Two-Unit Bungalow
For Sale
$135,000
6930 Hayton School Road, Carbondale, IL 62902
MULTI_FAMILY - Bungalow - Carbondale, IL
Property Size1,548 SF
Lot Size0.23 Acres
Price / SF$87.21
Days on Market51
Property Features for 6930 Hayton School Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Appliances
Range, Refrigerator
Subdivision
Lakewood Park, Unit 3
Lot features
Back Yard, Front Yard
Elementary school
CARTERVILLE DIST 5
Middle school
CARTERVILLE DIST 5
High school
Carterville
Elementary school district
CARTERVILLE DIST 5
Middle school district
CARTERVILLE DIST 5
High school district
CARTERVILLE DIST 5
Directions
From Spillway Road turn onto Hayton School Road
Standard status
Active
APN
05-32-258-023 & 05-32-258-024
Size
1,548 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1775
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Bungalow
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Robin Bert · License #471.021195
(314) 222-0065
Added: Jul 11
Changed: Aug 17
Last Checked: Aug 30 at 7:06PM
MLS# 26025982
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,548-square-foot duplex includes two residential units, each arranged with two bedrooms and one bathroom. The bungalow-style property was built in 1970 and features frame construction with vinyl siding, a shingle roof, forced-air heating, and window or wall/window cooling units. Appliances include a range and refrigerator. Public water serves the property, and the lot size is 0.23 acres.
The sale includes lots 805, 806, and 807, with Lot 804 also included. The units are reported to remain occupied on a month-to-month basis, with many residents described as long-term tenants. The property is in the Carterville School District, near the Spillway and along the Shawnee Wine Trail.
The sale includes lots 805, 806, and 807, with Lot 804 also included. The units are reported to remain occupied on a month-to-month basis, with many residents described as long-term tenants. The property is in the Carterville School District, near the Spillway and along the Shawnee Wine Trail.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- 1,548 square feet on a 0.23‑acre lot
- Sale includes lots 805, 806, and 807, plus Lot 804
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,360
$240.4K
Cap Rate 7%
$171,686
$171.7K
Cap Rate 9%
$133,533
$133.5K
Market Conditions
NOI Build-Up for 1,548 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.8K $15.36/SF
− Vacancy
−$1.9K −$1.24/SF
EGI
$21.9K $14.12/SF
− OpEx
−$9.8K −$6.35/SF
NOI
$12.0K $7.76/SF
Area
Jackson County, IL
Vacancy
8.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,360
Cap Rate 7%
$171,686
Cap Rate 9%
$133,533
Alternative Uses
Best Use
Multifamily LT 5
$197.2K
$172.6K – $230.1K
NOI $13,804 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$171.7K
$150.2K – $200.3K
NOI $12,018 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$421.9K
$369.2K – $492.3K
NOI $29,536 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 62902, IL
4,344
Population
2,340
Households
1.9
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
68
Density / Sq Mi
$75,313
Median Household Income
$30,218
Median Earnings
$899
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides two bedrooms and one bathroom, with month-to-month occupancy reported for both units.
Where is this duplex located?
The property is located at 6930 Hayton School Road Carbondale, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; 1,548 square feet on a 0.23‑acre lot; Sale includes lots 805, 806, and 807, plus Lot 804
