Two-Unit Updated
For Sale
$139,000
239-241 Lawrence Rd, Jackson, MS 39206
Both residences have two bedrooms and one bathroom, with tenants responsible for utilities.
Property Size1,680 SF
Price / SF$82.74
Days on Market19
Property Features for 239-241 Lawrence Rd
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$21,600
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
Nix-Tann & Associates, Inc.
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Source:
Propertiesnorthms
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 9 at 7:38PM
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 Nix-Tann & Associates, Inc.
Investment Insights
Based on property information with market context.
This updated duplex contains two residences, each with two bedrooms and one bathroom. The building totals 1,680 square feet and was constructed in 1975. Both units are currently leased, and tenants cover their utility costs.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,680 square feet
- Both residences currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,072
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,440
$221.4K
Cap Rate 7%
$158,171
$158.2K
Cap Rate 9%
$123,022
$123.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$17.1K $10.20/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$15.8K $9.41/SF
− OpEx
−$4.7K −$2.82/SF
NOI
$11.1K $6.59/SF
Area
Jackson, MS
Vacancy
7.70%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,440
Cap Rate 7%
$158,171
Cap Rate 9%
$123,022
Alternative Uses
Best Use
Multifamily LT 5
$158.2K
$138.4K – $184.5K
NOI $11,072 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$147.6K
$129.2K – $172.2K
NOI $10,334 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$287.9K
$251.9K – $335.9K
NOI $20,152 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 39206, MS
22,553
Population
11,237
Households
2
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,563
Density / Sq Mi
$41,611
Median Household Income
$32,410
Median Earnings
$1,084
Median Rent
$117,400
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?
Duplex - Both residences have two bedrooms and one bathroom, with tenants responsible for utilities.
Where is this duplex located?
The property is located at 239-241 Lawrence Rd Jackson, MS.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,680 square feet; Both residences currently leased
