Jackson Multifamily Investment
For Sale
$312,000
202 - 208 Dunbar Street, Jackson, MS 39216
MULTI_FAMILY - Jackson, MS
Property Size2,025 SF
Price / SF$154.07
Days on Market81
Property Features for 202 - 208 Dunbar Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
10 - Other Mississippi Areas
Standard status
Active
APN
56-8 or 0056-0008-00
Size
2,025 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1349
Building Details
Number of units
4
Listing Agency:
TRUE REAL ESTATE LLC
(662) 206-6577
Listed By:
PAIGE RABUN
(662) 206-6577
Added: May 11
Changed: Jul 21
Last Checked: Jul 30 at 11:06PM
MLS# 26-1058
Copyright © 2026 Golden Triangle Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Jackson, Mississippi, this multifamily property offers functional layouts with comfortable living spaces. The property is suitable for students, medical professionals, or young tenants seeking convenience and affordability. Situated minutes from UMMC, Millsaps College, and Fondren, the location benefits from strong rental demand and a vibrant community atmosphere. The property is fully occupied with year-long leases, offering a turnkey rental opportunity with potential for increased rents. The building size is 2025 square feet.
Key Highlights
- Turnkey rental property with 100% occupancy and year‑long leases in place
- Strong rental demand due to proximity to UMMC, Millsaps College, and Fondren
- Potential to increase rents
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 | $20.7k | $10.20 |
| − Vacancy | −$1.6k | −$0.79 |
| EGI | $19.1k | $9.41 |
| − OpEx | −$5.7k | −$2.82 |
| NOI | $13.3k | $6.59 |
2,025 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.8K – $222.4K
NOI $13,345 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$177.9K
$155.7K – $207.6K
NOI $12,456 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$347.0K
$303.6K – $404.8K
NOI $24,290 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 39216, MS
4,061
Population
2,073
Households
2
Avg Household Size
36
Median Age
64%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$43,315
Median Household Income
$33,839
Median Earnings
$1,128
Median Rent
$249,600
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?
Quadplex - Multifamily property in Jackson, MS, near UMMC and Millsaps.
Where is this quadplex located?
The property is located at 202 - 208 Dunbar Street Jackson, MS.
What is the asking price?
The asking price for this property is $312,000.
What are key features of this property?
This property features: Turnkey rental property with 100% occupancy and year‑long leases in place; Strong rental demand due to proximity to UMMC, Millsaps College, and Fondren; Potential to increase rents
