Residential Income Property with Unfinished
For Sale
$189,000
319 Jackson St, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size960 SF
Lot Size0.14 Acres
Price / SF$196.88
Days on Market298
Property Features for 319 Jackson St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking
1
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F
Elementary school
Harrison
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
From Washington St, E on Heyburn Ave, N on Jackson St to address
Standard status
Active
APN
RPT51810030030
Size
960 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Falls Suburban Park Addn Lot 3 Block 3 (9-10-17 Sw)
Tax Annual Amount
1575
Legal Description
Twin Falls Suburban Park Addn Lot 3 Block 3 (9-10-17 Sw)
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1930
Number of units
1
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Gem State Realty Inc
(208) 734-0400
Listed By:
Matthew Smith · License #SP49220
(208) 602-0002
Added: Nov 7, 2025
Changed: Aug 30
Last Checked: Sep 1 at 6:06AM
MLS# 98966981
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 for-sale residential income property is described as move-in ready, with new carpet and recently painted interior and exterior surfaces. The detached garage exterior has also been recently painted, and the garage roof was replaced in 2024. An unfinished basement provides additional storage, and the home includes a one-car garage with extra room that could be used for shop projects.
The property is located at 319 Jackson St in Twin Falls, ID 83301. A potential exists for alley access and additional parking, which may be relevant for tenants looking for convenient vehicle options.
For buyers seeking a rental-ready setup, the listing notes the property has been operated as a rental for more than 20 years and has a stated track record described as a “great rental history.” It was recently rented at $850 per month. The unfinished basement storage and garage flexibility support everyday tenant utility, while the potential for alley access and more parking may help accommodate varied tenant needs.
The property is located at 319 Jackson St in Twin Falls, ID 83301. A potential exists for alley access and additional parking, which may be relevant for tenants looking for convenient vehicle options.
For buyers seeking a rental-ready setup, the listing notes the property has been operated as a rental for more than 20 years and has a stated track record described as a “great rental history.” It was recently rented at $850 per month. The unfinished basement storage and garage flexibility support everyday tenant utility, while the potential for alley access and more parking may help accommodate varied tenant needs.
Key Highlights
- 1930 frame home with wood siding and a composition roof
- Heating: forced air with natural gas
- New garage roof completed in 2024; garage exterior and home interior/exterior recently painted
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
$7,968
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
4.22%
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%
$159,360
$159.4K
Cap Rate 7%
$113,829
$113.8K
Cap Rate 9%
$88,533
$88.5K
Market Conditions
NOI Build-Up for 960 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
$15.1K $15.72/SF
− Vacancy
−$604 −$0.63/SF
EGI
$14.5K $15.09/SF
− OpEx
−$6.5K −$6.79/SF
NOI
$8.0K $8.30/SF
Area
Twin Falls County, ID
Vacancy
4.00%
Lease Rate
$15.72 /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%
$159,360
Cap Rate 7%
$113,829
Cap Rate 9%
$88,533
Alternative Uses
Best Use
Apartment 5plus
$113.8K
$99.6K – $132.8K
NOI $7,968 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$220.2K
$192.7K – $256.9K
NOI $15,416 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready residence with new flooring and paint, featuring an unfinished basement for storage and a one-car garage.
Where is this single family property located?
The property is located at 319 Jackson St Twin Falls, ID.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1930 frame home with wood siding and a composition roof; Heating: forced air with natural gas; New garage roof completed in 2024; garage exterior and home interior/exterior recently painted
