Brick Duplex with Covered
For Sale
$169,900
213 Brackett Street, Swansea, IL 62226
MULTI_FAMILY - Other - Swansea, IL
Property Size1,350 SF
Lot Size0.20 Acres
Price / SF$125.85
Days on Market44
Property Features for 213 Brackett Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Fireplace
1
Appliances
Range, Refrigerator
Subdivision
Butler & Mc Crackens Sub
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-East
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Directions
GPS Friendly
Standard status
Active
APN
08-21.0-202-014
Size
1,350 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BUTLER & MC CRACKENSSUB OF LOTS 10 & 11 LOT/SEC-2 EXC N 10FT AS IN BK 2544-1610
Tax Annual Amount
3000
Legal Description
BUTLER & MC CRACKENSSUB OF LOTS 10 & 11 LOT/SEC-2 EXC N 10FT AS IN BK 2544-1610
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Building materials
Brick, Vinyl Siding
Architectural style
Other
Listing Agency:
Re/Max Signature Properties · RE/MAX International
(618) 726-2123
Listed By:
Teresa Campbell · License #475167001
(518) 604-4791
Added: Jul 8
Changed: Jul 22
Last Checked: Aug 20 at 4:06PM
MLS# 26030702
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 brick duplex at 213 Brackett Street features two units, each offering two bedrooms and one bathroom. The property includes a shared laundry room for residents. The left unit has recently been updated with a modern kitchen and bathroom, and both units have new electrical boxes. Covered parking is located in the back alley.
The home is near Scott AFB and is also positioned for access to downtown STL, dining, hospitals, shopping, and main roads. The property has passed Swansea city inspection and is being sold “As Is.”
The home is near Scott AFB and is also positioned for access to downtown STL, dining, hospitals, shopping, and main roads. The property has passed Swansea city inspection and is being sold “As Is.”
Key Highlights
- Brick duplex at 213 Brackett St with 2 bedrooms and 1 bathroom per unit
- Left unit has been updated with a modern kitchen and bathroom
- Shared laundry room for both units
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
$11,133
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
6.55%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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 - Brick duplex with two bedrooms and one bathroom per unit, shared laundry, and covered parking in back.
Where is this duplex located?
The property is located at 213 Brackett Street 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: Brick duplex at 213 Brackett St with 2 bedrooms and 1 bathroom per unit; Left unit has been updated with a modern kitchen and bathroom; Shared laundry room for both units
