Updated Two-Unit
New
For Sale
$145,000
239-241 Lawrence Road, Jackson, MS 39206
Residential Income, Jackson, MS
Property Size1,680 SF
Lot Size0.25 Acres
Price / SF$86.31
Days on Market1
Property Features for 239-241 Lawrence Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Subdivision
Broadmoor
Elementary school
Boyd
Middle school
Bailey APAC
High school
Murrah
Standard status
Active
APN
517-284
Size
1,680 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 JACKSON IRON & METAL CO SUB RESUB OF LOTS 1 TO 4 NORTH BROADMOOR PT 4
Tax Annual Amount
555
Legal Description
LOT 4 JACKSON IRON & METAL CO SUB RESUB OF LOTS 1 TO 4 NORTH BROADMOOR PT 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Nix-Tann & Associates, Inc.
(601) 982-7918
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Added: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 4163232
Copyright © 2026 MLS United. 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.
This updated duplex contains two separate residences, each configured with two bedrooms and one bathroom. Both units are currently leased, and residents handle their own utility costs. The property includes 1,680 square feet of building area on a 0.25-acre lot, with a shingle roof and improvements dating to 1975.
Public water and public sewer serve the property, while cable service is available. Located at 239-241 Lawrence Road in Jackson, Mississippi, the duplex offers a straightforward two-unit residential layout with existing occupancy.
Public water and public sewer serve the property, while cable service is available. Located at 239-241 Lawrence Road in Jackson, Mississippi, the duplex offers a straightforward two-unit residential layout with existing occupancy.
Key Highlights
- Two‑unit duplex with 1,680 square feet of building area
- Each residence includes 2 bedrooms and 1 bathroom
- Both units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.64%
Second Best
Apartment 5plus
$147.6K
$129.2K – $172.2K
NOI $10,334 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$287.9K
$251.9K – $335.9K
NOI $20,152 @ 7.0% cap · market cap 13.90%
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 - Updated duplex with two leased residences, each offering two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 239-241 Lawrence Road Jackson, MS.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet of building area; Each residence includes 2 bedrooms and 1 bathroom; Both units are currently leased
