Two-Unit
For Sale
$199,900
4134 N State St, Jackson, MS 39206
Both residences are occupied and include two bedrooms, one bath, and living and dining areas.
Property Size2,054 SF
Price / SF$97.32
Days on Market12
Property Features for 4134 N State St
General Information
Standard status
Active
Size
2,054 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1947
Stories
2
Listing Agency:
Havard Real Estate Group, LLC
Listed By:
Ben Hill · License #S49820
(601) 384-6509
Source:
Propertiesnorthms
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 28 at 8:16AM
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 Havard Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1947, this two-story duplex contains 2,054 square feet across two residences. Each unit has two bedrooms, one bathroom, and separate living and dining areas with hardwood floors. The property is fully occupied.
The duplex is at 4134 N State St in Jackson, near Belhaven University, Millsaps College, and UMMC. Dining and entertainment options are also in the surrounding area.
The duplex is at 4134 N State St in Jackson, near Belhaven University, Millsaps College, and UMMC. Dining and entertainment options are also in the surrounding area.
Key Highlights
- Two units, each with two bedrooms and one bathroom
- 2,054 square feet in a two‑story building constructed in 1947
- Hardwood floors in the living and dining areas of each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,536
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,720
$270.7K
Cap Rate 7%
$193,371
$193.4K
Cap Rate 9%
$150,400
$150.4K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$21.0K $10.20/SF
− Vacancy
−$1.6K −$0.79/SF
EGI
$19.3K $9.41/SF
− OpEx
−$5.8K −$2.82/SF
NOI
$13.5K $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%
$270,720
Cap Rate 7%
$193,371
Cap Rate 9%
$150,400
Alternative Uses
Best Use
Multifamily LT 5
$193.4K
$169.2K – $225.6K
NOI $13,536 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.6K
NOI $12,635 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$352.0K
$308.0K – $410.6K
NOI $24,638 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
518
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include two bedrooms, one bath, and living and dining areas.
Where is this duplex located?
The property is located at 4134 N State St Jackson, MS.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two units, each with two bedrooms and one bathroom; 2,054 square feet in a two‑story building constructed in 1947; Hardwood floors in the living and dining areas of each residence
