Two-Unit Duplex with
18 Kingsway Drive, Belleville, IL 62226
For Sale
$169,900
Under Contract
Residential Income, Belleville, IL
Property Size2,100 SF
Lot Size0.19 Acres
Price / SF$80.90
Days on Market105
Property Features for 18 Kingsway Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
carports
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Johnston Realty, Inc.
(618) 233-8802
Listed By:
Gary Johnston · License IL #471004014
(618) 779-4124
Added: Jul 28
Changed: Oct 26
Last Checked: Nov 9 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex was built in 1979 and provides 2,100 square feet on a 0.19-acre lot. The property includes 2 bedrooms, 1 bathroom, carports, and a kitchen setup with a range and refrigerator. Stone construction, forced-air heating, and central air serve the building, while water service is public.
Located at 18 Kingsway Drive in Belleville, Illinois, the property is identified within the 62226 postal area. Tenants pay all utilities, and the duplex includes separate residential living units suitable for income-producing use.
Located at 18 Kingsway Drive in Belleville, Illinois, the property is identified within the 62226 postal area. Tenants pay all utilities, and the duplex includes separate residential living units suitable for income-producing use.
Key Highlights
- Two‑unit duplex with carports
- 2,100 square feet on a 0.19‑acre lot
- 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,601
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,020
$312.0K
Cap Rate 7%
$222,871
$222.9K
Cap Rate 9%
$173,344
$173.3K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$30.2K $14.40/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$28.4K $13.51/SF
− OpEx
−$12.8K −$6.08/SF
NOI
$15.6K $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%
$312,020
Cap Rate 7%
$222,871
Cap Rate 9%
$173,344
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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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
$162,500
Median Home Value
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Market
Average Price Trend$/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 - Stone construction includes central air, forced-air heating, and public water service.
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: Two‑unit duplex with carports; 2,100 square feet on a 0.19‑acre lot; 2 bedrooms and 1 bathroom
