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Idaho Falls Duplex Opportunity

724-726 N Wabash Avenue Idaho Falls, ID 83401

724-726 N Wabash Avenue, Idaho Falls, ID, 83401
$199,900
Pending
For Sale
Claim this Listing
$199,900
Pending

MULTI_FAMILY - Idaho Falls, ID

Property Size1,680 SF
Lot Size0.15 Acres
AddedApr 10
Days on Market97
Last RefreshJul 15 at 6:06 am

Property Features for 724-726 N Wabash Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking
1
Standard status
Pending
APN
RPA00008175062
Size
1,680 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOT 7, BLOCK 3, FREMONT ADDITION TO THE CITY OF IDAHO FALLS, BONNEVILL
Tax Annual Amount
1665

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Well

Building Details

Year built
1945
Number of units
2
Building materials
Vinyl Siding
Roof type
Metal

Listing agent Jared English License #20608

Listing office Congress Realty, Inc Box 91303264, Sioux Falls, ID

Listing date Apr 10, 2026

MLS# 2185170 Listing URL

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 is located in a convenient area and features two separate units, each with its own entrance and address. The property requires some TLC and updates, providing an opportunity to improve its condition and overall appeal. The lot size is 0.15 acres and the property size is 1680 square feet.

Key Highlights

  • Duplex with two separate units, each with its own entrance and address
  • Year built 1945 (vinyl siding exterior)
  • Heating includes electric heat and natural gas

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $21.2k $12.60
− Vacancy −$953 −$0.57
EGI $20.2k $12.03
− OpEx −$6.1k −$3.61
NOI $14.2k $8.42
1,680 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$202.2K
$176.9K – $235.9K (±1% cap)
NOI $14,151 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.3K (±1% cap)
NOI $12,800 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$371.2K
$324.8K – $433.0K (±1% cap)
NOI $25,982 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Law Firm (Bike/Boat/Book/etc) Store Electrical Service Barber Shop Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home

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

FAQs

What type of property is this?
Duplex - Duplex with separate units needing TLC in convenient location.
Where is this duplex located?
The property is located at 724-726 N Wabash Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex with two separate units, each with its own entrance and address; Year built 1945 (vinyl siding exterior); Heating includes electric heat and natural gas
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