Two-Unit Duplex with
New
For Sale
Under Contract
$169,900
18 Kingsway Drive, Belleville, IL 62226
MULTI_FAMILY - Belleville, IL
Property Size2,100 SF
Lot Size0.19 Acres
Price / SF$80.90
Days on Market5
Property Features for 18 Kingsway Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Appliances
Range, Refrigerator
Subdivision
Parkmoor 1st Add
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-West
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Standard status
Active Under Contract
APN
08-18.0-109-017
Size
2,100 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3398
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Building materials
Stone
Listing Agency:
Johnston Realty, Inc.
(618) 233-8802
Listed By:
Gary Johnston · License #471004014
(618) 779-4124
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 3:06AM
MLS# 26048361
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 duplex features two separate units, each with 2 bedrooms and 1 bathroom, along with carports for covered parking. The property has a total size listed as 2,100 square feet and sits on a 0.19-acre lot.
Public remarks indicate one unit rents for $1,100 and the other for $850, with the tenant responsible for all utilities.
The offering is structured as a residential income property with two dwellings under one ownership, making it a straightforward duplex configuration for rental use.
Public remarks indicate one unit rents for $1,100 and the other for $850, with the tenant responsible for all utilities.
The offering is structured as a residential income property with two dwellings under one ownership, making it a straightforward duplex configuration for rental use.
Key Highlights
- Duplex built in 1979 offering 2 bedrooms and 1 bathroom per unit
- Current unit rents are $1,100 for one unit and $850 for the other
- Tenant pays all utilities
Financial Insights For Apartment 5plus
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 | $30.2k | $14.40 |
| − Vacancy | −$1.9k | −$0.89 |
| EGI | $28.4k | $13.51 |
| − OpEx | −$12.8k | −$6.08 |
| NOI | $15.6k | $7.43 |
2,100 SF · lease $14.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.4K
$216.5K – $288.6K
NOI $17,318 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$222.9K
$195.0K – $260.0K
NOI $15,601 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$497.1K
$435.0K – $580.0K
NOI $34,800 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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 - Duplex includes two 2-bedroom, 1-bath units with carports and tenant-paid utilities.
Where is this duplex located?
The property is located at 18 Kingsway Drive Belleville, IL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Duplex built in 1979 offering 2 bedrooms and 1 bathroom per unit; Current unit rents are $1,100 for one unit and $850 for the other; Tenant pays all utilities
