Maintained Duplex
For Sale
$135,000
7002 Hayton School Rd, Carbondale, IL 62902
Two-unit residential property with ongoing month-to-month occupancy and updates throughout the building.
Property Size1,548 SF
Price / SF$87.21
Days on Market34
Property Features for 7002 Hayton School Rd
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Worth Clark Realty
(573) 450-5149
Listed By:
Robin Bert · License #471.021195
Source:
Nations-network
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 29 at 6:20PM
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 Worth Clark Realty
Investment Insights
Based on property information with market context.
This duplex contains 1,548 square feet and was built in 1973. The property has been maintained and updated, offering a two-unit configuration suited to residential income ownership.
Both units are occupied under month-to-month arrangements, with several residents described as long-term tenants. The property is located in the Carterville School District, near the Spillway and along the Shawnee Wine Trail. The sale includes lots 809 and 810, with Lot 808 also included by the owner.
Both units are occupied under month-to-month arrangements, with several residents described as long-term tenants. The property is located in the Carterville School District, near the Spillway and along the Shawnee Wine Trail. The sale includes lots 809 and 810, with Lot 808 also included by the owner.
Key Highlights
- 1,548‑square‑foot duplex built in 1973
- Two‑unit residential configuration
- Units remain occupied on month‑to‑month arrangements
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
$12,018
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
8.90%
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%
$240,360
$240.4K
Cap Rate 7%
$171,686
$171.7K
Cap Rate 9%
$133,533
$133.5K
Market Conditions
NOI Build-Up for 1,548 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
$23.8K $15.36/SF
− Vacancy
−$1.9K −$1.24/SF
EGI
$21.9K $14.12/SF
− OpEx
−$9.8K −$6.35/SF
NOI
$12.0K $7.76/SF
Area
Jackson County, IL
Vacancy
8.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$240,360
Cap Rate 7%
$171,686
Cap Rate 9%
$133,533
Alternative Uses
Best Use
Multifamily LT 5
$197.2K
$172.6K – $230.1K
NOI $13,804 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$171.7K
$150.2K – $200.3K
NOI $12,018 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$421.9K
$369.2K – $492.3K
NOI $29,536 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 62902, IL
4,344
Population
2,340
Households
1.9
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
68
Density / Sq Mi
$75,313
Median Household Income
$30,218
Median Earnings
$899
Median Rent
$184,300
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 - Two-unit residential property with ongoing month-to-month occupancy and updates throughout the building.
Where is this duplex located?
The property is located at 7002 Hayton School Rd Carbondale, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,548‑square‑foot duplex built in 1973; Two‑unit residential configuration; Units remain occupied on month‑to‑month arrangements
