251 11th Street, Idaho Falls, ID 83403
- Added:
- Jun 2, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 9 at 2:06 pm
Property Features for 251 11th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Basement
- Parking
- 2
- Parking features
- Off Street
- Basement
- Full, Unfinished
- Appliances
- Refrigerator, Oven
- Standard status
- Pending
- APN
- RPA0540038035A
- Size
- 2,200 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 35-37, BLOCK 38, CROWS ADDITION
- Tax Annual Amount
- 3979
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1916
- Number of units
- 4
- Building materials
- Frame, Wood Siding
- Roof type
- Metal
Listing agent Chris Schmalz Real Estate Group (208) 529-8888
Listing office Keller Williams Realty East Idaho 3525 Merlin Drive, Idaho Falls, ID (208) 529-8888
Listing date Jun 2, 2026
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.
HighLights
- 1916 frame property with wood siding and a metal roof
- Multi‑unit layout with four studio apartments; two upstairs and two downstairs
- Three units currently occupied on month‑to‑month leases; Unit 1 is vacant for easy showings
- Public utilities: public water and public sewer
- Heat: forced air with natural gas
- Off‑street parking plus a 2‑car garage and an unfinished basement for storage
Overview
Local 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 | $27.7k | $12.60 |
| − Vacancy | −$1.2k | −$0.57 |
| EGI | $26.5k | $12.03 |
| − OpEx | −$7.9k | −$3.61 |
| NOI | $18.5k | $8.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0299265
- Latitude
- 43.4882118
