16-Unit Apartment
1460 Benton Street Idaho Falls, ID 83401
For Sale
$1,550,000
MULTI_FAMILY - Idaho Falls, ID
Property Size15,012 SF
Lot Size0.52 Acres
Price / SF$103.25
Days on Market9
Property Features for 1460 Benton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 32
- Bathrooms
- 16
- Rooms
- Bedroom 8, Bedroom 10, Bathroom 10, Bedroom 25, Bedroom 1, Bathroom 8, Bedroom 6, Bedroom 26, Bedroom 15, Bedroom 24, Bedroom 16, Bedroom 32, Bedroom 3, Bathroom 3, Bedroom 22, Bedroom 19, Bathroom 2, Bathroom 16, Bathroom 1, Bedroom 31, Basement, Bedroom 20, Bedroom 18, Bathroom 11, Bedroom 13, Bedroom 27, Bedroom 4, Bedroom 30, Bathroom 5, Bathroom 4, Bathroom 14, Bedroom 2, Bedroom 12, Bedroom 28, Bedroom 21, Bathroom 12, Bedroom 17, Bedroom 29, Bedroom 23, Bathroom 9, Bedroom 5, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 15, Bathroom 13, Bedroom 7, Bedroom 11, Bedroom 14
- Parking
- 22
- Basement
- Full, Daylight, Finished
- Appliances
- Separate Water Heaters
- Standard status
- Active
- APN
- RPA1422007001A
- Size
- 15,012 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 1-2, E 35' LOT 3, BLOCK 7, LINDEN PARK # 2 NE1/4, SEC 20, T 2N, R
- Tax Annual Amount
- 15799
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Ceiling
- Water source
- Public
Building Details
- Year built
- 1966
- Number of units
- 16
- Building materials
- Brick, Stucco
- Roof type
- Membrane
Listing Agency:
Century 21 High Desert
(208) 524-2121
Listed By:
Kerry Howell · License #23797
(208) 524-2121
Added: Jul 17
Last Checked: Jul 25 at 7:06AM
MLS# 2187802
Copyright © 2026 Snake River Regional MLS. 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 16-unit apartment complex features a unique configuration with three separate two-story buildings. The property includes 2-bedroom, 1-bath apartments, with basement units that have larger windows for improved natural light. Some units offer private balconies, and there are fenced courtyard-style units within the community.
The seller indicates the buildings have had recent stucco refinishing. The property also includes some single-car garages that are available to rent.
Set on over a half acre, the complex has a long-time owner and is described as having an excellent rental history. The listing is currently marked as accepting backup offers during the due diligence period.
The seller indicates the buildings have had recent stucco refinishing. The property also includes some single-car garages that are available to rent.
Set on over a half acre, the complex has a long-time owner and is described as having an excellent rental history. The listing is currently marked as accepting backup offers during the due diligence period.
Key Highlights
- 16‑unit apartment complex on over 1/2 acre
- Three separate 2‑story buildings
- All units are 2‑bedroom, 1‑bath layout, including basement units with larger windows for added light
Financial Insights For Apartment 5plus
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 | $216.2k | $14.40 |
| − Vacancy | −$8.2k | −$0.55 |
| EGI | $208.0k | $13.85 |
| − OpEx | −$93.6k | −$6.23 |
| NOI | $114.4k | $7.62 |
15,012 SF · lease $14.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,377 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,170 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 16-unit apartment property with three 2-story building layout and on-site fenced courtyard units.
Where is this apartment building located?
The property is located at 1460 Benton Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 16‑unit apartment complex on over 1/2 acre; Three separate 2‑story buildings; All units are 2‑bedroom, 1‑bath layout, including basement units with larger windows for added light
