Two-Unit Mixed-Use
For Sale
$424,900
3024 Church St, Jackson, LA 70748
Two-bedroom units with one-and-a-half baths support residential occupancy and short- and long-term rental use.
Property Size1,880 SF
Price / SF$226.01
Days on Market12
Property Features for 3024 Church St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Listing Agency:
Keller Williams Realty Bayou P
(225) 937-0900
Listed By:
Borne2Sell Realty
(225) 937-0900
Source:
Borne2sell
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 2:39PM
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 Realty Bayou P
Investment Insights
Based on property information with market context.
Located at 3024 Church St in Jackson, this 1,880-square-foot duplex contains two separate units, each arranged with two bedrooms and one-and-a-half bathrooms. The property has a rental history spanning short-term, long-term, and Airbnb stays, providing an established record of income-producing use.
Residential and commercial zoning gives the property flexibility beyond a strictly residential application. The duplex is situated in Jackson’s historic downtown district. The seller also owns the adjacent lot, where plans have been approved for another duplex, offering a separately described expansion possibility for an investor evaluating additional rental capacity.
Residential and commercial zoning gives the property flexibility beyond a strictly residential application. The duplex is situated in Jackson’s historic downtown district. The seller also owns the adjacent lot, where plans have been approved for another duplex, offering a separately described expansion possibility for an investor evaluating additional rental capacity.
Key Highlights
- Two 2‑bedroom, 1.5‑bath units
- 1,880 SF duplex at 3024 Church St
- Rental history includes short‑term, long‑term, and Airbnb stays
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
$19,408
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
4.57%
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%
$388,160
$388.2K
Cap Rate 7%
$277,257
$277.3K
Cap Rate 9%
$215,644
$215.6K
Market Conditions
NOI Build-Up for 1,880 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
$29.1K $15.48/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$27.7K $14.75/SF
− OpEx
−$8.3K −$4.42/SF
NOI
$19.4K $10.32/SF
Area
East Feliciana County, LA
Vacancy
4.73%
Lease Rate
$15.48 /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%
$388,160
Cap Rate 7%
$277,257
Cap Rate 9%
$215,644
Alternative Uses
Best Use
Multifamily LT 5
$277.3K
$242.6K – $323.5K
NOI $19,408 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,214 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$450.2K
$394.0K – $525.3K
NOI $31,517 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 70748, LA
6,564
Population
1,867
Households
3.5
Avg Household Size
45
Median Age
15%
College-Educated
80%
High-School Grad
74.2 sq mi
ZIP Area
88
Density / Sq Mi
$73,500
Median Household Income
$40,135
Median Earnings
$728
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units with one-and-a-half baths support residential occupancy and short- and long-term rental use.
Where is this duplex located?
The property is located at 3024 Church St Jackson, LA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1.5‑bath units; 1,880 SF duplex at 3024 Church St; Rental history includes short‑term, long‑term, and Airbnb stays
