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46 Beds
46 Baths
42,124 sqft

$1,950,000

1021 Raymond Rd Road, Jackson MS, 39204

Price per sqft$46.29
Built in1967
Property size42,124 sqft
Property typeMulti-family
Listed by Kara S Washington 601-398-2472 with Legacy Real Estate

Overview

Active

Listed Aug 13, 2026

Updated Aug 14

Excellent investment opportunity featuring a 46-unit gated apartment community in Jackson on approximately 2 acres. The property includes 16 one-bedroom flats and 30 spacious two-bedroom townhomes, offering strong value-add potential with a portion of the renovation work already completed. The 16 one-bedroom units have been substantially renovated with updated interior. The 30 townhomes provide significant upside for an investor to complete renovations, increase occupancy, and improve overall rental income and property performance. Positioned along one of South Jackson's established rental corridors, the property is conveniently located near Jackson State University, major roadways, employment centers, shopping, and other area amenities. With its combination of renovated units, remaining value-add potential, and attractive price per unit, this property presents an opportunity for an investor to acquire and reposition a sizable multifamily asset with considerable long-term equity and cash-flow potential.

$12,973/mo

Est. mortgage payment based on a $1,950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4159019

Interior Features

Bedrooms
46
Bathrooms
46
Cooling
Yes
Basement
No

Exterior Features

Lot Size
1.84 Acres

Other Property Details

Taxes
$4,920
Tax Frequency
Annually
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The IDX display contains information sourced from the MLS United as of 8/14/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/14/2026 at 3:26 AM UTC

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