New Construction
For Sale
$624,900
5405 Park Lawn Drive, Chubbuck, ID 83202
Residential Income, Chubbuck, ID
Property Size3,200 SF
Lot Size0.15 Acres
Price / SF$195.28
Days on Market198
Property Features for 5405 Park Lawn Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Bannock-Residential Suburban
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 5
Basement
Crawl Space
Appliances
Separate Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
Lot features
Interstate Exit/ Access, Near Mall/ Shop, Flower Beds, Sprinkler- Auto, Sprinkler System- Full
Elementary school
Ellis
Middle school
Alameda Middle School
High school
Highland
Directions
From New Day Parkway turn left on Yellowstone ave, Left on Briscoe follow round about to Park Lawn all units are on the West side of Park Lawn.
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
HOA Fee
$320 Monthly
Legal Description
LOT 3 BLOCK 1 LEGACY PARK DIVISION 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Zoned, Ductless
Water source
Public
Amenities
granite countertops
LVP flooring
ptac heating and ac
Building Details
Year built
2026
Number of units
4
Building materials
Stone, Vinyl Siding
Listing Agency:
RE/MAX Country Real Estate · RE/MAX International
(208) 234-4444
Listed By:
Chris Robinson · License #SP28325
(208) 709-1943
Added: Feb 25
Changed: Sep 2
Last Checked: Sep 11 at 10:06PM
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 3,200-square-foot quadplex is under construction with four two-bedroom units and a planned 2026 completion. Interior specifications include granite countertops, LVP flooring, PTAC heating and cooling in each living room, and durable vinyl siding. A fire suppression system and separate water heaters add to the building’s operational features. Kitchen appliances include dishwashers, microwaves, refrigerators, ovens, and stoves; washers and dryers are excluded.
The property occupies 0.15 acres at 5405 Park Lawn Drive in Chubbuck, Idaho. Public water and public sewer serve the site. Electric heating, ductless cooling, and zoned cooling are specified. Professional property management is already in place for the transition to the next owner.
The property occupies 0.15 acres at 5405 Park Lawn Drive in Chubbuck, Idaho. Public water and public sewer serve the site. Electric heating, ductless cooling, and zoned cooling are specified. Professional property management is already in place for the transition to the next owner.
Key Highlights
- Four two‑bedroom units in a 3,200‑square‑foot quadplex
- Under construction with 2026 year built
- Granite countertops, LVP flooring, and durable vinyl siding
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
$21,591
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
3.46%
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%
$431,820
$431.8K
Cap Rate 7%
$308,443
$308.4K
Cap Rate 9%
$239,900
$239.9K
Market Conditions
NOI Build-Up for 3,200 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
$32.6K $10.20/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$30.8K $9.64/SF
− OpEx
−$9.3K −$2.89/SF
NOI
$21.6K $6.75/SF
Area
Bannock County, ID
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$431,820
Cap Rate 7%
$308,443
Cap Rate 9%
$239,900
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
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Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 83202, ID
24,441
Population
8,866
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
93%
High-School Grad
166.8 sq mi
ZIP Area
147
Density / Sq Mi
$68,118
Median Household Income
$39,341
Median Earnings
$941
Median Rent
$300,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences with modern finishes, public utilities, and included kitchen appliances support efficient multifamily operations.
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: Four two‑bedroom units in a 3,200‑square‑foot quadplex; Under construction with 2026 year built; Granite countertops, LVP flooring, and durable vinyl siding
