Single-Story Duplex on Two
For Sale
$260,000
210 Anderson Lane, Belleville, IL 62221
Two-parcel residential income property with seller-owned appliances included at contract and access to nearby shopping, dining, and employment centers.
Property Size1,044 SF
Days on Market8
Property Features for 210 Anderson Lane
General Information
Standard status
Active
Size
1,044 SF
Property subtype
Residential Income
Additional Details
Asking Price
$260,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,397
Building Details
Building Size
1,044 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
H3 Capital Real Estate, Llc
(618) 606-3829
Listed By:
Brendan Barone · License #475166300
(618) 606-3829
Source:
Century21laclede
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 5:28AM
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 H3 Capital Real Estate, Llc
Investment Insights
Based on property information with market context.
This single-story duplex includes the residences at 210 and 212 Anderson Lane and is offered as a combined property. The asset was built in 1972 and is situated on two separate parcels, creating a multi-parcel configuration for residential income use. Seller-owned appliances present at the time of contract are included.
The property is located in Shiloh near shopping, dining, employment centers, and major roadways. The sale includes both 210 Anderson Lane and 212 Anderson Lane, allowing the two duplex residences and their separate parcels to transfer together.
The property is located in Shiloh near shopping, dining, employment centers, and major roadways. The sale includes both 210 Anderson Lane and 212 Anderson Lane, allowing the two duplex residences and their separate parcels to transfer together.
Key Highlights
- Single‑story duplex at 210 and 212 Anderson Lane
- Sale includes two separate parcels
- Built in 1972
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
$8,610
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
3.31%
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%
$172,200
$172.2K
Cap Rate 7%
$123,000
$123.0K
Cap Rate 9%
$95,667
$95.7K
Market Conditions
NOI Build-Up for 1,044 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
$13.2K $12.60/SF
− Vacancy
−$855 −$0.82/SF
EGI
$12.3K $11.78/SF
− OpEx
−$3.7K −$3.53/SF
NOI
$8.6K $8.25/SF
Area
St. Clair County, IL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$172,200
Cap Rate 7%
$123,000
Cap Rate 9%
$95,667
Alternative Uses
Best Use
Multifamily LT 5
$123.0K
$107.6K – $143.5K
NOI $8,610 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$110.8K
$97.0K – $129.3K
NOI $7,756 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 6.65%
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
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 62221, IL
29,039
Population
12,460
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
830
Density / Sq Mi
$78,619
Median Household Income
$45,353
Median Earnings
$1,078
Median Rent
$207,200
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-parcel residential income property with seller-owned appliances included at contract and access to nearby shopping, dining, and employment centers.
Where is this duplex located?
The property is located at 210 Anderson Lane Belleville, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Single‑story duplex at 210 and 212 Anderson Lane; Sale includes two separate parcels; Built in 1972
