Fully Leased
For Sale
$180,000
1133 Quinn St, Jackson, MS 39202
Two-unit residential income property with one tenancy secured under a multi-year lease.
Property Size1,850 SF
Price / SF$97.30
Days on Market48
Property Features for 1133 Quinn St
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$18,600
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
Wright & Company
Listed By:
Judson Wright
(601) 953-7903
Source:
Fiorellaavenue
Added: Sep 1
Changed: Oct 7
Last Checked: Oct 16 at 2:17PM
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 Wright & Company
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Investment Insights
Based on property information with market context.
This duplex contains two residential units and is currently fully leased. One unit is committed under a multi-year lease, providing defined lease duration within the existing occupancy profile.
The property is located at 1133 Quinn Street in Jackson, Mississippi, within the Belhaven neighborhood. Its two-unit configuration and current leasing status support continued use as a residential income property.
The property is located at 1133 Quinn Street in Jackson, Mississippi, within the Belhaven neighborhood. Its two-unit configuration and current leasing status support continued use as a residential income property.
Key Highlights
- Two‑unit duplex configuration
- Both units are fully leased
- One unit has a multi‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,192
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,840
$243.8K
Cap Rate 7%
$174,171
$174.2K
Cap Rate 9%
$135,467
$135.5K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$18.9K $10.20/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$17.4K $9.41/SF
− OpEx
−$5.2K −$2.82/SF
NOI
$12.2K $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 Rate 5%
$243,840
Cap Rate 7%
$174,171
Cap Rate 9%
$135,467
Alternative Uses
Best Use
Multifamily LT 5
$174.2K
$152.4K – $203.2K
NOI $12,192 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,380 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$317.0K
$277.4K – $369.9K
NOI $22,191 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,462
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with one tenancy secured under a multi-year lease.
Where is this duplex located?
The property is located at 1133 Quinn St Jackson, MS.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Both units are fully leased; One unit has a multi‑year lease
