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46-Unit Gated Apartment Community
For Sale
$1,950,000

1021 Raymond Rd, Jackson, MS 39204

Mixed one-bedroom flats and two-bedroom townhomes include renovated interiors alongside additional renovation scope.

Property Size42,124 SF
Lot Size2.00 Acres
Price / SF$46.29
Days on Market12

Property Features for 1021 Raymond Rd

General Information

Standard status Active
Size 42,124 SF
Lot size 2.00 Acres
Property subtype Residential Income

Units

Unit Mix 16 x 1BR, 30 x 2BR
Multifamily Units 46

Taxes and HOA fees

Annual Taxes $4,919

Amenities

gated
Listing Agency: Legacy Real Estate
Listed By: Kara S Washington · License #B22997
Source: Exprealty
Added: Aug 13 Changed: Aug 22 Last Checked: Aug 23 at 7:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate

Investment Insights

Based on property information with market context.

This 46-unit apartment community at 1021 Raymond Rd includes 42,124 square feet across 16 one-bedroom flats and 30 two-bedroom townhomes. The gated property occupies approximately 2 acres. Interiors in all 16 one-bedroom units have been substantially renovated, while the townhome portion offers additional renovation work for an owner to complete.

The property is in Jackson’s South Jackson rental corridor, near Jackson State University, major roadways, employment centers, shopping, and other area amenities. The unit mix combines flat and townhome layouts within a single multifamily asset, with completed improvements concentrated in the one-bedroom units and remaining work identified in the townhomes.

Key Highlights

  • 46‑unit gated apartment community on approximately 2 acres
  • Unit mix includes 16 one‑bedroom flats and 30 two‑bedroom townhomes
  • Property encompasses 42,124 square feet

Property Analytics

Current Use

Wingfield Town Homes Apartment Building

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

46
Residential units

Location Intelligence

Trade Area within ½ mile

190
Businesses Nearby

Demographics for 39204, MS

15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed one-bedroom flats and two-bedroom townhomes include renovated interiors alongside additional renovation scope.
Where is this apartment building located?
The property is located at 1021 Raymond Rd Jackson, MS.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 46‑unit gated apartment community on approximately 2 acres; Unit mix includes 16 one‑bedroom flats and 30 two‑bedroom townhomes; Property encompasses 42,124 square feet
More about this property
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