6-Unit Apartment
New
For Sale
$269,900
1632 Shirley Ave, Jackson, MS 39204
All six residences have a one-bedroom, one-bathroom layout.
Property Size3,152 SF
Price / SF$85.63
Days on Market7
Property Features for 1632 Shirley Ave
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Building Details
Year Built
1965
Listing Agency:
Legacy Real Estate
Listed By:
Kara S Washington · License #B22997
(601) 398-2472
Source:
Fiorellaavenue
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 3:29PM
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 Legacy Real Estate
Investment Insights
Based on property information with market context.
Built in 1965, this 3,152-square-foot multifamily property contains six apartments, each arranged with one bedroom and one bathroom. Off-street parking serves the property. Most units are occupied, with leasing activity continuing.
Key Highlights
- Six apartments, each with one bedroom and one bathroom
- 3,152 square feet; built in 1965
- Most units occupied, with leasing activity underway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,389
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,780
$387.8K
Cap Rate 7%
$276,986
$277.0K
Cap Rate 9%
$215,433
$215.4K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$37.8K $12.00/SF
− Vacancy
−$2.6K −$0.82/SF
EGI
$35.3K $11.18/SF
− OpEx
−$15.9K −$5.03/SF
NOI
$19.4K $6.15/SF
Area
Jackson, MS
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,780
Cap Rate 7%
$276,986
Cap Rate 9%
$215,433
Alternative Uses
Best Use
Apartment 5plus
$277.0K
$242.4K – $323.2K
NOI $19,389 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.1K
$472.6K – $630.2K
NOI $37,809 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - All six residences have a one-bedroom, one-bathroom layout.
Where is this apartment building located?
The property is located at 1632 Shirley Ave Jackson, MS.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bathroom; 3,152 square feet; built in 1965; Most units occupied, with leasing activity underway
