Income Duplex with Separate
2012 Woodlawn Street Unit 14 Jackson, MS 39203
2012 Woodlawn Street Unit 14, Jackson, MS, 39203
$75,900
For Sale
$75,900
Duplex features two 1 bed, 1 bath units, each with its own electric, gas, and water meter.
Property Size1,046 SF
Price / SF$72.56
Days on Market183
Property Features for 2012 Woodlawn Street Unit 14
General Information
- Standard status
- Active
- Size
- 1,046 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
The Kommany Group LLC
(601) 454-5714
Listed by
Darouny Kommany · License #B18951
(601) 454-5714
Source
Compass
Added: Jan 20 Updated: Jul 22 at 5:21PM Checked: Jul 22 at 5:21PM
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 The Kommany Group LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate 1 bedroom, 1 bathroom units, one on each side of the building. Each unit has its own electric, gas, and water meter, supporting independent utility billing. The property is being offered as an “as is” sale.
The duplex is positioned near main roads and bus stops, with shopping and dining nearby. It is described as minutes from the Medical Mall and Jackson State University.
The seller reports the duplex is currently rented for $615 per unit.
The duplex is positioned near main roads and bus stops, with shopping and dining nearby. It is described as minutes from the Medical Mall and Jackson State University.
The seller reports the duplex is currently rented for $615 per unit.
Key Highlights
- Duplex with two 1 bed, 1 bath units
- Each unit has its own electric, gas, and water meter
- Currently rented for $615 per unit
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 | $10.7k | $10.20 |
| − Vacancy | −$822 | −$0.79 |
| EGI | $9.8k | $9.41 |
| − OpEx | −$3.0k | −$2.82 |
| NOI | $6.9k | $6.59 |
1,046 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$98.5K
$86.2K – $114.9K
NOI $6,893 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$91.9K
$80.4K – $107.2K
NOI $6,434 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$179.2K
$156.8K – $209.1K
NOI $12,547 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex features two 1 bed, 1 bath units, each with its own electric, gas, and water meter.
Where is this duplex located?
The property is located at 2012 Woodlawn Street Unit 14 Jackson, MS.
What is the asking price?
The asking price for this property is $75,900.
What are key features of this property?
This property features: Duplex with two 1 bed, 1 bath units; Each unit has its own electric, gas, and water meter; Currently rented for $615 per unit
