Remodeled 4-Unit
For Sale
$390,000
1050 Monroe Street Unit ABCD, Jackson, MS 39202
Updated two-level units include private patios, central air, and stackable laundry appliances.
Property Size4,703 SF
Price / SF$82.93
Days on Market155
Property Features for 1050 Monroe Street Unit ABCD
General Information
Standard status
Active
Size
4,703 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,332
Amenities
Public Sewer
Two
Central Air
Central
Public
4
8
6.00
4.40
Architectural Shingles, Flat
Rain Gutters
Slab
Brick
Building Details
Year Built
1979
Listing Agency:
Overby, Inc.
(601) 260-0699
Listed By:
Alicen Blanchard · License #B24006
(601) 260-0699
Source:
Compass
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 10:14PM
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 Overby, Inc.
Investment Insights
Based on property information with market context.
This remodeled quadplex contains four two-level units, each arranged with two bedrooms and one and a half bathrooms. The main floor combines the living, dining, and kitchen areas and includes a half bath, while the upper level provides two bedrooms, a full bathroom, a walk-in closet in one bedroom, and stackable washer and dryer appliances. Wood flooring, stainless steel appliances, and private patios are included across the unit configuration.
The 4,703-square-foot property also provides off-street parking, security lighting, central air, and public sewer and water service. Water is included, and the building features brick exterior construction with a slab foundation and architectural shingle and flat roofing. Built in 1979, the property has been thoughtfully updated for continued residential use.
The 4,703-square-foot property also provides off-street parking, security lighting, central air, and public sewer and water service. Water is included, and the building features brick exterior construction with a slab foundation and architectural shingle and flat roofing. Built in 1979, the property has been thoughtfully updated for continued residential use.
Key Highlights
- 4,703‑square‑foot quadplex with 4 two‑bedroom, 1.5‑bath units
- Two‑level layout with combined living, dining, and kitchen areas
- Private patios, wood floors, and stainless steel appliances
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
$30,994
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
7.95%
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%
$619,880
$619.9K
Cap Rate 7%
$442,771
$442.8K
Cap Rate 9%
$344,378
$344.4K
Market Conditions
NOI Build-Up for 4,703 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
$48.0K $10.20/SF
− Vacancy
−$3.7K −$0.79/SF
EGI
$44.3K $9.41/SF
− OpEx
−$13.3K −$2.82/SF
NOI
$31.0K $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%
$619,880
Cap Rate 7%
$442,771
Cap Rate 9%
$344,378
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.4K – $516.6K
NOI $30,994 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.2K
NOI $28,929 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$805.9K
$705.2K – $940.2K
NOI $56,413 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,808
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Updated two-level units include private patios, central air, and stackable laundry appliances.
Where is this quadplex located?
The property is located at 1050 Monroe Street Unit ABCD Jackson, MS.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 4,703‑square‑foot quadplex with 4 two‑bedroom, 1.5‑bath units; Two‑level layout with combined living, dining, and kitchen areas; Private patios, wood floors, and stainless steel appliances
