Two-Unit Duplex with
New
For Sale
$325,000
302 E Central Street, Bethalto, IL 62010
Residential Income, Bethalto, IL
Property Size2,352 SF
Lot Size0.31 Acres
Price / SF$138.18
Days on Market3
Property Features for 302 E Central Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Rooms
Bedroom 3, Bedroom 1, Bedroom 2
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Oven, Refrigerator
Subdivision
Running Westward
Elementary school
BETHALTO DIST 8
Middle school
BETHALTO DIST 8
High school
Bethalto
Elementary school district
Bethalto DIST 8
Middle school district
Bethalto DIST 8
High school district
Bethalto DIST 8
Standard status
Active
APN
15-1-09-06-13-304-032
Size
2,352 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7453
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
front porch
back porch
off-street parking
dishwasher
garbage disposal
stainless-steel appliances
Building Details
Year built
2010
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Landmark Realty
(618) 466-1513
Listed By:
Ginny Becker · License #475128555
(618) 560-9397
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 12:06AM
MLS# 26063992
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.
Built in 2010, this duplex contains 2,352 square feet across two residences, each with three bedrooms and two-and-a-half bathrooms. One unit is occupied by a long-term tenant; the other is vacant and has received fresh paint, new carpet, and stainless-steel appliances. The occupied unit also has a new dishwasher and garbage disposal.
The 0.31-acre property includes front and rear porches and off-street parking behind the building. Heating is natural gas forced air, cooling is central air, and the water source is public.
The 0.31-acre property includes front and rear porches and off-street parking behind the building. Heating is natural gas forced air, cooling is central air, and the water source is public.
Key Highlights
- Two units, each with 3 bedrooms and 2 1/2 bathrooms
- 2,352 square feet on a 0.31‑acre lot
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,326
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
$346.5K
Cap Rate 7%
$247,514
$247.5K
Cap Rate 9%
$192,511
$192.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$26.8K $11.40/SF
− Vacancy
−$2.1K −$0.88/SF
EGI
$24.8K $10.52/SF
− OpEx
−$7.4K −$3.16/SF
NOI
$17.3K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
Cap Rate 7%
$247,514
Cap Rate 9%
$192,511
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.8K
NOI $17,326 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$232.3K
$203.3K – $271.1K
NOI $16,263 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$641.1K
$561.0K – $747.9K
NOI $44,876 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 62010, IL
10,847
Population
5,163
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
21.2 sq mi
ZIP Area
512
Density / Sq Mi
$72,717
Median Household Income
$46,689
Median Earnings
$896
Median Rent
$170,000
Median Home Value
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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 - One residence is leased, while the other is vacant and recently updated for occupancy.
Where is this duplex located?
The property is located at 302 E Central Street Bethalto, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 1/2 bathrooms; 2,352 square feet on a 0.31‑acre lot; Built in 2010
