Duplex with Renovated
For Sale
$425,000
675-677 Holbrook Drive, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size2,600 SF
Lot Size0.18 Acres
Price / SF$163.46
Days on Market38
Property Features for 675-677 Holbrook Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Idaho Falls-R2-Mixed Res
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 5
Parking
2
Basement
Partially Finished
Subdivision
Linden Park-Bon
Elementary school
Linden Park 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
https://maps.app.goo.gl/4syJqas3zfNyvsFh8
Standard status
Active
APN
RPA 1420004002O
Size
2,600 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Exhibit A - Parcel #4
Tax Annual Amount
2871
Legal Description
Exhibit A - Parcel #4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1955
Number of units
2
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
eXp Realty LLC
(208) 890-7776
Listed By:
Grider Peterson Real Estate Team
(208) 227-5389
Added: Jul 28
Changed: Sep 3
Last Checked: Sep 3 at 5:06PM
MLS# 2188077
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 duplex at 675-677 Holbrook Drive contains approximately 2,600 square feet, with 7 bedrooms and 2 bathrooms across the two units. Each side has a detached single-car garage. Unit 675 has undergone a complete interior update that includes paint, flooring, and appliances, while Unit 677 provides a four-bedroom, one-bathroom layout and has been occupied by the same tenants since 2015.
The property sits on a 0.1835-acre lot in Idaho Falls, near schools, parks, shopping, restaurants, and everyday services. Built in 1955, the building has frame and brick construction, forced-air natural gas heating, a composition roof, public water, and public sewer. Up to 13 similar duplexes are also available within the same block.
The property sits on a 0.1835-acre lot in Idaho Falls, near schools, parks, shopping, restaurants, and everyday services. Built in 1955, the building has frame and brick construction, forced-air natural gas heating, a composition roof, public water, and public sewer. Up to 13 similar duplexes are also available within the same block.
Key Highlights
- Approximately 2,600 square feet with 7 total bedrooms and 2 bathrooms
- Unit 675 renovated with new paint, flooring, and appliances
- Unit 677 has 4 bedrooms, 1 bathroom, and tenants in place since 2015
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
$21,900
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
5.15%
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%
$438,000
$438.0K
Cap Rate 7%
$312,857
$312.9K
Cap Rate 9%
$243,333
$243.3K
Market Conditions
NOI Build-Up for 2,600 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
$32.8K $12.60/SF
− Vacancy
−$1.5K −$0.57/SF
EGI
$31.3K $12.03/SF
− OpEx
−$9.4K −$3.61/SF
NOI
$21.9K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /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%
$438,000
Cap Rate 7%
$312,857
Cap Rate 9%
$243,333
Alternative Uses
Best Use
Multifamily LT 5
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$574.4K
$502.6K – $670.2K
NOI $40,211 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, private garages, and one tenant-occupied unit support flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 675-677 Holbrook Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 2,600 square feet with 7 total bedrooms and 2 bathrooms; Unit 675 renovated with new paint, flooring, and appliances; Unit 677 has 4 bedrooms, 1 bathroom, and tenants in place since 2015
