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    Duplex Income Property with Two Units Title is generated by Realmo AI

    911 S Walnut Street, O Fallon, IL 62269

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    Claim this Listing
    New
    For Sale
    Under Contract
    $265,000

    2-4 Units - O'Fallon, IL

    Property size:
    2,093 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $126/SF
    Added:
    Jun 26, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 911 S Walnut Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    04-31.0-217-005
    Size
    2,093 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4478

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Architectural style
    Other

    We can help!

    Contact an agent
    Matt Horn
    Matt Horn

    Listing agent Matt Horn License #2023007773

    Listing office Landmark Realty 3049 Godfrey Road, Godfrey, IL

    Listing date Jun 26, 2026

    MLS# 26037838 Listing URL

    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.

    HighLights

    • Duplex built in 1983 with central air cooling
    • 2 separate 2‑bedroom, 1‑bath units
    • Both sides are currently occupied
    • Well maintained income‑producing duplex

    Overview

    This duplex offers two separate residential units, each configured with 2 bedrooms and 1 bathroom. Both sides are currently occupied, supporting an income-producing setup within a well maintained property. The overall building size is listed at 2,093 square feet, situated on a 0.35-acre lot.

    Located at 911 S Walnut Street in O’Fallon, Illinois 62269, the property is in St. Clair County. It is offered for sale as a two-unit residential income asset.

    For buyers seeking a straightforward duplex structure, the consistent unit mix can simplify day-to-day operations by keeping layouts aligned across both apartments. With both units already occupied, the property may also appeal to investors looking for an income-producing residential purchase without needing to place new tenants immediately. The 2-bedroom, 1-bath configuration is well suited to a range of household types that typically look for functional, manageable living space.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $26.4k $12.60
    − Vacancy −$1.7k −$0.82
    EGI $24.7k $11.78
    − OpEx −$7.4k −$3.53
    NOI $17.3k $8.25
    2,093 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $246.6K
    $215.8K – $287.7K (±1% cap)
    NOI $17,260 @ 7.0% cap · market cap 6.51%
    Second Best
    Apartment 5plus
    $222.1K
    $194.4K – $259.2K (±1% cap)
    NOI $15,549 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    Office A
    $495.5K
    $433.6K – $578.1K (±1% cap)
    NOI $34,684 @ 7.0% cap · market cap 13.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.918234
    Latitude
    38.582802

    FAQs

    What type of property is this?
    Duplex - Well maintained O’Fallon duplex with two 2-bedroom, 1-bath units, both currently occupied.
    Where is this duplex located?
    The property is located at 911 S Walnut Street O Fallon, IL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Duplex built in 1983 with central air cooling; 2 separate 2‑bedroom, 1‑bath units; Both sides are currently occupied
    More about this property
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