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.
Active
$1,950,000
1021 Raymond Rd, Jackson, MS 39204
46beds
42,124sqft
Multi Family
Built in 1967
-- sqft lot
$-- Zestimate®
$46/sqft
$-- HOA
What's special
Gated apartment community
- 10 days |
- 147 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kara S Washington 601-398-2472,
Legacy Real Estate 601-398-2472
Source: MLS United,MLS#: 4159019
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 46
- Bathrooms: 46
- Full bathrooms: 46
Heating
- Central, Electric, None
Cooling
- Ceiling Fan(s), Electric, Other
Interior area
- Total structure area: 42,124
- Total interior livable area: 42,124 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Exterior features: Uncovered Courtyard
- Fencing: Wood,Wrought Iron,Fenced
- Waterfront features: None
Lot
- Size: 1.84 Acres
Details
- Parcel number: 63118
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Metes And Bounds
Location
- Region: Jackson
Financial & listing details
- Price per square foot: $46/sqft
- Tax assessed value: $165,230
- Annual tax amount: $4,919
- Date on market: 8/13/2026
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,140/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $1,950,000+204.7%$46/sqft |
Source: MLS United #4159019 Report a problem | ||
| 2/11/2025 | Sold | -- |
Source: MLS United #4049391 Report a problem | ||
| 9/20/2024 | Pending sale | $640,000$15/sqft |
Source: MLS United #4049391 Report a problem | ||
| 8/4/2024 | Price change | $640,000-1.5%$15/sqft |
Source: MLS United #4049391 Report a problem | ||
| 4/25/2024 | Listed for sale | $650,000-31.6%$15/sqft |
Source: MLS United #4049391 Report a problem | ||
| 10/13/2023 | Listing removed | -- |
Source: MLS United #4049391 Report a problem | ||
| 9/13/2023 | Pending sale | $950,000$23/sqft |
Source: MLS United #4049391 Report a problem | ||
| 6/14/2023 | Price change | $950,000-13.6%$23/sqft |
Source: MLS United #4049391 Report a problem | ||
| 6/4/2023 | Listed for sale | $1,100,000$26/sqft |
Source: MLS United #4049391 Report a problem | ||
| 2/1/2019 | Listing removed | $625 |
Source: Zillow Rental Network Report a problem | ||
| 1/26/2019 | Listed for rent | $625+13.6% |
Source: Zillow Rental Network Report a problem | ||
| 10/26/2017 | Listing removed | $550 |
Source: Terramark Real Estate #293998 Report a problem | ||
| 10/24/2017 | Listed for rent | $550 |
Source: Terramark Real Estate #293998 Report a problem | ||
| 2/23/2012 | Sold | -- |
Source: MLS United #1237615 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $24,785 +2.5% |
| 2023 | -- | $24,171 |
| 2022 | -- | $24,171 |
| 2021 | -- | $24,171 +1.7% |
| 2020 | -- | $23,778 |
| 2019 | -- | $23,778 -0.2% |
| 2018 | -- | $23,837 -48% |
| 2017 | $8,461 | $45,870 |
| 2016 | $8,461 | $45,870 +4.4% |
| 2015 | $8,461 +7.5% | $43,946 |
| 2014 | $7,868 | $43,946 |
| 2013 | -- | $43,946 -43.3% |
| 2012 | -- | $77,545 -8% |
| 2011 | -- | $84,262 |
| 2010 | -- | $84,262 |
| 2009 | -- | $84,262 |
| 2008 | -- | $84,262 +14.7% |
| 2007 | -- | $73,493 |
| 2005 | -- | $73,493 |
| 2004 | -- | $73,493 |
| 2003 | -- | $73,493 |
| 2002 | -- | $73,493 +23.1% |
| 2000 | -- | $59,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Citizens Southwest
Nearby schools
GreatSchools rating
- 1/10Wilkins Elementary SchoolGrades: K-5Distance: 0.3 mi
- 1/10Peeples Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Jim Hill High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Bates
- Middle: Cardoza Middle
- High: Forest Hill
Source: MLS United. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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