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    409 Third St Jackson, MS 39206

    For Sale
    $299,000

    MULTI_FAMILY - Jackson, MS

    Property size:
    3,150 SF
    Lot size:
    0.21 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 409 Third St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Wood Frames
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 2
    Bedrooms
    5
    Bathrooms
    3
    APN
    0053-0116-000
    Patio and Porch features
    Deck
    Size
    3,150 SF
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1939
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood
    Roof type
    Shingle

    Nix-Tann and Associates (601) 982-7918 [email protected]

    Listing agent Mike Hoffman License #S22757

    Listing date Nov 3, 2025

    MLS# 4113729 Listing URL

    Overview

    Fondren Triplex with Rental Income

    This is a fully leased triplex located in Fondren, with a gross rental income of $2,540. The property consists of three units: one 3-bedroom/1-bathroom unit and two 1-bedroom/1-bathroom units. All units feature wood floors and central heat and air. Washer and dryer connections are available for each unit. Covered parking is provided for each unit. Tenants are responsible for all utilities, including power, gas, and water. The property is well-maintained, and the roof is 3 years old. The property size is 3,150 square feet and sits on a lot of approximately 0.21 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Dental Office Clothing Store Auto Repair Shop Department Store Grocery Store Electrical Service Computer & Electronic Repair Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.176378
    Latitude
    32.344583

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    FAQs

    What type of property is this?
    Triplex - Fully leased triplex in Fondren generating $2,540 monthly income.
    Where is this triplex located?
    The property is located at 409 Third St Jackson, MS.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Fully leased triplex providing immediate rental income of $2,540 gross per month.; - Each unit has central heat and air conditioning.; - Each unit has washer/dryer connections.
    (601) 214-7714
    Request Owner's contact information
    409 Third St Jackson, MS 39206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409 Third St Jackson, MS 39206
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