Two-Rental Duplex
2039 South Ridge Road Byram, MS 39272
2039 South Ridge Road, Byram, MS, 39272
$278,000
For Sale
$278,000
Two tenant-occupied homes on one lot each have separate rental income potential.
Property Size3,210 SF
Price / SF$86.60
Days on Market100
Property Features for 2039 South Ridge Road
General Information
- Standard status
- Active
- Size
- 3,210 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing agency
Keller Williams
(601) 977-9411
Listed by
Michael Manuel · License #S49391
(601) 977-9411
Source
Compass
Added: Apr 15 Updated: Jul 22 at 9:05PM Checked: Jul 22 at 9:05PM
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 Keller Williams
Investment Insights
Based on property information with market context.
This offering includes two residential income homes on a single lot. The first is a spacious two-story 4-bedroom, 2-bath home that is currently rented. The second is a recently renovated 2-bedroom, 1-bath home that is also rented.
Both homes are tenant-occupied, and the tenants pay all utilities. Across both residences there are 6 bedrooms and 3 bathrooms total.
The property configuration provides two separate rental homes under one ownership on the same lot, with each residence currently occupied.
Both homes are tenant-occupied, and the tenants pay all utilities. Across both residences there are 6 bedrooms and 3 bathrooms total.
The property configuration provides two separate rental homes under one ownership on the same lot, with each residence currently occupied.
Key Highlights
- Single lot with two tenant‑occupied homes: a 4‑bed/2‑bath and a renovated 2‑bed/1‑bath
- Gross rental income of $3,100/month: $1,900/month for the 4‑bedroom home and $1,200/month for the 2‑bedroom home
- Tenants pay all utilities for both homes
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 | $31.2k | $9.72 |
| − Vacancy | −$2.3k | −$0.73 |
| EGI | $28.9k | $8.99 |
| − OpEx | −$8.7k | −$2.70 |
| NOI | $20.2k | $6.29 |
3,210 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.5K – $336.7K
NOI $20,203 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,561 @ 7.0% cap · market cap 6.32%
Theoretical Best
Hotel Hospitality
$21.81M
$19.08M – $25.44M
NOI $1,526,412 @ 7.0% cap · market cap 549.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two tenant-occupied homes on one lot each have separate rental income potential.
Where is this duplex located?
The property is located at 2039 South Ridge Road Byram, MS.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: Single lot with two tenant‑occupied homes: a 4‑bed/2‑bath and a renovated 2‑bed/1‑bath; Gross rental income of $3,100/month: $1,900/month for the 4‑bedroom home and $1,200/month for the 2‑bedroom home; Tenants pay all utilities for both homes
