Bungalow
For Sale
$135,000
7002 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 Market118
Property Features for 7002 Hayton School Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Appliances
Range, Refrigerator
Subdivision
Lakewood Park
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
Just outside of Carbondale off Hwy 13, turn onto Spillway Road. Go about 3 miles and turn onto Hayton School Road. You can also turn onto Apple Lane and it circles around to Hayton School Rd. You can also get there from Grassy Road to Spillway if coming from Marion. GPS friendly. NO SIGNAGE
Standard status
Active
APN
05-32-258-017
Size
1,548 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1380
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Laminate
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: May 5
Changed: Aug 3
Last Checked: Aug 30 at 7:06PM
MLS# 26025843
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 bungalow-style duplex at 7002 Hayton School Road in Carbondale, IL offers a residential income setup with month-to-month tenancy. The property is well maintained and has been improved and updated as a complex. Interior features include laminate and vinyl flooring, and each unit is equipped with a range and refrigerator. Construction is frame with vinyl siding, and the roof is shingle.
The home sits on a 0.23-acre lot with public water. Heating is forced air, and cooling includes window and wall/window units, along with ceiling fans.
Built in 1973, the duplex is located in the Carterville School district and is described as not far from the Spillway and on the Shawnee Wine Trail. Qualified buyers can arrange a tour with a bank letter or preapproval.
The home sits on a 0.23-acre lot with public water. Heating is forced air, and cooling includes window and wall/window units, along with ceiling fans.
Built in 1973, the duplex is located in the Carterville School district and is described as not far from the Spillway and on the Shawnee Wine Trail. Qualified buyers can arrange a tour with a bank letter or preapproval.
Key Highlights
- 0.23‑acre lot with public water
- 1,548 SF bungalow duplex built in 1973
- Frame construction with vinyl siding and shingle roof
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
Lease Details
Multi-tenant
Tenancy
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 - Bungalow-style duplex on a 0.23-acre lot with public water, forced-air heat, and month-to-month rental status.
Where is this duplex located?
The property is located at 7002 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: 0.23‑acre lot with public water; 1,548 SF bungalow duplex built in 1973; Frame construction with vinyl siding and shingle roof
