Two-Unit Duplex with
3208 Batson Drive Alton, IL 62002
3208 Batson Drive, Alton, IL, 62002
$98,500
For Sale
$98,500
MULTI_FAMILY - Alton, IL
Property Size1,072 SF
Lot Size0.12 Acres
Price / SF$91.88
Days on Market22
Property Features for 3208 Batson Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bathroom 2
- Parking features
- Covered
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 23-2-08-07-16-402-035
- Size
- 1,072 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1998
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Gas (Cooling), Central Air
- Water source
- Public
Building Details
- Year built
- 1944
- Number of units
- 2
- Building materials
- Aluminum Siding
Listing agency
Landmark Realty
(618) 466-1513
Listed by
Matt Horn · License #471003243
(618) 466-1513
Added: Jul 1 Updated: Jul 22 at 12:36PM Checked: Jul 22 at 4:06PM
MLS# 26041689
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 duplex includes two one-bedroom units. The property has a detached two-car garage and washer and dryer located in the basement. Kitchen appliances in both units are included.
The home is located on a quiet dead-end street in close proximity to the dental school.
Both units are under full one-year leases in place, supporting current income production.
The home is located on a quiet dead-end street in close proximity to the dental school.
Both units are under full one-year leases in place, supporting current income production.
Key Highlights
- Duplex with two 1BR units
- Both units have full one‑year leases in place
- 2‑car detached garage with covered parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.2k | $11.40 |
| − Vacancy | −$940 | −$0.88 |
| EGI | $11.3k | $10.52 |
| − OpEx | −$3.4k | −$3.16 |
| NOI | $7.9k | $7.37 |
1,072 SF · lease $11.40/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$112.8K
$98.7K – $131.6K
NOI $7,897 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$105.9K
$92.7K – $123.5K
NOI $7,412 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,454 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex features two 1BR units, a detached 2-car garage, and in-unit kitchen appliances included.
Where is this duplex located?
The property is located at 3208 Batson Drive Alton, IL.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: Duplex with two 1BR units; Both units have full one‑year leases in place; 2‑car detached garage with covered parking
