Updated 2-Unit
For Sale
$229,000
1101-1102 Jamestown Way, Jackson, MS 39211
Fully leased duplex with refreshed interiors, central heating and air, fireplaces, and fenced outdoor space.
Property Size2,600 SF
Price / SF$88.08
Days on Market117
Property Features for 1101-1102 Jamestown Way
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,397
Amenities
Public Sewer
Two
Ceiling Fan(s), Central Air
Fireplace(s), Natural Gas
Vinyl
Public
4
1
5
Granite Counters
4.50
4.10
Shingle
No
Slab
Brick Veneer, Siding
Building Details
Year Built
1978
Listing Agency:
Realty ONE Group Prime
(601) 906-8617
Listed By:
Cathy L Morgigno · License #B19052
(601) 906-8617
Source:
Compass
Added: May 8
Changed: Aug 30
Last Checked: Aug 31 at 10:23PM
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 Realty ONE Group Prime
Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex, built in 1978, contains two leased residences with distinct layouts. Unit 1101 offers two bedrooms and 1.5 baths, while Unit 1102 provides three bedrooms and two baths. Recent improvements include granite countertops, vinyl flooring, and carpeting. Both residences include kitchen appliances, microwaves, central heating and air, and fireplace features. Sliding doors connect the living areas to patios, and the fenced backyard provides enclosed outdoor space.
The property is located at 1101-1102 Jamestown Way in Jackson, Mississippi. Public sewer and public water serve the property, which has a slab foundation and exterior finishes consisting of brick veneer and siding. The leased configuration provides an established two-residence setup for a buyer seeking a residential income property.
The property is located at 1101-1102 Jamestown Way in Jackson, Mississippi. Public sewer and public water serve the property, which has a slab foundation and exterior finishes consisting of brick veneer and siding. The leased configuration provides an established two-residence setup for a buyer seeking a residential income property.
Key Highlights
- 2,600 SF duplex with two leased residences
- Unit 1101: 2 bedrooms and 1.5 baths
- Unit 1102: 3 bedrooms and 2 baths
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
$17,135
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
7.48%
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%
$342,700
$342.7K
Cap Rate 7%
$244,786
$244.8K
Cap Rate 9%
$190,389
$190.4K
Market Conditions
NOI Build-Up for 2,600 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
$26.5K $10.20/SF
− Vacancy
−$2.0K −$0.79/SF
EGI
$24.5K $9.41/SF
− OpEx
−$7.3K −$2.82/SF
NOI
$17.1K $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%
$342,700
Cap Rate 7%
$244,786
Cap Rate 9%
$190,389
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.6K
NOI $17,135 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$228.5K
$199.9K – $266.6K
NOI $15,993 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$445.5K
$389.9K – $519.8K
NOI $31,188 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 39211, MS
24,900
Population
11,334
Households
2.2
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
2,024
Density / Sq Mi
$68,415
Median Household Income
$40,523
Median Earnings
$1,273
Median Rent
$198,300
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 - Fully leased duplex with refreshed interiors, central heating and air, fireplaces, and fenced outdoor space.
Where is this duplex located?
The property is located at 1101-1102 Jamestown Way Jackson, MS.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2,600 SF duplex with two leased residences; Unit 1101: 2 bedrooms and 1.5 baths; Unit 1102: 3 bedrooms and 2 baths
