Two-Building Apartment
For Sale
$700,000
4882 S Mcraven Road, Jackson, MS 39204
Residential Income, Jackson, MS
Property Size3,997 SF
Lot Size0.86 Acres
Price / SF$175.13
Days on Market96
Property Features for 4882 S Mcraven Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
12
Full bathrooms
8
Half bathrooms
8
Rooms
Bathroom 7, Bathroom 13, Bathroom 2, Bedroom 6, Bathroom 5, Bedroom 2, Bathroom 6, Bathroom 3, Bedroom 4, Bedroom 12, Bedroom 13, Bathroom 14, Bedroom 7, Bathroom 11, Bedroom 3, Bathroom 10, Bedroom 9, Bathroom 15, Bedroom 10, Bathroom 16, Bathroom 12, Bedroom 14, Bathroom 8, Bedroom 8, Bedroom 15, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 9, Bathroom 1, Bedroom 16, Bedroom 11
Subdivision
Craigmore Place
Elementary school
Woodville Heights
Middle school
Northwest Jackson
High school
Forest Hill
Standard status
Active
APN
825-450
Size
3,997 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 71.79 FT E INT W/L LOT 1 CRAIGMORE PLACE & N/L MCRAVEN RD N 101.84 FT E 102.24 FT SE 193.45 FT S 78.92 FT SELY 42.63 FT W 319.62 FT TO POB BEING PT LOT 1 & 2 CRAIGMORE PLACE
Tax Annual Amount
3359
Legal Description
BEG 71.79 FT E INT W/L LOT 1 CRAIGMORE PLACE & N/L MCRAVEN RD N 101.84 FT E 102.24 FT SE 193.45 FT S 78.92 FT SELY 42.63 FT W 319.62 FT TO POB BEING PT LOT 1 & 2 CRAIGMORE PLACE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1983
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 27
Changed: Aug 29
Last Checked: Aug 30 at 6:06AM
MLS# 4150727
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 apartment property contains 8 units arranged in two 4-plex buildings. Each apartment is configured with 2 bedrooms and 1.5 bathrooms in a THSE layout. The buildings provide 3,997 square feet of property area on a 0.86-acre site, with construction dating to 1983. Shingle roofs were installed two years ago, and tenants pay all utilities.
The property is located at 4882 S Mcraven Road in Jackson, Mississippi. Public water and public sewer serve the site, while cable is available. The two-building configuration and consistent unit layouts provide a clearly defined multifamily arrangement for review.
The property is located at 4882 S Mcraven Road in Jackson, Mississippi. Public water and public sewer serve the site, while cable is available. The two-building configuration and consistent unit layouts provide a clearly defined multifamily arrangement for review.
Key Highlights
- 8 apartments configured as two 4‑plex buildings
- Each unit includes 2br1.5ba THSE layouts
- 3,997 square feet on a 0.86‑acre site
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
$24,586
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
3.51%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
148
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
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 - Eight apartments span two four-plex buildings, with two-bedroom, one-and-a-half-bath THSE layouts.
Where is this apartment building located?
The property is located at 4882 S Mcraven Road 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 configured as two 4‑plex buildings; Each unit includes 2br1.5ba THSE layouts; 3,997 square feet on a 0.86‑acre site
