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    176-188 E 4Th St Idaho Falls, ID 83401

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Idaho Falls, ID

    Property size:
    6,492 SF
    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 28 at 11:06 pm

    Property Features for 176-188 E 4Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    2
    Bathrooms
    1
    APN
    RPA0540013003A
    Parking
    8
    Basement
    Full, Partially Finished
    Appliances
    Separate Water Heaters, Refrigerator, Oven, Stove
    Size
    6,492 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1959
    Number of units
    4
    Building materials
    Frame, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Brett Magleby
    Brett Magleby

    Keller Williams Realty East Idaho (208) 529-8888

    Listing agent Brett Magleby (208) 520-2000

    Listing date Feb 28, 2026

    MLS# 2182289 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Idaho Falls Multifamily Investment Opportunity

    This multifamily property in Idaho Falls features solid brick units and metal roofs. Each of the four units includes 2 bedrooms and 1 bath on the main level. The vacant unit has an additional bedroom in the basement, with space available to finish more. The property uses electric furnaces and electric water heaters. Electrical systems include circuit breakers on the rear of the units and fuses inside. The garages have 4 separate doors but have been utilized by the owner and not included with leases; there are no separate walls between the garage stalls. The garage has a membrane roof. Laundry hookups are available in each unit in the basement. There is potential for one additional large bedroom, family room, laundry room, and storage in the basement. The vacant unit has a finished bedroom in the basement, while the others have unfinished basements. Some updated vinyl windows are installed throughout, but most are aluminum clad. The property, with a lot size of 0.287 acres and a total size of 6492 square feet, presents a great investment opportunity with a strong rental history, managed by Reliable Property Management for years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0317393
    Latitude
    43.4940237

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    FAQs

    What type of property is this?
    Quadplex - Solid brick quadplex with rental history in Idaho Falls.
    Where is this quadplex located?
    The property is located at 176-188 E 4Th St Idaho Falls, ID.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Solid brick construction with metal roof.; - Great investment opportunity with documented rental history.; - Each unit features **2 bedrooms and 1 bath on the main level**.
    (208) 520-2000
    Request Owner's contact information
    176-188 E 4Th St Idaho Falls, ID 83401
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    Idaho Falls, ID 83401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    176-188 E 4Th St Idaho Falls, ID 83401
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    We can help!
    Listing Contact
    Brett Magleby
    Brett Magleby
    Real Estate License ID: SP00019998
    (208) 520-2000 (208) 529-8888
    Learn more
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