Townhouse-Style
For Sale
$230,000
Pending
16-18 Carol Dr, Collinsville, IL 62234
Fully occupied duplex with basement storage, off-street parking, and separate utility responsibility.
Property Size2,560 SF
Days on Market48
Property Features for 16-18 Carol Dr
General Information
Standard status
Pending
Size
2,560 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,000
Utilities to Site
Yes
Amenities
washer/dryer hookups
Building Details
Year Built
1970
Listing Agency:
Century 21 Reid Baugher Realty
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Sep 13
Changed: Oct 28
Last Checked: Oct 28 at 8:42AM
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 Century 21 Reid Baugher Realty
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Investment Insights
Based on property information with market context.
Built in 1970, this 2,560-square-foot duplex contains two townhouse-style units, each arranged with three bedrooms and a full basement. The property is fully occupied and includes off-street parking for residents.
Both units convey with a range and refrigerator. Basement areas provide washer and dryer hookups, while residents are responsible for their own utilities. The property is located at 16-18 Carol Dr in Collinsville, Illinois.
Both units convey with a range and refrigerator. Basement areas provide washer and dryer hookups, while residents are responsible for their own utilities. The property is located at 16-18 Carol Dr in Collinsville, Illinois.
Key Highlights
- Two 3‑bedroom townhouse‑style units
- 2,560 square feet built in 1970
- Full basement in each unit with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,858
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,160
$377.2K
Cap Rate 7%
$269,400
$269.4K
Cap Rate 9%
$209,533
$209.5K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$29.2K $11.40/SF
− Vacancy
−$2.2K −$0.88/SF
EGI
$26.9K $10.52/SF
− OpEx
−$8.1K −$3.16/SF
NOI
$18.9K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,160
Cap Rate 7%
$269,400
Cap Rate 9%
$209,533
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.7K – $314.3K
NOI $18,858 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$697.8K
$610.6K – $814.1K
NOI $48,845 @ 7.0% cap · market cap 21.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 62234, IL
31,843
Population
14,947
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
37.3 sq mi
ZIP Area
854
Density / Sq Mi
$66,437
Median Household Income
$41,710
Median Earnings
$995
Median Rent
$162,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with basement storage, off-street parking, and separate utility responsibility.
Where is this duplex located?
The property is located at 16-18 Carol Dr Collinsville, IL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two 3‑bedroom townhouse‑style units; 2,560 square feet built in 1970; Full basement in each unit with washer and dryer hookups
