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.
South West Jackson, located between Interstate 20 and the Pearl River, is a residential and industrial Jackson neighborhood with rail corridors and wide arterial roads. The neighborhood’s character concentrates around the Medgar Evers Boulevard corridor near Raymond Road, where auto shops, corner markets, and long-running eateries set a working-day rhythm. Jackson State University anchors nearby cultural life with performances and campus events that ripple into surrounding blocks. The Mississippi Civil Rights Museum and the Two Mississippi Museums add a strong civic layer a short drive away. Housing trends toward modest single-story homes and small apartment communities, with pockets of older brick buildings. Parks and river-adjacent green space shape the landscape at the edges.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Uncovered courtyard
Bedrooms
46 total units
Bathrooms
46 bathrooms
Heating & cooling
Central heating
Electric heating
Ceiling fans
Electric cooling
Other cooling
Exterior features
Wood and wrought iron fencing
Fenced lot
Home design
Multi-family property
Two levels
Parking
Parking lot
Construction
Brick construction
Metal roof
Slab foundation
Built in public-records year
Utilities
Public water
Public sewer
Electricity available
Sewer available
Water available
Financial info
46 total units
Owner pays: exterior maintenance, grounds care, insurance, repairs, sewer, taxes, trash collection, water
Tenant pays: cable TV, electricity
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!
MLSU #1221966
Sep 17, 2021
Listing Removed
—
Jul 20, 2010
Listed
$445,000
$11/sq ft
MLSU #1196448
Sep 17, 2021
Listing Removed
—
Aug 8, 2008
Listed
$480,000
$11/sq ft
MLSU #1177239
Sep 17, 2021
Listing Removed
—
Jun 19, 2007
Listed
$450,000
$11/sq ft
Public Records
Nov 14, 2020
Sold
—
Public Records
Apr 5, 2019
Sold
—
Public Records
Nov 13, 2018
Sold
—
Public Records
Dec 7, 2015
Sold
—
Public Records
Mar 6, 2013
Sold
—
Public Records
Sep 3, 2012
Sold
—
MLSU #1237615
Dec 19, 2011
Listed
$385,000
$9/sq ft
Public Records
Nov 22, 2005
Sold
—
Public Records
Sep 21, 2004
Sold
—
Public Records
May 29, 1997
Sold
—
Public Records
May 27, 1997
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$4,920 (+2.7%)
$10,551 + $14,769
$25,320
2024
$4,791 (+3.1%)
$10,551 + $14,769
$25,320
2023
$4,649
$10,551 + $13,620
$24,171
2021
$4,651 (+2.2%)
$10,551 + $13,620
$24,171
2020
$4,549
$10,551 + $13,227
$23,778
2019
$4,553 (+0.9%)
$10,551 + $13,227
$23,778
2018
$4,513 (−48.1%)
$10,551 + $13,286
$23,837
2017
$8,689 (+2.7%)
$10,551 + $35,319
$45,870
2016
$8,460 (+7.5%)
$10,551 + $35,319
$45,870
2015
$7,867 (+0.1%)
$10,551 + $35,319
$45,870
2014
$7,857
$10,551 + $33,395
$43,946
Public record
Public record
Zoning
Beds
1
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
1.84 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,659
Year built
1967
Style
Single Family Residential
County
Hinds County
APN
006310000018000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R-5
Multi-Family Residential District
The purpose of this district is to provide for high density residential uses and structures and certain commercial uses generally compatible with high density residential development. It is the intent of this Ordinance that these districts be carefully located only in areas where the infrastructure of the City (i.e., the street/highway system, storm drainage and water and sanitary sewer systems) is adequate to serve such higher density housing.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Bed & breakfast
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
6 days above 108° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Jackson, MS • 39204
Average low and high temperatures (°F)
55
35
66
44
76
53
81
60
82
65
88
72
92
75
91
73
87
69
82
58
72
52
62
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1021 Raymond Rd Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More