Belhaven Duplex
1340 Hazel Street Jackson, MS 39202
1340 Hazel Street, Jackson, MS, 39202
$199,000
For Sale
$199,000
DUPLEX - Jackson, MS
Property Size1,270 SF
Lot Size0.08 Acres
Price / SF$156.69
Days on Market98
Property Features for 1340 Hazel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 0015-0056-001
- Size
- 1,270 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 50 FT S END LOT 5 BLK 8 & 7.5 FT X 77.4 FT S OF & ADJ MAGRUDERS SECOND SUBN
- Tax Annual Amount
- 2285
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Roof type
- Asphalt
Listing Agency
Neighbor House, LLC
(601) 376-9525
1104 Jefferson Street, Jackson, MS
Listed by
Dallis Ketchum · License #B19966
(601) 376-9525
Added: Apr 10 Checked: Jul 16 at 10:06 pm
MLS# 4145553
Listing URL
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Investment Insights
Based on property information with market context.
This duplex property, situated in Belhaven, presents a rare opportunity. Each side of the duplex features one bedroom and one bathroom. The property is suitable as a rental, with proximity to the Belhaven Town Center, Belhaven University, Jackson State University (JSU), Millsaps College, and the University of Mississippi Medical Center (UMMC). Washer and dryer connections are located in the carport. The property has a size of 1270 square feet and is located on a lot of approximately 0.08 acres.
Key Highlights
- Duplex built in 1942 with public water service and public sewer
- Roof type: asphalt
- Each side has 1 bedroom and 1 bathroom (total of 2 bedrooms and 2 bathrooms)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.0k | $10.20 |
| − Vacancy | −$997 | −$0.79 |
| EGI | $12.0k | $9.41 |
| − OpEx | −$3.6k | −$2.82 |
| NOI | $8.4k | $6.59 |
1,270 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$119.6K
$104.6K – $139.5K
NOI $8,370 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$111.6K
$97.7K – $130.2K
NOI $7,812 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$217.6K
$190.4K – $253.9K
NOI $15,234 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in Belhaven near universities and town center.
Where is this duplex located?
The property is located at 1340 Hazel Street Jackson, MS.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex built in 1942 with public water service and public sewer; Roof type: asphalt; Each side has 1 bedroom and 1 bathroom (total of 2 bedrooms and 2 bathrooms)
