Downtown 4-Plex Income
413 & 415 3rd Ave N Twin Falls, ID 83301
For Sale
$619,000
MULTI_FAMILY - Twin Falls, ID
Property Size3,135 SF
Lot Size0.21 Acres
Price / SF$197.45
Days on Market94
Property Features for 413 & 415 3rd Ave N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1
- Parking
- 5
- Appliances
- Disposal (No Units), Stove/Range (All Units), Washer/Dryer (No Units)
- Standard status
- Active
- APN
- RPT0001068006AA
- Size
- 3,135 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Twin Falls Townsite Final & Amd All Lot 6; Nw 1/2 Lot 7 Block 68 (16-10-17)
- Tax Annual Amount
- 2524
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Roof type
- Composition
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties
(208) 733-5336
Listed By:
Ben Ramirez · License #SP48512
(208) 420-3933
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 25 at 6:06AM
MLS# 98983302
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 well-maintained 4-plex offers a practical residential income setup with four separate units on a compact lot. The front home includes a newer gas furnace and central AC, which can help reduce near-term maintenance items and support tenant comfort. The property is presented with mature trees and attractive landscaping, contributing to a welcoming setting for residents.
The building is located at 413 & 415 3rd Ave N in Twin Falls, Idaho, in the downtown area. The listing describes the site as centrally positioned near dining and activities, with easy access to other key destinations across Twin Falls.
For buyers seeking a turnkey residential income property, this 4-plex provides a straightforward multifamily structure for managing multiple rental streams from one address. With the HVAC updates noted for the front home and the overall condition described as well-maintained, the property is suited to investors who want a manageable portfolio addition in a central Twin Falls location. The listing also includes gross income of $61,200, offering a reference point for underwriting and review.
The building is located at 413 & 415 3rd Ave N in Twin Falls, Idaho, in the downtown area. The listing describes the site as centrally positioned near dining and activities, with easy access to other key destinations across Twin Falls.
For buyers seeking a turnkey residential income property, this 4-plex provides a straightforward multifamily structure for managing multiple rental streams from one address. With the HVAC updates noted for the front home and the overall condition described as well-maintained, the property is suited to investors who want a manageable portfolio addition in a central Twin Falls location. The listing also includes gross income of $61,200, offering a reference point for underwriting and review.
Key Highlights
- 4‑plex located in the heart of Downtown Twin Falls
- Gross income listed as $61,200
- Heating includes forced air with natural gas; newer gas furnace in the front home
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 | $43.3k | $13.80 |
| − Vacancy | −$1.9k | −$0.62 |
| EGI | $41.3k | $13.18 |
| − OpEx | −$12.4k | −$3.95 |
| NOI | $28.9k | $9.23 |
3,135 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.2K
$361.5K – $482.0K
NOI $28,921 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$371.7K
$325.3K – $433.7K
NOI $26,021 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$719.2K
$629.3K – $839.1K
NOI $50,343 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained 4-plex with updated HVAC serving the front unit, positioned for steady rental operations near downtown.
Where is this quadplex located?
The property is located at 413 & 415 3rd Ave N Twin Falls, ID.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 4‑plex located in the heart of Downtown Twin Falls; Gross income listed as $61,200; Heating includes forced air with natural gas; newer gas furnace in the front home
