Brick Duplex with Shared
For Sale
$169,900
213 Brackett St, Swansea, IL 62226
Two two-bedroom units include shared laundry, covered rear parking, and an updated kitchen and bathroom in one unit.
Property Size1,350 SF
Price / SF$125.85
Days on Market78
Property Features for 213 Brackett St
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
shared laundry room
covered parking
Building Details
Year Built
1951
Buildings
1
Construction
brick
Listing Agency:
Re/Max Signature Properties
Listed By:
Teresa Campbell · License #475167001
(540) 687-1777
Source:
Nations-network
Added: Jul 29
Changed: Oct 6
Last Checked: Oct 7 at 1:55PM
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 Re/Max Signature Properties
Investment Insights
Based on property information with market context.
This 1,350-square-foot brick duplex, built in 1951, contains two residential units with two bedrooms and one bathroom in each. The property includes a shared laundry room, covered parking at the rear, and new electrical boxes serving both units. The left-side unit has an updated kitchen and bathroom.
The property is near Scott AFB, downtown STL, dining, hospitals, shopping, and major roads. It has passed Swansea city inspection and is being offered in as-is condition.
The property is near Scott AFB, downtown STL, dining, hospitals, shopping, and major roads. It has passed Swansea city inspection and is being offered in as-is condition.
Key Highlights
- Two‑unit brick duplex with 1,350 SF of building area
- Each unit includes 2 bedrooms and 1 bathroom
- Shared laundry room serves both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,133
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,660
$222.7K
Cap Rate 7%
$159,043
$159.0K
Cap Rate 9%
$123,700
$123.7K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$17.0K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$15.9K $11.78/SF
− OpEx
−$4.8K −$3.53/SF
NOI
$11.1K $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 Rate 5%
$222,660
Cap Rate 7%
$159,043
Cap Rate 9%
$123,700
Alternative Uses
Best Use
Multifamily LT 5
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$143.3K
$125.4K – $167.2K
NOI $10,029 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units include shared laundry, covered rear parking, and an updated kitchen and bathroom in one unit.
Where is this duplex located?
The property is located at 213 Brackett St Swansea, 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 brick duplex with 1,350 SF of building area; Each unit includes 2 bedrooms and 1 bathroom; Shared laundry room serves both units
