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    578 S Austin Avenue Sugar City, ID 83440

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    Claim this Listing
    New
    For Sale
    $385,000

    MULTI_FAMILY - Other - Sugar City, ID

    Property size:
    1,553 SF
    Lot size:
    0.13 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 11 at 1:06 am

    Property Features for 578 S Austin Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Laundry Room, Bathroom 2, Family Room, Bedroom 2
    Parking
    2
    Patio and Porch features
    Patio
    Interior features
    Main Floor Family Room, Master Downstairs, Master Bath, Pantry, Ceiling Fan(s), New Paint-Full, Walk-In Closet(s)
    Fencing
    Privacy
    Basement
    Crawl Space
    Appliances
    Plumbed For Water Softener, Dishwasher, Microwave, Vented Exhaust Fan, Gas Range, Refrigerator, Gas Water Heater
    Standard status
    Active
    APN
    RPS4OF40080230
    Size
    1,553 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OLD FARM ESTATES DIV 4 LOT 23 BLOCK 8
    Tax Annual Amount
    0

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    New floor coverings-full, Vinyl
    Building materials
    Frame, Hardboard/Composition, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Lerwill
    Ryan Lerwill

    Listing agent Ryan Lerwill License #ID 25087

    Listing office Keller Williams Realty East Idaho 3525 Merlin Drive, Idaho Falls, ID

    Listing date Apr 6, 2026

    MLS# 2182124

    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.

    Overview

    New Twin Home Investment Opportunity

    This thoughtfully designed twin home in Sugar City presents an investment opportunity prior to construction completion. Designed for main-level living, the home features a layout with bedrooms and open gathering areas. The primary bedroom includes an en-suite bathroom with a dual-sink vanity, tile surround shower, and soaker tub. A custom laundry room offers a utility sink. The home incorporates LVP flooring, Level 2 quartz or granite countertops, cabinetry, wood accents, and designer lighting. Purchasing both sides of the twin home could provide rental income or multi-generational living. The property is located minutes from BYU-Idaho, local schools, and shopping. The property size is 1553 square feet and the lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sugar City
    County
    Madison
    State
    Idaho
    Longitude
    -111.748447
    Latitude
    43.863975

    Nearby Similar for Sale

    • $495,000
      2,792 SF

      Spacious Home Near BYU-Idaho

      6 bed, 4 bath home near BYU-Idaho and planned park.
      632 Idaho Avenue, Sugar City, ID 83448
      View Details
    • $480,000
      2,561 SF

      Spacious Home Near BYU-Idaho

      Five-bedroom home in Sugar City, near BYU-Idaho and future park.
      676 Idaho Avenue, Sugar City, ID 83448
      View Details
    • $379,000
      1,600 SF

      Sugar City Twin Home

      Twin home in Sugar City with modern finishes and spacious yard.
      591 Jeanine Drive, Sugar City, ID 83448
      View Details

    FAQs

    What type of property is this?
    Single family property - Twin home in Sugar City, ideal for investment or residence.
    Where is this single family property located?
    The property is located at 578 S Austin Avenue Sugar City, ID.
    What is the asking price?
    The asking price for this property is $385,000.
    (208) 529-8888
    We can help!
    Listing Contact
    Ryan Lerwill
    Ryan Lerwill
    Real Estate License ID: ID 25087
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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