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    1225 Bailey Ave Jackson, MS 39203

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    For Sale
    Contact for pricing

    64-unit multi-family property in Jackson, MS, with value-add potential.

    Property size:
    36,685 SF

    Property Features for 1225 Bailey Ave

    General Information

    Size
    36,685 SF

    Building Details

    Year built
    1950

    Source: Clayton Kirkland Agent Clayton Kirkland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Buildings Value-Add Opportunity

    This property is a 36,685 square foot multi-family complex featuring 64 units within sixteen, two-story buildings. Each unit offers two bedrooms and one bathroom, with an approximate area of 900 square feet. Constructed in 1950, the complex underwent partial renovations in 2023 and is currently 90% occupied. Situated on 2.66 acres, the property has been newly fenced and gated. A laundry facility is available on-site. The current owner has invested $254,549 in improvements, including unit renovations, air conditioner and water heater installations, as well as roof and exterior repairs. Located on Bailey Avenue between Elm Street and Ash Street in Jackson, MS, the property is less than two miles from the University of Mississippi Medical Center, Millsaps College, Belhaven University, and Mississippi Baptist Medical Center. The Jackson Amtrak Station, serviced by the City of New Orleans passenger rail line, is located within a mile. Public bus lines are accessible along Bailey Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mayfair Apartments Apartment Building Bridge Haven Apartments ... Apartment Building Heavens Celebrity Boutique Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1947902
    Latitude
    32.3158086

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    FAQs

    What type of property is this?
    Apartment building - 64-unit multi-family property in Jackson, MS, with value-add potential.
    Where is this apartment building located?
    The property is located at 1225 Bailey Ave Jackson, MS.
    What are key features of this property?
    This property features: - Value-add opportunity with potential for increased revenue through further renovations and improvements.; - **High 90% occupancy rate** indicates strong demand and immediate income generation.; - **Prime location** near major employers and universities.
    (601) 213-8538
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    1225 Bailey Ave Jackson, MS 39203
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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
    1225 Bailey Ave Jackson, MS 39203
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