8-Unit Multifamily
For Sale
$700,000
4882 S McRaven Rd, Jackson, MS 39204
Two four-plex buildings contain townhouse-style apartments with two bedrooms and one and a half baths per unit.
Property Size3,997 SF
Price / SF$175.13
Days on Market49
Property Features for 4882 S McRaven Rd
General Information
Standard status
Active
Size
3,997 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1.5BA
Multifamily Units
8
Additional Details
Gross Income
$82,920
Building Details
Year Built
1983
Buildings
2
Listing Agency:
Nix-Tann & Associates, Inc.
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Source:
Fiorellaavenue
Added: Aug 30
Changed: Oct 15
Last Checked: Oct 16 at 2:36PM
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 Nix-Tann & Associates, Inc.
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Investment Insights
Based on property information with market context.
This multifamily property includes 8 apartments arranged in two 4-plex buildings. Each residence is configured as a townhouse with 2 bedrooms and 1.5 baths, providing a consistent unit layout across the property. The buildings date to 1983 and have roofs that are two years old.
Located at 4882 S McRaven Rd in Jackson, Mississippi, the property offers a defined residential rental configuration within an established multifamily format. Tenants pay all utilities, providing a clearly structured utility arrangement for ownership and management. The property contains 3,997 square feet.
Located at 4882 S McRaven Rd in Jackson, Mississippi, the property offers a defined residential rental configuration within an established multifamily format. Tenants pay all utilities, providing a clearly structured utility arrangement for ownership and management. The property contains 3,997 square feet.
Key Highlights
- 8 apartments arranged across two 4‑plex buildings
- Each unit offers 2 bedrooms and 1.5 baths
- Townhouse‑style apartment configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,586
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,720
$491.7K
Cap Rate 7%
$351,229
$351.2K
Cap Rate 9%
$273,178
$273.2K
Market Conditions
NOI Build-Up for 3,997 SF
Gross rent
$48.0K $12.00/SF
− Vacancy
−$3.3K −$0.82/SF
EGI
$44.7K $11.18/SF
− OpEx
−$20.1K −$5.03/SF
NOI
$24.6K $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 Rate 5%
$491,720
Cap Rate 7%
$351,229
Cap Rate 9%
$273,178
Alternative Uses
Best Use
Apartment 5plus
$351.2K
$307.3K – $409.8K
NOI $24,586 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$684.9K
$599.3K – $799.1K
NOI $47,945 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two four-plex buildings contain townhouse-style apartments with two bedrooms and one and a half baths per unit.
Where is this multifamily property located?
The property is located at 4882 S McRaven Rd Jackson, MS.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 8 apartments arranged across two 4‑plex buildings; Each unit offers 2 bedrooms and 1.5 baths; Townhouse‑style apartment configuration
