See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

827 N State St, Jackson, MS, 39202

1beds
1baths
23,220sqft
$3,250,000
$140price/sqft
$23,478/moest. monthly cost
$939,120/yrincome needed

About This Home

City View Apartments, a fully occupied, 24-unit multi-family asset ideally positioned in the heart of Jackson's most dynamic urban corridor. This four-story, elevator-served community represents a rare, stabilized investment opportunity with institutional-quality finishes, strong infrastructure fundamentals, and a recession-resistant tenant base driven by one of the Southeast's most powerful concentrations of healthcare, higher education, government, and professional employment. Situated directly on N. State Street, the property is surrounded by major demand generators including UMMC, Baptist Medical Center, Millsaps College, Mississippi College School of Law, Belhaven University, and the Mississippi State Capitol. This location provides ample convenience for professional tenants looking for an area that offers entertainment, recreational parks and trails in close proximity to work. City View Apartments is a beautifully renovated, four-story mid-rise featuring 24 upgraded residential units currently at 100% occupancy. The property has been meticulously maintained and offers residents a premium urban living experience in the heart of multiple entertainment districts. Unit Interiors: Renovated units feature luxury vinyl plank (LVP) flooring and tile-wrapped shower surrounds, reflecting a thoughtful renovation program that attracts and retains quality, long-term professional tenants. Secured Parking: Tenants enjoy private gated parking with fob-controlled access — a highly valued amenity for the professional renter demographic this location commands, and a meaningful competitive differentiator in the urban core submarket. Building Systems: The property is equipped with a passenger elevator, LED lighting throughout for energy efficiency, and comprehensive security lighting. These features reduce operating expenses and enhance resident safety and satisfaction. Roof — Major Capital Item Addressed: A new roof coating was professionally applied in May 2026, backed by a 15-year unlimited warranty. This substantially reduces near-term capital expenditure risk for the incoming investor and reflects the current ownership's commitment to long-term asset preservation.

Getting Around

73
WalkingVery Walkable
30
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

8/10
2/10
Lanier High SchoolGrades 7-121.5 mi
9/10
Northwest Middle SchoolGrades 6-86.7 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1941

Materials

  • Foundation: Concrete Perimeter,Slab
  • Roof: Other
  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Electric Oven,Gas Cooktop,Gas Oven,Gas Range,Gas Water Heater,Oven,Refrigerator,Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator,Walk-In Closet(s)
  • Flooring: Ceramic Tile,Tile,Wood

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 23,220
  • Total interior livable area: 23,220 sqft

Property

Details

  • Parcel number: 00400004025

Features

  • Levels: Three Or More
  • Stories: 3
  • Exterior features: Private Entrance
  • Fencing: Privacy,Wrought Iron,Fenced
  • Waterfront features: None

Lot

  • Lot size: 0.53 Acres

Parking

  • Parking features: Assigned

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Tornado
    TornadoVery High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Hail
Tornado
Ice Storm
Strong Wind
Cold Wave
Earthquake
Hurricane
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters in Hinds County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $16,433$197,196
Home Insurance *$2,936$35,232
Property Taxes $1,950$23,400
Electricity $2,159$25,909
Total$23,478$281,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$804,960/yr
40% on housing$704,340/yr
45% on housing$626,080/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.0%
-2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$140This listing

vs Other Active Listings

Avg $/sqft

ZIP 39202$115
Hinds County$92

vs Homes Sold Last Month

Median $/sqft

ZIP 39202$147
Hinds County$86

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-09Listed for sale$3,250,000
2026-04-24Listing removed$1,160
2026-04-10Price change$1,160
2026-03-18Price change$1,195
2026-03-09Listed for rent$1,200

For Sale by Agent

AgentRimes H Dinkins
BrokerageMadison Properties, Inc.

Similar Homes