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    Multifamily Home with Shop/RV Garage Title is generated by Realmo AI

    720 E Main Street, Jerome, ID 83338

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    For Sale
    $540,000

    MULTI_FAMILY - Jerome, ID

    Property size:
    4,578 SF
    Price / SF:
    $117/SF
    Added:
    Nov 25, 2025
    Days on Market:
    193
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 720 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 5, Bedroom 7, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 6, Bathroom 5
    Parking
    12
    Parking features
    RV, Driveway
    Interior features
    Walk In Shower
    Fireplace
    1
    Standard status
    Active
    APN
    RPJ13701970050
    Size
    4,578 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TAX 2203833 OF BLK A-197 JEROME TOWNSITE (SE 18-8-17) 20,300 SQFT
    Tax Annual Amount
    7854

    Utilities

    Heating system
    Electric (Heating), Wall Furnace, Fireplace(s), Natural Gas, Forced Air
    Cooling system
    Window Unit(s), Central Air, Wall/Window Unit(s)

    Building Details

    Year built
    1937
    Number of units
    2
    Building materials
    Concrete, Frame, Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Desi Williams

    Listing agent Desi Williams License #AB45857

    Listing office Real Broker LLC 3597 E Monarch Sky Ln Suite 240, Meridian, ID

    Listing date Nov 25, 2025

    MLS# 98968501 Listing URL

    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.

    HighLights

    • 3,776 sq ft home on nearly half an acre with multiple bedrooms and bathrooms for flexible living arrangements.
    • Zoned R2, with possibility of rezoning to C‑2 or obtaining a special use permit for multi‑use options.
    • Main home features 6 bedrooms, 4 bathrooms, a large basement with storage, gas fireplace, forced air heat/AC, and an indoor hot tub room.
    • Heated Shop/RV garage includes 1.5 baths, a kitchen, living room, washer/dryer, and a loft/bedroom—suited for a rental or guest suite.
    • Outdoor amenities include covered patios, front porch, fully fenced yard, fire pit, and an outdoor kitchen with hot/cold water and gas.
    • 40K solar system; main house average electric $5-$10 and second unit around $30 (as stated).

    Overview

    A 3,776 sq ft residential income property on nearly half an acre offering multiple ways to generate income and host guests. The main home has 6 bedrooms and 4 bathrooms, plus a large basement with storage and a spacious laundry area that includes an extra toilet. Interior highlights include a gas fireplace, unique living room molding, a gas heat addition in the kitchen, and forced-air heating/AC. An indoor hot tub room is also included. The heated Shop/RV garage adds 1.5 baths, a kitchen, living room, washer/dryer, and a loft/bedroom, making it well-suited as a rental unit or a private guest suite.

    Zoned R2, with the possibility of rezoning to C-2 or obtaining a special use permit, supporting multi-use concepts depending on approvals. Outside, the property offers covered patios, a front porch, a fully fenced yard, a fire pit, and an outdoor kitchen with hot/cold water and gas for BBQs.

    For buyers or operators seeking a flexible, income-focused setup, this property supports both short- and long-term rental strategies and guest accommodations, with dedicated space in the main home and the heated shop/RV garage. A 40K solar system is included, with the main house averaging $5–$10 and the second unit around $30, as reported in the remarks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jerome
    County
    Jerome
    State
    Idaho
    Longitude
    -114.5082
    Latitude
    42.72436891

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    FAQs

    What type of property is this?
    Duplex - Income-ready residence with a heated shop/RV garage and flexible outdoor features for rental or guest use.
    Where is this duplex located?
    The property is located at 720 E Main Street Jerome, ID.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: 3,776 sq ft home on nearly half an acre with multiple bedrooms and bathrooms for flexible living arrangements.; Zoned R2, with possibility of rezoning to C‑2 or obtaining a special use permit for multi‑use options.; Main home features 6 bedrooms, 4 bathrooms, a large basement with storage, gas fireplace, forced air heat/AC, and an indoor hot tub room.
    (208) 431-7609
    We can help!
    Listing Contact
    Desi Williams
    Real Estate License ID: AB45857
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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.

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