$450,000

Estimated payment $2,759/month

Total Views 371
8 Beds
4 Baths
4,666 Sq Ft
$96 Price per Sq Ft

Highlights

  • Popular Property
  • Living Room with Fireplace
  • Corner Lot
  • Colonial Architecture
  • Wood Flooring
  • 3-minute walk to Fondren Park

About This Home

Don't miss this rare opportunity to own a fully leased quadplex just minutes from the vibrant Fondren Business District — Jackson's premier hub for dining, shopping, and local culture.

Situated on a quiet street with easy access to I-55 and UMMC, this property is ideal for investors seeking a high-demand rental location with long-term growth potential. Recent updates include interior and exterior renovations, minimizing capital expenditures and maximizing returns.

Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a turnkey asset, this quadplex delivers immediate income in one of Jackson's most desirable rental markets.

Listing Agent

Jenny Price

Pricepoint LLC. License #B24418 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,274

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Corner Lot
  • Open Lot
  • Few Trees
  • Back Yard Fenced and Front Yard

Home Design

  • Quadruplex
  • Colonial Architecture
  • Asphalt Shingled Roof
  • Siding
  • Asbestos
  • Plaster

Interior Spaces

  • 4,666 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Awning
  • Blinds
  • Wood Frame Window
  • Living Room with Fireplace
  • Attic Fan

Kitchen

  • Free-Standing Electric Oven
  • Stainless Steel Appliances
  • Laminate Countertops

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Cedar Closet
  • 4 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Stacked Washer and Dryer

Basement

  • Exterior Basement Entry
  • Crawl Space

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 4 Detached Carport Spaces
  • Gravel Driveway
  • On-Street Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near shops
  • City Lot

Schools

  • Mcwillie Elementary School
  • Bailey Apac Middle School
  • Murrah High School

Utilities

  • Cooling System Powered By Gas
  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 0053-0016-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Fondren Subdivision

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,274

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Architectural Style: Colonial
  • Unit Levels: Two
  • Parking Features Parking Total: 8.0
  • Prop. Type: Residential Income
  • Structure Type: Quadruplex
  • Year Built: 1940
  • Lot Size Acres: 0.25
  • Subdivision Name: Fondren
  • Directions: From I-55 take Meadowbrook Road all the way west to State Street. Take a left on State Street. The building is on the right - on the corner of State Street and Downing Street.
  • New Construction: No
  • Appliances Refrigerators: Yes
  • General Property Information:New Construction: No
  • Lease Term 12 Months: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Electric Oven, Gas Water Heater, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Washer/Dryer Stacked
  • AtticFeaturesAttic: Yes
  • BasementFeaturesBasement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Door Features: Dead Bolt Lock(s)
  • Fireplace Features: Insert, Living Room
  • Flooring: Luxury Vinyl, Tile, Wood
  • Furnished: No
  • Interior Amenities: Built-in Features, Cedar Closet(s), Ceiling Fan(s), Crown Molding, Laminate Counters
  • Window Features: Blinds, Wood Frames
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Taxes
  • Has Basement: Crawl Space, Exterior Entry
  • Interior Features:Ceiling Fan(s)2: Yes
  • Laundry Features:In Kitchen: Yes
  • Community Features:Near Entertainment: Yes
  • Community Features:Street Lights: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Crown Molding: Yes
  • Fireplace Features:Living Room2: Yes
  • Fireplace Features:Gas2: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Appliances:Free-Standing Electric Oven: Yes
  • Appliances:WasherDryer: Yes
  • Attic Features:Gable Vent: Yes
  • Kitchen Features:Solid Surface Counters: Yes
  • Interior Features:Cedar Closet(s): Yes
  • Appliances:WasherDryer Stacked: Yes
  • Interior Features:Laminate Counters: Yes
  • Basement Features:Exterior Entry: Yes
  • Bathroom Features:Shared Primary Bath: Yes
  • Fireplace Features:Insert: Yes
  • Basement Features:Crawl Space: Yes
  • Community Features:Shopping Nearby: Yes

Exterior Features

  • Disclosures: Agent Owned, Lead Paint
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • Fencing: Back Yard, Partial, Privacy, Wood
  • Foundation Details: Conventional
  • Lot Features: City Lot, Corner Lot, Few Trees, Front Yard, Level, Open Lot
  • Roof: Asphalt Shingle
  • Patio And Porch Features: None
  • WaterfrontFeaturesWaterfront: No
  • Pool Private: No
  • Construction Type: Asbestos, Siding, Plaster
  • Lot Features:Few Trees: Yes
  • General Property Information:Accessibility Features: No
  • Lot Features:City Lot: Yes
  • Window Features:Wood Frames: Yes
  • Door Features:Dead Bolt Lock(s): Yes
  • Driveway Features:Gravel Drive: Yes
  • Exterior Features:Awning(s): Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Front Yard: Yes
  • Window Features:Blinds: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Level: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Open Lot: Yes
  • Patio And Porch Features:None9: Yes
  • Driveway Features:Rear Entrance: Yes

Garage/Parking

  • Carport Spaces: 4.0
  • Parking Features: Assigned, Detached Carport, On Street, Parking Lot, Gravel
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Detached Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Spaces:_pound_ Parking Spaces Uncovered: 4
  • Parking Spaces:_pound_ Parking Spaces Covered: 4
  • Parking Features:On Street: Yes

Utilities

  • Cooling: Attic Fan, Ceiling Fan(s), Gas, Window Unit(s)
  • Heating: Natural Gas, Wall Furnace
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Fiber to the House, Natural Gas in Kitchen
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Heating:Natural Gas2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Near Entertainment, Sidewalks, Street Lights, Shopping Nearby
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit

Association/Amenities

  • HorseAmenitiesHorseAmenities: No
  • Tax and Financial Information:Association: No

Schools

  • Elementary School: McWillie
  • High School: Murrah
  • Middle Or Junior School: Bailey APAC

Lot Info

  • Parcel #: 0053-0016-000
  • Lot Size Sq Ft: 10890.0

Rental Info

  • Tenant Pays: All Utilities, Deposit

Tax Info

  • Tax Annual Amount: 3274.0
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 54000.0
  • Annual Operating Expense: 13109.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $450,000 -- $96 / Sq Ft
Source: MLS United

Source: MLS United

MLS Number: 4121227

MLS United