Triplex Income Property with Detached
For Sale
$500,000
125 Shoup Ave W, Twin Falls, ID 83301
MULTI_FAMILY - Twin Falls, ID
Property Size2,970 SF
Lot Size0.23 Acres
Price / SF$168.35
Days on Market24
Property Features for 125 Shoup Ave W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
C-1 w/Residential Current
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3
Parking
5
Parking features
RV, Driveway
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
0 Not Applic.
Lot features
10000 S F - .49, Dog Run, Garden, R. V. Parking, Sidewalks
Elementary school
Perrine
Middle school
Robert Stuart
High school
Canyon Ridge
Elementary school district
Twin Falls School District #411
Middle school district
Twin Falls School District #411
High school district
Twin Falls School District #411
Directions
Use GPS
Standard status
Active
APN
RPT5381000004B
Size
2,970 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Twin Falls Traceys Subd Lot 4, Exc E Hwy & Exc N.021A (8-10-17 Se)
Tax Annual Amount
2837
Legal Description
Twin Falls Traceys Subd Lot 4, Exc E Hwy & Exc N.021A (8-10-17 Se)
Utilities
Heating system
Baseboard, Electric (Heating), Forced Air, Fireplace(s), Natural Gas
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1940
Number of units
3
Flooring type
Laminate
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Sun Valley Southern Idaho · Keller Williams Realty
(208) 734-1991
Listed By:
Aaron Miskin · License #SP49242
(208) 572-8500
Added: Jul 7
Changed: Jul 28
Last Checked: Jul 30 at 12:06PM
MLS# 98992940
Copyright © 2026 Intermountain Multiple Listing Service. 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 triplex income property includes three separate dwellings on a single lot, with a spacious main residence and two detached homes. Recent improvements include a newer roof, a new furnace, and new A/C, along with full bathroom remodels in the main home and a remodel of the middle unit. The overall layout provides multiple income streams and practical flexibility for tenants and owner-occupants.
The property is located in central Twin Falls, about 4 minutes from the College of Southern Idaho. It is positioned on a larger lot and is described as having commercial zoning with grandfathered residential use.
For buyers seeking a multi-unit residential asset with an owner-occupant component, this configuration supports live-in or tenant-occupied setups across three separate dwellings. The recent upgrades to major systems and portions of the interior can help reduce near-term replacement needs, while the zoning and grandfathered use provide additional operating and planning flexibility for future management decisions.
The property is located in central Twin Falls, about 4 minutes from the College of Southern Idaho. It is positioned on a larger lot and is described as having commercial zoning with grandfathered residential use.
For buyers seeking a multi-unit residential asset with an owner-occupant component, this configuration supports live-in or tenant-occupied setups across three separate dwellings. The recent upgrades to major systems and portions of the interior can help reduce near-term replacement needs, while the zoning and grandfathered use provide additional operating and planning flexibility for future management decisions.
Key Highlights
- 8% cap rate triplex with three separate dwellings on one large lot in central Twin Falls
- Commercial zoning with grandfathered residential use; flexible zoning per listing remarks
- Recent improvements include a newer roof, new furnace, and new A/C
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 | $41.0k | $13.80 |
| − Vacancy | −$1.8k | −$0.62 |
| EGI | $39.1k | $13.18 |
| − OpEx | −$11.7k | −$3.95 |
| NOI | $27.4k | $9.23 |
2,970 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.7K
NOI $27,399 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$681.3K
$596.2K – $794.9K
NOI $47,693 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separate dwellings on one lot, supported by recent mechanical and interior upgrades and flexible commercial zoning status.
Where is this triplex located?
The property is located at 125 Shoup Ave W Twin Falls, ID.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 8% cap rate triplex with three separate dwellings on one large lot in central Twin Falls; Commercial zoning with grandfathered residential use; flexible zoning per listing remarks; Recent improvements include a newer roof, new furnace, and new A/C
