Updated Duplex Income
For Sale
$289,000
2455 River Oaks Boulevard Unit A & B, Jackson, MS 39211
Updated duplex with updated bathrooms, flooring, paint, appliances, and a new roof installed in November 2024.
Property Size2,096 SF
Price / SF$137.88
Days on Market185
Property Features for 2455 River Oaks Boulevard Unit A & B
General Information
Standard status
Active
Size
2,096 SF
Property subtype
Multi Family
Building Details
Year Built
1986
Listing Agency:
Key Stride Realty
(601) 906-1072
Listed By:
Mitzi Marsh · License #S55635
(601) 906-1072
Source:
Compass
Added: Jan 26
Changed: Jul 23
Last Checked: Jul 30 at 11:57AM
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 Key Stride Realty
Investment Insights
Based on property information with market context.
This updated duplex offers two units (Unit A & B) within a residential income property configuration. Reported improvements include a new roof installed in November 2024, new flooring, updated bathrooms, fresh interior and exterior paint, along with new gutters/shutters and renovated appliances.
The property is described as being conveniently located minutes from Ridgeland, Madison, Jackson, and Brandon.
For buyers seeking a duplex with recent interior and exterior updates, this two-unit setup provides a straightforward residential income option based on the renovations listed in the remarks.
The property is described as being conveniently located minutes from Ridgeland, Madison, Jackson, and Brandon.
For buyers seeking a duplex with recent interior and exterior updates, this two-unit setup provides a straightforward residential income option based on the renovations listed in the remarks.
Key Highlights
- Updated duplex, built in 1986
- New roof installed November 2024
- 4 full bathrooms and 4 bedrooms; one‑story layout
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 | $21.4k | $10.20 |
| − Vacancy | −$1.6k | −$0.79 |
| EGI | $19.7k | $9.41 |
| − OpEx | −$5.9k | −$2.82 |
| NOI | $13.8k | $6.59 |
2,096 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$184.2K
$161.2K – $214.9K
NOI $12,893 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 39211, MS
24,900
Population
11,334
Households
2.2
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
2,024
Density / Sq Mi
$68,415
Median Household Income
$40,523
Median Earnings
$1,273
Median Rent
$198,300
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 - Updated duplex with updated bathrooms, flooring, paint, appliances, and a new roof installed in November 2024.
Where is this duplex located?
The property is located at 2455 River Oaks Boulevard Unit A & B Jackson, MS.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Updated duplex, built in 1986; New roof installed November 2024; 4 full bathrooms and 4 bedrooms; one‑story layout
