1021 Raymond Rd Road, Jackson, Mississippi image 1
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1021 Raymond Rd Road

Jackson, MS 39204
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$1,950,000 $8,221/Mo
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Bed 46

Bed

Bath 46

Bath

Acres1.84

Acres(Lot)

Excellent investment opportunity featuring a 46-unit gated apartment community in Jackson on approximately 2 acres. The property includes 16 one-bedroom flats and 30 spacious two-bedroom townhomes, offering strong value-add potential with a portion of the renovation work already completed. The 16 one-bedroom units have been substantially renovated with updated interior. The 30 townhomes provide significant upside for an investor to complete renovations, increase occupancy, and improve overall rental income and property performance. Positioned along one of South Jackson's established rental corridors, the property is conveniently located near Jackson State University, major roadways, employment centers, shopping, and other area amenities. With its combination of renovated units, remaining value-add potential, and attractive price per unit, this property presents an opportunity for an investor to acquire and reposition a sizable multifamily asset with considerable long-term equity and cash-flow potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,950,000

AD Id : 89534660

MLS Id : 4159019

Beds : 46

Lot Size : 1.84 Acres

Tax Amount : $4,919.93

Year Built : 1967

County : Hinds

Subdivision: Young S Sub De Luxe

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Feature Features

  • Bedroom Information

    Total beds: 46

    Bathroom Information

    Total Baths: 46 Full Baths: 46

  • Roofing Information

    Metal

  • Interior Features

    Roof: Metal

  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric, None Has Cooling: Yes Cooling: Ceiling Fan(s), Electric, Other

  • Building Information

    Year Built: 1967 Building Area Total: 42124 Construction Materials: Brick Stories: 2 Private Pool: No

  • Exterior Features

    Exterior Features: Uncovered Courtyard

  • Lot Information

    Main Square Feet: 1.84 Acres Lot Size Acres: 1.84 Lot Size Square Feet: 80150.4

    Property Information

    Subdivision: Metes And Bounds Source Property Type: Residential Income Levels: Two Property Age: 59

  • Listing Price Information

    Listing Price: $1950000 Cash, Conventional

  • Tax Information

    Parcel Number: 631-18 Tax Year: 2025 Annual Tax: $4919.93 Tax Legal Desc: BEG INT E 1/2 W 1/2 SEC 7 T5N R1E & S/L RAYMOND RD E 261 FT S 309.5 FT W 260.74 FT N 324.92 FT TO POB PT SE 1/4 SEC 7 T5N R1E LESS TO CITY FOR ST

  • Parking Information

    Parking Lot

  • School Information

    Elementary School: Bates
    Junior High School: Cardoza Middle
    Senior High School: Forest Hill

  • Utility Information

    Electricity Available, Sewer Available, Water Available

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
621 Chestnut Street, Jackson, MS, 39204 $67,000 3 1 -- 0.25 Acre
731 Chestnut Street, Jackson, MS, 39204 $67,000 2 2 -- 0.22 Acre
807 Evergreen Avenue, Jackson, MS, 39204 $35,000 2 1 -- 0.23 Acre
303 Sunny Lane Drive, Jackson, MS, 39204 $52,000 2 1 -- 0.17 Acre
1632 Shirley Avenue, Jackson, MS, 39204 $269,900 6 6 -- 0.16 Acre
148 Shadowlawn Drive, Jackson, MS, 39204 $56,000 3 2 -- 0.40 Acre
220 Shady Circle, Jackson, MS, 39204 $30,000 4 3 -- 2.24 Acres
215 Carmel Avenue, Jackson, MS, 39204 $64,900 3 2 -- 0.42 Acre
245 Shady Circle, Jackson, MS, 39204 $54,500 3 2 -- 0.29 Acre
224 Shady Pine Lane, Jackson, MS, 39204 $51,465 3 2 -- 0.30 Acre

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Information is deemed to be reliable but not guaranteed. Copyright © 2026 MLS United, LLC.

ByOwner last updated this listing 10/02/2026 @ 23:07

MLS: 4159019 LISTED BY: Kara Washington, Legacy Real Estate 601-398-2472 SOURCE: MLS United LLC

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