Two-Unit Duplex with
For Sale
$375,000
Pending
801-803 S Skyline Drive, Idaho Falls, ID 83402
Residential Income, Idaho Falls, ID
Property Size2,288 SF
Lot Size0.19 Acres
Days on Market28
Property Features for 801-803 S Skyline Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: If Residence 2, Specific Zoning: Not Verified
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
6
Parking features
Garage
Patio and Porch features
Deck
Fireplace
1
Basement
Exterior Entry, Daylight, Full, Finished
Appliances
Dishwasher, Microwave, Refrigerator, Oven, Stove
Subdivision
Cambridge Terrace-Bon
Lot features
Near Schools, Near Site Bus Stop, Established Lawn, Sprinkler- Auto, Sprinkler System- Full
Elementary school
Fox Hollow 91EL
Middle school
Eagle Rock 91JH
High school
Skyline 91HS
Directions
Head West on Pancheri towards Skyline HS. Turn right on Skyline Drive. Property is on your right.
Standard status
Pending
APN
RPA0400007001A
Size
2,288 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1, S 1.5' LOT 2, BLOCK 7, CAMBRIDGE TERRACE PARK
Tax Annual Amount
3053
Legal Description
LOT 1, S 1.5' LOT 2, BLOCK 7, CAMBRIDGE TERRACE PARK
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Fireplace(s)
Water source
Public
Amenities
fireplace
Building Details
Year built
1975
Number of units
2
Building materials
Stucco
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 523-6111
Listed By:
Angie Daw · License #SP44244
(208) 523-6111
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 25 at 12:06AM
MLS# 2188169
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 2,288-square-foot duplex contains two occupied residences, each with 2 bedrooms, 1 full bathroom, a living area with a fireplace, and a 1-car garage. Built in 1975, the property sits on 0.19 acres and includes stucco construction, a composition roof, electric heating, decks, and appliances including refrigerators, ovens, stoves, dishwashers, and microwaves.
Both units are leased on month-to-month terms. Public water and public sewer serve the property. The address is on S Skyline Drive in west Idaho Falls, with schools, shopping, dining, and major roadways identified in the surrounding area.
Both units are leased on month-to-month terms. Public water and public sewer serve the property. The address is on S Skyline Drive in west Idaho Falls, with schools, shopping, dining, and major roadways identified in the surrounding area.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bathroom, a fireplace, and a 1‑car garage
- 2288 square feet on 0.19 acres
- Both residences are occupied under month‑to‑month leases
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
$19,272
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
5.14%
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%
$385,440
$385.4K
Cap Rate 7%
$275,314
$275.3K
Cap Rate 9%
$214,133
$214.1K
Market Conditions
NOI Build-Up for 2,288 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
$28.8K $12.60/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$27.5K $12.03/SF
− OpEx
−$8.3K −$3.61/SF
NOI
$19.3K $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%
$385,440
Cap Rate 7%
$275,314
Cap Rate 9%
$214,133
Alternative Uses
Best Use
Multifamily LT 5
$275.3K
$240.9K – $321.2K
NOI $19,272 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,432 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$505.5K
$442.3K – $589.8K
NOI $35,385 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
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 - Occupied two-bedroom residences offer fireplaces, decks, and separate one-car garages.
Where is this duplex located?
The property is located at 801-803 S Skyline Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 full bathroom, a fireplace, and a 1‑car garage; 2288 square feet on 0.19 acres; Both residences are occupied under month‑to‑month leases
