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6-Unit Townhome-Style Apartment Building
For Sale
$365,000

509 S Poplar St, Carbondale, IL 62901

Bedrooms and a full bath occupy the upper level, with living space, kitchen, and half bath below.

Property Size5,040 SF
Price / SF$72.42
Days on Market9

Property Features for 509 S Poplar St

General Information

Standard status Active
Size 5,040 SF
Property subtype Commercial
Listing Agency: Southern Illinois Realty Experts - Herrin
Listed By: Gregory Holthaus ()
Source: Searchillinoishomesforsale
Added: Sep 27 Changed: Oct 1 Last Checked: Oct 4 at 10:31AM

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 Southern Illinois Realty Experts - Herrin

Investment Insights

Based on property information with market context.

This six-unit apartment property contains townhome-style residences, each with two bedrooms and 1.5 baths. The upper floor holds the bedrooms and full bath; the main floor includes the living area, kitchen, and half bath. Refrigerators, ovens, dishwashers, and washer/dryer sets are included in each unit, and the units are wired independently. The building contains approximately 5,040 square feet on a 0.22-acre parcel.

Five of the six units are leased, and the property has parking for nine vehicles. SIU is a few blocks away, and the address is 509 S Poplar St in Carbondale, Illinois.

Key Highlights

  • Six townhome‑style units, each with 2 bedrooms and 1.5 baths
  • Approximately 5,040 square feet on a 0.22‑acre lot
  • Five of six units are leased

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Bakery Grocery & Convenience Store HVAC Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,379
Businesses Nearby

Demographics for 62901, IL

22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Bedrooms and a full bath occupy the upper level, with living space, kitchen, and half bath below.
Where is this apartment building located?
The property is located at 509 S Poplar St Carbondale, IL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Six townhome‑style units, each with 2 bedrooms and 1.5 baths; Approximately 5,040 square feet on a 0.22‑acre lot; Five of six units are leased
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