Duplex with Carport Laundry
For Sale
$199,000
Pending
1340 Hazel Street, Jackson, MS 39202
Residential, Jackson, MS
Property Size1,270 SF
Lot Size0.08 Acres
Days on Market145
Property Features for 1340 Hazel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Subdivision
Belhaven
Elementary school district
Jackson Public
Middle school district
Jackson Public
High school district
Jackson Public
Standard status
Pending
APN
0015-0056-001
Size
1,270 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50 FT S END LOT 5 BLK 8 & 7.5 FT X 77.4 FT S OF & ADJ MAGRUDERS SECOND SUBN
Tax Annual Amount
2285
Legal Description
50 FT S END LOT 5 BLK 8 & 7.5 FT X 77.4 FT S OF & ADJ MAGRUDERS SECOND SUBN
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
washer/dryer connections
Building Details
Year built
1942
Floors in Building
1
Roof type
Asphalt
Listing Agency:
Neighbor House, LLC
(601) 376-9525
Listed By:
Dallis Ketchum · License #B19966
(601) 376-9525
Added: Apr 10
Changed: Aug 26
Last Checked: Sep 1 at 2:06PM
MLS# 4145553
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1942, this duplex contains 1,270 square feet on a 0.08-acre lot. Each side provides one bedroom and one bathroom, creating a straightforward two-unit layout. The property also includes a carport with washer and dryer connections, an asphalt roof, public water, and public sewer.
The property is located at 1340 Hazel Street in Jackson’s Belhaven area, near Belhaven Town Center, Belhaven University, Jackson State University, Millsaps College, and UMMC. Its residential configuration and nearby institutions provide a defined setting for continued rental use.
The property is located at 1340 Hazel Street in Jackson’s Belhaven area, near Belhaven Town Center, Belhaven University, Jackson State University, Millsaps College, and UMMC. Its residential configuration and nearby institutions provide a defined setting for continued rental use.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom in each unit
- 1,270 square feet on a 0.08‑acre lot
- Carport includes washer and dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,400
$167.4K
Cap Rate 7%
$119,571
$119.6K
Cap Rate 9%
$93,000
$93.0K
Market Conditions
NOI Build-Up for 1,270 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.0K $10.20/SF
− Vacancy
−$997 −$0.79/SF
EGI
$12.0K $9.41/SF
− OpEx
−$3.6K −$2.82/SF
NOI
$8.4K $6.59/SF
Area
Jackson, MS
Vacancy
7.70%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,400
Cap Rate 7%
$119,571
Cap Rate 9%
$93,000
Alternative Uses
Best Use
Multifamily LT 5
$119.6K
$104.6K – $139.5K
NOI $8,370 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$111.6K
$97.7K – $130.2K
NOI $7,812 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$217.6K
$190.4K – $253.9K
NOI $15,234 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer one bedroom and one bathroom each, with washer and dryer connections located in the carport.
Where is this duplex located?
The property is located at 1340 Hazel Street Jackson, MS.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom in each unit; 1,270 square feet on a 0.08‑acre lot; Carport includes washer and dryer connections
