Four-Unit Apartment
New
For Sale
$235,000
315 N Prentiss Street lot A B C D, Jackson, MS 39209
Residential Income, Jackson, MS
Property Size1,000 SF
Lot Size0.20 Acres
Price / SF$235
Days on Market7
Property Features for 315 N Prentiss Street lot A B C D
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bathroom 7, Bathroom 6, Bedroom 9, Bedroom 11, Bedroom 8, Bedroom 10, Bedroom 3, Bathroom 8, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 12, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5
Subdivision
Metes And Bounds
Standard status
Active
APN
0114-0147-000
Size
1,000 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLK 17 SLIGO HIGHLAND
Tax Annual Amount
2679
Legal Description
LOT 3 BLK 17 SLIGO HIGHLAND
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
4
Listing Agency:
W Real Estate LLC
Listed By:
Dana Thomas · License #S53382
(601) 499-0952
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 29 at 3:06AM
MLS# 4166396
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.
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Investment Insights
Based on property information with market context.
Built in 1988, this four-unit apartment property has a consistent three-bedroom, two-bathroom layout across the units. Central heating and air conditioning serve the building, with public water and sewer connections and cable availability. The property occupies a 0.2-acre lot.
The apartments are located near Jackson State University. Three units are tenant-occupied, while the fourth may be leased.
The apartments are located near Jackson State University. Three units are tenant-occupied, while the fourth may be leased.
Key Highlights
- Four apartments, each with 3 bedrooms and 2 full bathrooms
- Three units are tenant‑occupied; one unit is available for leasing
- Built in 1988 on a 0.2‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,590
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,800
$131.8K
Cap Rate 7%
$94,143
$94.1K
Cap Rate 9%
$73,222
$73.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$10.2K $10.20/SF
− Vacancy
−$785 −$0.79/SF
EGI
$9.4K $9.41/SF
− OpEx
−$2.8K −$2.82/SF
NOI
$6.6K $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%
$131,800
Cap Rate 7%
$94,143
Cap Rate 9%
$73,222
Alternative Uses
Best Use
Multifamily LT 5
$94.1K
$82.4K – $109.8K
NOI $6,590 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$87.9K
$76.9K – $102.5K
NOI $6,151 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$171.4K
$149.9K – $199.9K
NOI $11,995 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, with one unit available for leasing.
Where is this quadplex located?
The property is located at 315 N Prentiss Street lot A B C D Jackson, MS.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four apartments, each with 3 bedrooms and 2 full bathrooms; Three units are tenant‑occupied; one unit is available for leasing; Built in 1988 on a 0.2‑acre lot
