Income Duplex with Separate
For Sale
$75,900
2012 Woodlawn Street Unit 14, Jackson, MS 39203
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 Market191
Property Features for 2012 Woodlawn Street Unit 14
General Information
Standard status
Active
Size
1,046 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
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
Changed: Jul 22
Last Checked: Jul 30 at 11:49AM
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
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 39203, MS
4,395
Population
2,806
Households
1.6
Avg Household Size
38
Median Age
17%
College-Educated
72%
High-School Grad
2.3 sq mi
ZIP Area
1,911
Density / Sq Mi
$27,116
Median Household Income
$23,773
Median Earnings
$739
Median Rent
$53,000
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?
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
