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1021 Raymond Rd Road, Jackson, MS 39204 (MLS# 4159019)

1021 Raymond Rd Road, Jackson, MS 39204

$1,950,000
Property Type: Res Income Multi-Fam Bedrooms: 46 Square Footage: 42,124 Lot Size (sq. ft.): 80,150 Status: Active
Current Price: $1,950,000 List Date: 8/13/2026 Last Modified: 8/13/2026

Overview

Description

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 ...

Listing Details MLS# 4159019

General Property Information

# of Units Included in Sale
46
Approx Lot Size Acres
1.84
Approx H/C SqFt
42124
SqFt Source
Public Records
List Price/SqFt
46.29
Year Built Known
Yes
Year Built
1967
Year Built Source
Public Records
Total Floors
2
Bedrooms Total
46
Bathrooms Full
46
Furnished
No
School District
Jackson Public
Elementary School
Bates
Elementary School 2
N/A
Intermediate School
N/A
Middle or Junior School
Cardoza Middle
High School
Forest Hill
Accessibility Features
No

Property Features

Structure Type: Multi Family Additional Type Details: Apartment Complex Lot Features: Fenced Levels: Two Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Repairs; Taxes; Trash Collection; Water Tenant Pays: Cable TV; Electricity Cooling: Ceiling Fan(s); Electric; Other Heating: Central; Electric; None Utilities: Electricity Available; Sewer Available; Water Available Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Metal Exterior Features: Uncovered Courtyard Fencing: Wood; Wrought Iron Parking Features: Parking Lot Waterfront Features: None

Address and Location Information

Street Number
1021
Street Name
Raymond Rd
Street Suffix
Road
County
Hinds
State
MS
Zip Code
39204
Parcel Number
631-18
Subdivision
Metes And Bounds
Community Of
N/A

Listing Information

Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
4919.93
Tax Year
2025
Homestead Y/N
No
Additional Exemptions Y/N
No
Flood Insurance Required?
Subject to Survey
Leasehold Y/N
No
Association
No
Covenants Y/N
No
Legal Description
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

Showing Requirements

Showing
Appointment Required

More Information

Listing Office: Legacy Real Estate
Listing Agent: Kara S Washington
Source MLS Verified
Last Updated: August - 13 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.
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