901-461-1431
621 Houston Ave, Jackson, MS for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

621 Houston Ave
Jackson, MS 39209
West Jackson


HIGHLIGHTS

  • Lender-directed sale offering a unique opportunity to acquire at an attractive basis
  • Recent $3.1 million capital investment focused on asset preservation and long-term stability
  • Proximity to major employment centers, including UMMC, Jackson Medical District, and Downtown Jackson
  • Located near Jackson State University, a leading HBCU with 6,500 students and 1,750 staff
  • Restricted multifamily supply in Jackson supports strong demand for value-add repositioning
  • Easy access to I-20 and I-55, connecting residents to regional job hubs and amenities

OVERVIEW

The Vintage Apartments presents a compelling lender-directed sale opportunity in the heart of Jackson, Mississippi. This 135-unit community spans over 111,000 rentable square feet and has recently benefited from a significant capital infusion of approximately $3.1 million, equating to nearly $23,000 per unit. These improvements have focused on asset preservation, creating a strong foundation for new ownership to implement value-add strategies, optimize operations, and complete interior upgrades to capture market-leading rents averaging $900 per unit. Positioned in an inner-city location with convenient access to I-20 and I-55, the property offers residents short commutes to major employment hubs, including the University of Mississippi Medical Center, Jackson’s Medical District, and the Mississippi State Capitol. The surrounding area boasts a stable job market anchored by healthcare, government, and manufacturing sectors, with major employers such as Nissan, Continental Tire, and Amazon contributing to long-term economic resilience. Jackson’s multifamily market is characterized by restricted new supply, with only 1,600 units delivered over the past decade, creating strong demand for renovated communities. The Vintage is also located just two miles from Jackson State University and five miles from Downtown Jackson, providing access to a vibrant mix of educational, cultural, and entertainment amenities. This offering represents a rare chance to acquire a well-located asset with significant upside potential in a supply-constrained market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

134

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vintage Apartments & Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.62 AC

LAND SF

201,175 SF

ZONING

-

APN/PARCEL ID

0304-0008-001

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Gray FiserNewmarkMore Info
901-461-1431

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Gray FiserNewmarkMore Info
901-461-1431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.