96-Unit Multifamily Value-Add
For Sale
Contact for pricing
700 - 712 North Jefferson Street, Jackson, MS 39202
Value-add multifamily opportunity in Belhaven neighborhood, Jackson.
Property Size75,500 SF
Lot Size2.42 Acres
Days on Market147
Property Features for 700 - 712 North Jefferson Street
General Information
Standard status
Active
Size
75,500 SF
Lot size
2.42 Acres
Property subtype
Multifamily
Building Details
Year Built
1960
Listing Agency:
(601) 213-8538
Listed By:
Clayton Kirkland
(601) 213-8538
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 30 at 5:27AM
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 Clayton Kirkland
Investment Insights
Based on property information with market context.
Deville Apartments presents a value-add opportunity. The property consists of two three-story multifamily buildings, originally constructed in 1960. Partial renovations have been completed within the past 12 months. The property includes 96 dwelling units totaling approximately 75,500 square feet, situated on 2.42 acres in the Belhaven neighborhood of Jackson. Located in the Belhaven Heights area, the property is positioned along the eastern right-of-way line of N. Jefferson Street, north of High Street and south of E. Fortification Street. The property currently has 85% occupancy, with potential for lease-up upside. Capital improvements of over $1.5 million have been deployed, with approximately $14,000 invested per renovated unit on the majority of units. There are 38 units remaining for renovation and rent growth. Electrical panel upgrades have been completed. A newly implemented RUBS program is adding approximately $56,000 in annual income. The gated community includes onsite laundry and resident amenities. The property is located in Belhaven, near downtown and the medical district of Jackson.
Key Highlights
- Value‑Add Opportunity: 38 units ready for renovation, unlocking significant rent growth.
- High Occupancy: Currently 85% occupied, presenting lease‑up potential.
- Significant Capital Improvements: Over $1.5MM invested in property upgrades.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,209
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily opportunity in Belhaven neighborhood, Jackson.
Where is this apartment building located?
The property is located at 700 - 712 North Jefferson Street Jackson, MS.
What are key features of this property?
This property features: Value‑Add Opportunity: 38 units ready for renovation, unlocking significant rent growth.; High Occupancy: Currently 85% occupied, presenting lease‑up potential.; Significant Capital Improvements: Over $1.5MM invested in property upgrades.
