Two-Unit
For Sale
$199,000
Pending
1340 Hazel Street, Jackson, MS 39202
Residential, Jackson, MS
Property Size1,270 SF
Lot Size0.08 Acres
Days on Market190
Property Features for 1340 Hazel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway
Appliances
Refrigerator, Electric Range
Subdivision
Belhaven
Elementary school district
Jackson Public
Middle school district
Jackson Public
High school district
Jackson Public
Standard status
Pending
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
Legal Description
50 FT S END LOT 5 BLK 8 & 7.5 FT X 77.4 FT S OF & ADJ MAGRUDERS SECOND SUBN
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer connections
Building Details
Year built
1942
Floors in Building
1
Roof type
Asphalt
Listing Agency:
Neighbor House, LLC
Listed By:
Dallis Ketchum · License #B19966
(601) 376-9525
Added: Apr 10
Changed: Oct 8
Last Checked: Oct 16 at 12:06PM
MLS# 4145553
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bathroom residences, with a combined building area of 1,270 square feet on a 0.08-acre lot. Built in 1942, the property has central heating and air conditioning, a driveway, and washer and dryer connections in the carport. Public water and sewer serve the property.
The duplex is in Jackson, near Belhaven Town Center, Belhaven University, Jackson State University, Millsaps College, and the University of Mississippi Medical Center.
The duplex is in Jackson, near Belhaven Town Center, Belhaven University, Jackson State University, Millsaps College, and the University of Mississippi Medical Center.
Key Highlights
- Two one‑bedroom, one‑bathroom residences
- 1,270 square feet of building area on a 0.08‑acre lot
- Built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,370
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,400
$167.4K
Cap Rate 7%
$119,571
$119.6K
Cap Rate 9%
$93,000
$93.0K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$13.0K $10.20/SF
− Vacancy
−$997 −$0.79/SF
EGI
$12.0K $9.41/SF
− OpEx
−$3.6K −$2.82/SF
NOI
$8.4K $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%
$167,400
Cap Rate 7%
$119,571
Cap Rate 9%
$93,000
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,436
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 - Each residence has one bedroom and one bathroom, with laundry connections located in the carport.
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: Two one‑bedroom, one‑bathroom residences; 1,270 square feet of building area on a 0.08‑acre lot; Built in 1942
