Jackson Multifamily Fourplex Opportunity

803 N Congress Street, Jackson, MS 39202

View on Map

Pending

$275,000

MULTI_FAMILY - Jackson, MS

Property size:

3,596 SF

Lot size:

0.11 Acres

HighLights

Four‑plex built in 1937 with four 1‑bedroom, 1‑bath units
Downstairs units rent for $950 each; upstairs units rent for $900 each (total $6,225/month gross rent)
Sewer line and much of the plumbing to the building were just replaced
Public water and public sewer; each unit is separately metered for utilities
Includes stoves and refrigerators in all units
Roof: asphalt; newer roof noted for the building and each unit

We can help!

Contact an agent

Dallis Ketchum

Pending

$275,000

MULTI_FAMILY - Jackson, MS

Property size:

3,596 SF

Lot size:

0.11 Acres

Added:: Feb 20, 2026
Days on Market:: 128
Last Refresh:: Jun 28 at 1:06 am

Property Features for 803 N Congress Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 4
Rooms: Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 1
Standard status: Pending
APN: 0039-0007-000
Size: 3,596 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 65 FT W/S N CONGRESS ST X 80 FT N/S BARKSDALE ST IN 10 A LOT 9 N J

Utilities

Sewer type: Public Sewer
Water source: Public

Building Details

Year built: 1937
Floors in Building: 2
Number of units: 4
Roof type: Asphalt

We can help!

Contact an agent

Dallis Ketchum

Listing agent Dallis Ketchum License #B19966

Listing office Neighbor House, LLC 1104 Jefferson Street, Jackson, MS

Listing date Feb 20, 2026

MLS# 4139970 Listing URL

HighLights

Four‑plex built in 1937 with four 1‑bedroom, 1‑bath units
Downstairs units rent for $950 each; upstairs units rent for $900 each (total $6,225/month gross rent)
Sewer line and much of the plumbing to the building were just replaced
Public water and public sewer; each unit is separately metered for utilities
Includes stoves and refrigerators in all units
Roof: asphalt; newer roof noted for the building and each unit

Overview

This fourplex presents an opportunity to own a piece of Jackson history. The property features four units, each with one bedroom and one bathroom, though they could potentially be converted into two-bedroom units. The downstairs units are currently rented for $950 each, as they include individual washer and dryer units. The upstairs units rent for $900 each, and share a washer and dryer. All units are equipped with stoves and refrigerators, which are included in the rent. Recent upgrades include a replaced sewer line and significant plumbing work, as well as a newer roof. The property is part of a residential real estate package in downtown Jackson, Mississippi. Each unit is separately metered for all utilities. The property size is 3596 square feet and the lot size is 0.11 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$36.7k	$10.20
− Vacancy	−$2.8k	−$0.79
EGI	$33.9k	$9.41
− OpEx	−$10.2k	−$2.82
NOI	$23.7k	$6.59

3,596 SF · lease $10.20/SF/yr · vacancy 7.70% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$338.5K

$296.2K – $395.0K (±1% cap)

NOI $23,698 @ 7.0% cap · market cap 8.62%

Second Best

Apartment 5plus

$316.0K

$276.5K – $368.7K (±1% cap)

NOI $22,120 @ 7.0% cap · market cap 8.04%

Theoretical Best

Office A

$616.2K

$539.2K – $718.9K (±1% cap)

NOI $43,135 @ 7.0% cap · market cap 15.69%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Jackson
County: Rankin
State: Mississippi
Longitude: -90.181269
Latitude: 32.309325

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For sale
Quadplexes
MS
Jackson
39202
803 N Congress Street

What type of property is this?

Quadplex - Cash-flowing fourplex in Jackson, Mississippi with recent upgrades.

Where is this quadplex located?

The property is located at 803 N Congress Street Jackson, MS.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Four‑plex built in 1937 with four 1‑bedroom, 1‑bath units; Downstairs units rent for $950 each; upstairs units rent for $900 each (total $6,225/month gross rent); Sewer line and much of the plumbing to the building were just replaced

803 N Congress Street, Jackson, MS 39202

MULTI_FAMILY - Jackson, MS

Property Features for 803 N Congress Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Office Building with Flex Space

Retail/Warehouse Property on Old Square

Flex Warehouse with Roll-Up Door

Updated Office Space with Live-Work Option

Live-Work Office and Shop

Zoned C-3 Office Building

Flexible Retail and Office Building

High-Visibility Commercial Property in Jackson

University Boulevard Commercial Opportunity

Former Kroger Store on 4.65 Acres

Tudor-Style Office Building

Large Commercial Storefront in Jackson

FAQs