly desirable location offers convenient access to campus, retail, dining, and Oxford's strongest rental market. The property includes permit-ready, fully approved development plans, allowing a buyer to move directly toward construction while avoiding the time and expense of the entitlement process. The thoughtfully designed project maximizes bedroom count without compromising quality, delivering an attractive, upscale product designed to meet strong student and workforce housing demand. An ideal opportunity for developers looking to enter or expand within the thriving Oxford/Ole Miss market with minimal development risk and a streamlined path to completion.
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Around this home
Schools
K - 12
Preschool & daycare
Oxford Elementary School
Public 4-5 • Assigned • 2.9mi
8/10
Oxford Intermediate School
Public 6 • Assigned • 3.0mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Approximately 1.03 acres
Home design
Lot/land property (vacant lot)
Construction
Zoned OXFORD - SMF
Sale and tax history for 197 Anchorage Rd
Sale History
Tax History
Date
Event
Price
NCMBR #167998
Sep 23, 2026
Price Changed
$595,000
Jul 13, 2026
Listed
$650,000
NCMBR #156929
Feb 2, 2024
Sold
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Jan 25, 2024
Pending
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Nov 1, 2023
Listed
$295,000
+5
This 1.029-acre site, zoned for suburban multi-family use, is a rare find! With potential for 8 free-standing units, it's a fantastic opportunity for students and investors, especially due to its proximity to Jackson Ave and the Ole Miss campus. Act quickly, as small land development opportunities like this are in high demand!
NCMBR #151862
Jan 4, 2023
Listed
$275,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Vacant Land
County
Lafayette County
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Last updated by owner on Apr 10, 2023.
Historical weather
Oxford, MS • 38655
Average low and high temperatures (°F)
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56
38
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Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Oxford. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 197 Anchorage Rd
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