New Construction
5405 Park Lawn Drive Chubbuck, ID 83202
For Sale
$624,900
MULTI_FAMILY - Chubbuck, ID
Property Size3,200 SF
Lot Size0.15 Acres
Price / SF$195.28
Days on Market153
Property Features for 5405 Park Lawn Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 4, Bedroom 8, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Basement
Crawl Space
Appliances
Separate Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
Standard status
Active
APN
RPRCLP2000300
Size
3,200 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLOCK 1 LEGACY PARK DIVISION 2
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Zoned, Ductless
Water source
Public
Building Details
Year built
2026
Number of units
4
Building materials
Stone, Vinyl Siding
Listing Agency:
RE/MAX Country Real Estate
(208) 234-4444
Listed By:
Chris Robinson · License #SP28325
(208) 234-4444
Added: Feb 25
Changed: Jun 30
Last Checked: Jul 28 at 5:06AM
MLS# 2182137
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 turnkey new construction 4-plex offers four residential units, each with a 2-bedroom layout. The homes include modern interior finishes and low-maintenance exterior construction, with features such as granite countertops and LVP flooring. Heating and cooling are provided via PTAC units in the living room. The property also includes a fire suppression system and durable vinyl siding. Appliances are included, with the exception of washers and dryers.
The property is located at 5405 Park Lawn Drive in Chubbuck, Idaho, within Bannock County. The lot size is listed at 0.15 acres, and the total property size is 3,200 square feet. The offering indicates professional property management is already in place for a seamless transition.
For buyers seeking a residential income property, the 4-plex configuration provides multiple rental units within a single investment structure. The newly constructed aspect and modern unit amenities may appeal to tenants looking for contemporary finishes. With appliances included (excluding washer and dryer) and existing management in place, the property is positioned for hands-on or managed ownership depending on the buyer’s preference.
The property is located at 5405 Park Lawn Drive in Chubbuck, Idaho, within Bannock County. The lot size is listed at 0.15 acres, and the total property size is 3,200 square feet. The offering indicates professional property management is already in place for a seamless transition.
For buyers seeking a residential income property, the 4-plex configuration provides multiple rental units within a single investment structure. The newly constructed aspect and modern unit amenities may appeal to tenants looking for contemporary finishes. With appliances included (excluding washer and dryer) and existing management in place, the property is positioned for hands-on or managed ownership depending on the buyer’s preference.
Key Highlights
- New 4‑plex under construction (Year built: 2026) with 2‑bedroom layouts in each unit
- Granite countertops and LVP flooring included in the newly constructed units
- Appliances included: dishwasher, microwave, refrigerator, oven, and stove (washer/dryer not included)
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 | $32.6k | $10.20 |
| − Vacancy | −$1.8k | −$0.56 |
| EGI | $30.8k | $9.64 |
| − OpEx | −$9.3k | −$2.89 |
| NOI | $21.6k | $6.75 |
3,200 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.9K – $359.9K
NOI $21,591 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey four-unit property with 2-bedroom layouts, modern finishes, and included appliances for straightforward ownership.
Where is this quadplex located?
The property is located at 5405 Park Lawn Drive Chubbuck, ID.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: New 4‑plex under construction (Year built: 2026) with 2‑bedroom layouts in each unit; Granite countertops and LVP flooring included in the newly constructed units; Appliances included: dishwasher, microwave, refrigerator, oven, and stove (washer/dryer not included)
