Eight-Unit Apartment
For Sale
$625,000
Pending
3352/3362 Livingston Road, Jackson, MS 39213
MULTI_FAMILY - Jackson, MS
Property Size8,962 SF
Lot Size0.26 Acres
Days on Market89
Property Features for 3352/3362 Livingston Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
24
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 3, Bathroom 13, Bedroom 13, Bedroom 6, Bedroom 20, Bedroom 21, Bathroom 16, Bathroom 2, Bedroom 22, Bedroom 14, Bedroom 4, Bedroom 24, Bathroom 1, Bedroom 15, Bedroom 19, Bedroom 5, Bedroom 9, Bedroom 16, Bedroom 17, Bathroom 5, Bedroom 10, Bedroom 7, Bedroom 1, Bedroom 11, Bedroom 2, Bathroom 3, Bathroom 14, Bathroom 9, Bathroom 11, Bathroom 4, Bedroom 12, Bathroom 8, Bedroom 18, Bathroom 10, Bathroom 12, Bedroom 23, Bathroom 15, Bathroom 6, Bathroom 7, Bedroom 8
Subdivision
George Washington
Lot features
Dumpster, Dumpster
Elementary school
Smith
Middle school
Brinkley
High school
Lanier
Standard status
Pending
APN
0421-0076-000, 421-78
Size
8,962 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24 GEO WASHINGTON CARVER ADDN/ LOT 25 GEO WASHINGTON CARVER ADDN
Tax Annual Amount
2884
Legal Description
LOT 24 GEO WASHINGTON CARVER ADDN/ LOT 25 GEO WASHINGTON CARVER ADDN
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
w/d connections
Building Details
Year built
1987
Floors in Building
2
Number of units
8
Roof type
Shingle
Listing Agency:
Nix-Tann & Associates, Inc.
(601) 982-7918
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Added: May 11
Changed: Aug 4
Last Checked: Aug 7 at 6:06AM
MLS# 4148951
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 multifamily property comprises two apartment buildings containing four apartments each, for a total of 8 apartments. Every apartment is configured with 3 bedrooms and 2 bathrooms, and each includes washer and dryer connections. The buildings were constructed in 1987 and remodeled two years ago. The roof is two years old, while most HVAC systems are 1 year old. One tenant leases the apartments, with the tenant responsible for all utilities.
The property occupies 0.26 acres at 3352/3362 Livingston Road in Jackson, Mississippi. Public water and public sewer serve the site, and cable is available. The buildings have shingle roofing and are located in the 39213 postal area of Hinds County.
The property occupies 0.26 acres at 3352/3362 Livingston Road in Jackson, Mississippi. Public water and public sewer serve the site, and cable is available. The buildings have shingle roofing and are located in the 39213 postal area of Hinds County.
Key Highlights
- 8 apartments arranged across two buildings with 4 apartments in each
- All apartments feature 3 bedrooms and 2 bathrooms
- Remodeled two years ago; roof is two years old
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
$55,127
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
8.82%
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%
$1,102,540
$1.1M
Cap Rate 7%
$787,529
$787.5K
Cap Rate 9%
$612,522
$612.5K
Market Conditions
NOI Build-Up for 8,962 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
$107.5K $12.00/SF
− Vacancy
−$7.3K −$0.82/SF
EGI
$100.2K $11.18/SF
− OpEx
−$45.1K −$5.03/SF
NOI
$55.1K $6.15/SF
Area
Jackson, MS
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,102,540
Cap Rate 7%
$787,529
Cap Rate 9%
$612,522
Alternative Uses
Best Use
Apartment 5plus
$787.5K
$689.1K – $918.8K
NOI $55,127 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,501 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 39213, MS
19,507
Population
10,172
Households
1.9
Avg Household Size
43
Median Age
15%
College-Educated
78%
High-School Grad
28.3 sq mi
ZIP Area
689
Density / Sq Mi
$28,115
Median Household Income
$23,919
Median Earnings
$773
Median Rent
$73,600
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?
Apartment building - Two renovated apartment buildings offer consistent three-bedroom, two-bath layouts with washer and dryer connections.
Where is this apartment building located?
The property is located at 3352/3362 Livingston Road Jackson, MS.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8 apartments arranged across two buildings with 4 apartments in each; All apartments feature 3 bedrooms and 2 bathrooms; Remodeled two years ago; roof is two years old
