Of course.
An address is a 32-bit pattern, and any 32-bit word of main storage can hold that. For example, here is a fragment of a program:
.text
sub1: li $v0,4
la $a0,messH
syscall
jr $ra
.data
messH: .asciiz "Hello "
.text
sub2: li $v0,4
la $a0,messW
syscall
jr $ra
.data
messW: .asciiz "World\n"
.data
sub1add: .word sub1
sub2add: .word sub2
The symbolic address sub1
stands for whatever 32-bit address
the first byte of the first subroutine
gets loaded into at run time.
In the final .data section
of the program,
the address represented by sub1
is stored in memory,
at the symbolic address sub1add.
The source code interleaves text and data, but the assembler and loader will put all machine code into the text section of memory and all data into the data section of memory.