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The Vintage Apartments & Townhomes 621 Houston Ave 134 Unit Apartment Building For Sale Jackson, MS 39209

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Investment Highlights

Lender-directed sale offering a unique opportunity to acquire at an attractive basis
Proximity to major employment centers, including UMMC, Jackson Medical District, and Downtown Jackson
Restricted multifamily supply in Jackson supports strong demand for value-add repositioning

Recent $3.1 million capital investment focused on asset preservation and long-term stability
Located near Jackson State University, a leading HBCU with 6,500 students and 1,750 staff
Easy access to I-20 and I-55, connecting residents to regional job hubs and amenities

Executive Summary

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.

Property Facts

Sale Type	Investment	Building Class	C
Sale Condition	Distress Sale	Lot Size	4.62 AC
No. Units	134	Building Size	134,000 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1967
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Condition	Distress Sale
No. Units	134
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	4.62 AC
Building Size	134,000 SF
No. Stories	2
Year Built	1967
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.