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

1021 Raymond Rd Road, Jackson, MS 39204

New Listing

$1,950,000

Virtual Tour

https://www.propertypanorama.com/1021-Raymond-Rd-Road-Jackson-MS-39204/unbranded

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 ... (Read more)

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
New Construction: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0

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

Remarks & Miscellaneous

Public Remarks: 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.

Structure Type

Multi Family: Yes

Lot Features

Fenced: Yes

Additional Type Details

Apartment Complex: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Waterfront Features

None: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Other: Yes

Heating

Central: Yes
Electric: Yes
None: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick: Yes

Roof

Metal: Yes

Exterior Features

Uncovered Courtyard: Yes

Fencing

Wood: Yes
Wrought Iron: Yes

Parking Features

Parking Lot: Yes

Listing Office: Legacy Real Estate

Listing Agent: Kara S Washington

Last Updated: August - 13 - 2026