Renovated Four-Unit Multifamily
For Sale
$1,100,000
703 Locust St., Buhl, ID 83316
Residential Income, Buhl, ID
Property Size7,498 SF
Lot Size0.30 Acres
Price / SF$146.71
Days on Market155
Property Features for 703 Locust St.
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
13
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 9, Bedroom 4, Bedroom 11, Bedroom 13, Bedroom 3, Bedroom 1, Bedroom 8, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 7, Bathroom 8, Bedroom 12, Bedroom 7, Bedroom 2, Bathroom 5
Parking
5
Parking features
Carport
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Buhl Townsite
Lot features
10000 S F - .49, Sidewalks
Elementary school
Popplewell
Middle school
Buhl
High school
Buhl
Elementary school district
Buhl Joint School District #412
Middle school district
Buhl Joint School District #412
High school district
Buhl Joint School District #412
Directions
Broadway to Main, North on Main to 7th Ave N, West to subject property. South side of Football Stadium
Standard status
Active
APN
RPB7241055001C
Size
7,498 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Buhl Townsite Amd Lots 1 & 2 Block 55 (36-9-14) (63-602B)
Tax Annual Amount
5729
Legal Description
Buhl Townsite Amd Lots 1 & 2 Block 55 (36-9-14) (63-602B)
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
Internet
Building Details
Year built
1950
Number of units
4
Building materials
Frame
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Tad Haney · License #AB00003117
(208) 420-4195
Added: May 5
Changed: Sep 12
Last Checked: Oct 6 at 6:06PM
MLS# 98984909
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 four-unit multifamily property contains 7,498 square feet on a 0.3-acre parcel. The original structure, built in 1950, has been comprehensively renovated with a new roof, newer windows, updated plumbing and electrical systems, and new HVAC equipment throughout. A monitored fire-suppression sprinkler system is also in place. The property includes a varied unit configuration with different bedroom and bonus-room arrangements, along with kitchens equipped with stoves, refrigerators, and disposals.
Electrical, gas, and water are separately metered, including four water meters installed behind the city water meter. Internet service is provided. Forced-air natural-gas heating, central air conditioning, frame construction, a composition roof, and carport parking are among the property features. Leases are in place, with additional on-street parking available along Locust Street and on the north side of 7th Street.
Electrical, gas, and water are separately metered, including four water meters installed behind the city water meter. Internet service is provided. Forced-air natural-gas heating, central air conditioning, frame construction, a composition roof, and carport parking are among the property features. Leases are in place, with additional on-street parking available along Locust Street and on the north side of 7th Street.
Key Highlights
- Four‑unit multifamily property with 7,498 square feet
- 0.3‑acre parcel; original structure built in 1950
- New roof, newer windows, updated plumbing and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,171
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,420
$1.4M
Cap Rate 7%
$988,157
$988.2K
Cap Rate 9%
$768,567
$768.6K
Market Conditions
NOI Build-Up for 7,498 SF
Gross rent
$103.5K $13.80/SF
− Vacancy
−$4.7K −$0.62/SF
EGI
$98.8K $13.18/SF
− OpEx
−$29.6K −$3.95/SF
NOI
$69.2K $9.23/SF
Area
Twin Falls County, ID
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,420
Cap Rate 7%
$988,157
Cap Rate 9%
$768,567
Alternative Uses
Best Use
Multifamily LT 5
$988.2K
$864.6K – $1.15M
NOI $69,171 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$889.1K
$777.9K – $1.04M
NOI $62,235 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,405 @ 7.0% cap · market cap 10.95%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 83316, ID
10,295
Population
4,279
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
83%
High-School Grad
293.2 sq mi
ZIP Area
35
Density / Sq Mi
$61,378
Median Household Income
$36,541
Median Earnings
$825
Median Rent
$248,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate utility metering, updated systems, and in-place leases support ongoing operations.
Where is this quadplex located?
The property is located at 703 Locust St. Buhl, ID.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 7,498 square feet; 0.3‑acre parcel; original structure built in 1950; New roof, newer windows, updated plumbing and electrical systems
