Two 4-Plex Multi-Family
For Sale
$700,000
4882 South McRaven Road, Jackson, MS 39204
Income-producing two-4-plex property with eight townhouse-style apartments; roofs are two years old.
Property Size3,997 SF
Price / SF$175.13
Days on Market103
Property Features for 4882 South McRaven Road
General Information
Standard status
Active
Size
3,997 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
8
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Nix-Tann & Associates, Inc.
(601) 214-7714
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Source:
Compass
Added: Apr 19
Changed: Jul 10
Last Checked: Jul 29 at 1:04PM
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.
Investment Insights
Based on property information with market context.
This income-producing multi-family property contains two separate 4-plex buildings totaling eight apartments. Each unit is described as a 2-bedroom, 1.5-bath townhouse-style layout. Tenants are responsible for all utilities, which can help simplify ongoing operating expenses. The property’s roofs are noted as being approximately two years old, and there are no interior photos available at this time.
The offering is located at 4882 South McRaven Road in Jackson, Mississippi. The configuration is straightforward: two 4-plexes operating together under one ownership. Public remarks also cite gross rental income of $6,910 per month.
For buyers seeking a compact, income-producing residential portfolio, this structure offers eight individually metered units with a consistent unit mix across the two buildings. The combination of tenant-paid utilities and relatively recent roof improvements may be relevant for operators evaluating day-to-day cost management and property upkeep. As interior photos were not provided, confirm unit condition and finishes during showings arranged through your agent.
The offering is located at 4882 South McRaven Road in Jackson, Mississippi. The configuration is straightforward: two 4-plexes operating together under one ownership. Public remarks also cite gross rental income of $6,910 per month.
For buyers seeking a compact, income-producing residential portfolio, this structure offers eight individually metered units with a consistent unit mix across the two buildings. The combination of tenant-paid utilities and relatively recent roof improvements may be relevant for operators evaluating day-to-day cost management and property upkeep. As interior photos were not provided, confirm unit condition and finishes during showings arranged through your agent.
Key Highlights
- Income‑producing 2‑4‑plex multifamily with 8 townhouse‑style apartments (2br/1.5ba each)
- Gross rental income of $6,910 per month; tenants pay all utilities
- Two levels with central heating and central air
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $10.20 |
| − Vacancy | −$3.1k | −$0.79 |
| EGI | $37.6k | $9.41 |
| − OpEx | −$11.3k | −$2.82 |
| NOI | $26.3k | $6.59 |
3,997 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.3K – $439.0K
NOI $26,341 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.8K
NOI $24,586 @ 7.0% cap · market cap 3.51%
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
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing two-4-plex property with eight townhouse-style apartments; roofs are two years old.
Where is this quadplex located?
The property is located at 4882 South 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: Income‑producing 2‑4‑plex multifamily with 8 townhouse‑style apartments (2br/1.5ba each); Gross rental income of $6,910 per month; tenants pay all utilities; Two levels with central heating and central air
