Triplex with Vacant
For Sale
$195,000
62 Pine Trail, Fairview Heights, IL 62208
A vacant one-bedroom apartment has passed municipal occupancy inspection and is ready for tenant placement or owner occupancy.
Property Size2,352 SF
Price / SF$82.91
Days on Market17
Property Features for 62 Pine Trail
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,600
Amenities
wall A/C units
washer/dryer hookups
Private Entrance
Building Details
Building Size
2,352 SF
Year Built
1966
Buildings
1
Stories
1
Units
3
Listing Agency:
Century 21 Advantage
(618) 281-7621
Listed By:
Raquel Vice · License #471009948
(618) 978-0519
Source:
Finehomesbydawn
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 26 at 3:50AM
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 Century 21 Advantage
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Investment Insights
Based on property information with market context.
Built in 1966, this three-unit residential property includes one one-bedroom apartment and two two-bedroom apartments. One apartment is vacant and has passed municipal occupancy inspection. The other units have tenants under a mix of annual and month-to-month leases.
Wall-mounted air-conditioning units serve all three apartments, and each has individual washer and dryer hookups. A stove and refrigerator are included in one two-bedroom unit; the vacant apartment includes a stove, refrigerator, washer, and dryer. The landlord pays sewer and trash service, while tenants pay their own electric and water.
Wall-mounted air-conditioning units serve all three apartments, and each has individual washer and dryer hookups. A stove and refrigerator are included in one two-bedroom unit; the vacant apartment includes a stove, refrigerator, washer, and dryer. The landlord pays sewer and trash service, while tenants pay their own electric and water.
Key Highlights
- Three apartments: one 1‑bedroom unit and two 2‑bedroom units
- Vacant unit has passed municipal occupancy inspection
- Existing leases include annual and month‑to‑month terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,473
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,460
$349.5K
Cap Rate 7%
$249,614
$249.6K
Cap Rate 9%
$194,144
$194.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$33.9K $14.40/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$31.8K $13.51/SF
− OpEx
−$14.3K −$6.08/SF
NOI
$17.5K $7.43/SF
Area
St. Clair County, IL
Vacancy
6.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,460
Cap Rate 7%
$249,614
Cap Rate 9%
$194,144
Alternative Uses
Best Use
Multifamily LT 5
$277.1K
$242.5K – $323.3K
NOI $19,396 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$249.6K
$218.4K – $291.2K
NOI $17,473 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$556.8K
$487.2K – $649.6K
NOI $38,976 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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Business Placement
Demographics for 62208, IL
16,992
Population
8,148
Households
2.1
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$78,423
Median Household Income
$42,640
Median Earnings
$1,222
Median Rent
$167,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant one-bedroom apartment has passed municipal occupancy inspection and is ready for tenant placement or owner occupancy.
Where is this triplex located?
The property is located at 62 Pine Trail Fairview Heights, IL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom unit and two 2‑bedroom units; Vacant unit has passed municipal occupancy inspection; Existing leases include annual and month‑to‑month terms
