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Active
  • $1,950,000

    1021 Raymond Rd, Jackson, MS 39204

    46beds
    42,124sqft
    : 
    $12,058/mo
    Get pre-qualified
    Multi Family
    Built in 1967
    -- sqft lot
    $-- Zestimate®
    $46/sqft
    $-- HOA

    What's special

    Gated apartment community
    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.
    10 days
    |
    147
    |
    5
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    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

        Not available

        Estimated sales range

        Not available

        $1,140/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$1,950,000+204.7%$46/sqft
        Source: MLS United #4159019 Report a problem
        2/11/2025Sold--
        Source: MLS United #4049391 Report a problem
        9/20/2024Pending sale$640,000$15/sqft
        Source: MLS United #4049391 Report a problem
        8/4/2024Price change$640,000-1.5%$15/sqft
        Source: MLS United #4049391 Report a problem
        4/25/2024Listed for sale$650,000-31.6%$15/sqft
        Source: MLS United #4049391 Report a problem
        10/13/2023Listing removed--
        Source: MLS United #4049391 Report a problem
        9/13/2023Pending sale$950,000$23/sqft
        Source: MLS United #4049391 Report a problem
        6/14/2023Price change$950,000-13.6%$23/sqft
        Source: MLS United #4049391 Report a problem
        6/4/2023Listed for sale$1,100,000$26/sqft
        Source: MLS United #4049391 Report a problem
        2/1/2019Listing removed$625
        Source: Zillow Rental Network Report a problem
        1/26/2019Listed for rent$625+13.6%
        Source: Zillow Rental Network Report a problem
        10/26/2017Listing removed$550
        Source: Terramark Real Estate #293998 Report a problem
        10/24/2017Listed for rent$550
        Source: Terramark Real Estate #293998 Report a problem
        2/23/2012Sold--
        Source: MLS United #1237615 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Citizens Southwest

        Getting around

        26 / 100
        Car-Dependent
        22 / 100
        Minimal Transit
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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