Updated Duplex with Additional
For Sale
$135,000
6930 Hayton School Rd, Carbondale, IL 62902
Two-unit property with month-to-month occupancy and multiple included parcels.
Property Size1,548 SF
Price / SF$87.21
Days on Market25
Property Features for 6930 Hayton School Rd
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Listing Agency:
Worth Clark Realty
(573) 450-5149
Listed By:
Robin Bert · License #471.021195
Source:
Nations-network
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 30 at 4:54AM
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 Worth Clark Realty
Investment Insights
Based on property information with market context.
This 1,548-square-foot duplex was built in 1970 and is described as very well maintained. Both units are rented on a month-to-month basis, with most occupants reported as long-term tenants. The property includes Lots 805, 806, and 807, with Lot 804 also included in the sale.
The address is near the Spillway and situated along the Shawnee Wine Trail. It is located within the Carterville School District. The offering is identified as one of several properties available separately or together, providing flexibility for buyers evaluating a duplex acquisition with additional land included.
The address is near the Spillway and situated along the Shawnee Wine Trail. It is located within the Carterville School District. The offering is identified as one of several properties available separately or together, providing flexibility for buyers evaluating a duplex acquisition with additional land included.
Key Highlights
- 1,548 SF duplex built in 1970
- Lots 805, 806, 807, and 804 included
- Units remain rented on a month‑to‑month basis
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
3
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 - Two-unit property with month-to-month occupancy and multiple included parcels.
Where is this duplex located?
The property is located at 6930 Hayton School Rd 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: 1,548 SF duplex built in 1970; Lots 805, 806, 807, and 804 included; Units remain rented on a month‑to‑month basis
