Two-Unit Duplex with
112 Kingsway Dr, Belleville, IL 62226
For Sale
$174,500
Each residence includes two bedrooms, one bathroom, and a dedicated covered parking space.
Property Size2,032 SF
Price / SF$85.88
Days on Market96
Property Features for 112 Kingsway Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Johnston Realty, Inc.
Listed By:
Gary Johnston · License IL #471004014
(618) 779-4124
Source:
Nations-network
Added: Aug 7
Changed: Oct 26
Last Checked: Nov 10 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johnston Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 2,032 square feet. Both residences offer a two-bedroom, one-bathroom layout, and each includes a one-car carport. The property is being offered in as-is condition.
Located at 112 Kingsway Drive in Belleville, Illinois, the asset provides a two-unit configuration with separate covered parking for each residence. Tenants are responsible for all utilities.
Located at 112 Kingsway Drive in Belleville, Illinois, the asset provides a two-unit configuration with separate covered parking for each residence. Tenants are responsible for all utilities.
Key Highlights
- Two‑unit duplex with 2,032 square feet
- Both units feature 2 bedrooms and 1 bathroom
- Each residence includes a 1‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,096
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,920
$301.9K
Cap Rate 7%
$215,657
$215.7K
Cap Rate 9%
$167,733
$167.7K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$29.3K $14.40/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$27.4K $13.51/SF
− OpEx
−$12.4K −$6.08/SF
NOI
$15.1K $7.43/SF
Area
St. Clair County, IL
Vacancy
6.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,920
Cap Rate 7%
$215,657
Cap Rate 9%
$167,733
Alternative Uses
Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K
NOI $16,757 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$215.7K
$188.7K – $251.6K
NOI $15,096 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$481.0K
$420.9K – $561.2K
NOI $33,673 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 62226, IL
29,156
Population
13,285
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,098
Density / Sq Mi
$66,018
Median Household Income
$43,284
Median Earnings
$946
Median Rent
$162,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Belleville, IL
Properties on Market for Duplexes in Belleville
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, and a dedicated covered parking space.
Where is this duplex located?
The property is located at 112 Kingsway Dr Belleville, IL.
What is the asking price?
The asking price for this property is $174,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,032 square feet; Both units feature 2 bedrooms and 1 bathroom; Each residence includes a 1‑car carport
