Residential Income Property with
New
For Sale
$425,000
805 K Street, Idaho Falls, ID 83402
MULTI_FAMILY - Idaho Falls, ID
Property Size2,548 SF
Lot Size0.17 Acres
Price / SF$166.80
Days on Market6
Property Features for 805 K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Tn-Trad Neigh, Specific Zoning: Idaho Falls-Tn-Traditional Nbh
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Basement
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Newly Renovated
Fireplace
1
Basement
Exterior Entry, Finished, Full
Appliances
Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
Subdivision
Edgewater Heights-Bon
Lot features
Interstate Exit/ Access, Low Traffic, Near Green Belt, Near Park, Established Lawn, Many Trees, Level
Elementary school
Bush 91EL
Middle school
Taylor View 91JH
High school
Skyline 91HS
Directions
Elva and Riverside. E on Elva Right on Willow, right on K Street, home on left.
Standard status
Active
APN
RPA0700004000A
Size
2,548 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 1, BLOCK 4, EDGEWATER HEIGHTS SW1/4, SEC 18, T 2N, R 38
Tax Annual Amount
3828
Legal Description
TR 1, BLOCK 4, EDGEWATER HEIGHTS SW1/4, SEC 18, T 2N, R 38
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Fireplace(s), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Number of units
2
Building materials
Metal Siding
Listing Agency:
Real Broker LLC
(208) 841-3088
Listed By:
Josh Mitchell
(208) 841-3088
Added: Jul 25
Last Checked: Jul 30 at 3:06PM
MLS# 2188033
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 renovated residential income property includes a main level with a bright living room, remodeled kitchen, and access to a large deck and backyard. The main level has three bedrooms, two full baths, and a spacious family room with fireplace. A separate-entry basement ADU adds a full kitchen, family room with a freestanding fireplace, two bedrooms, a full bath, and dedicated laundry. Additional income is provided by a detached shop. The property is described as fully leased, with main level and basement ADU rents running through March, while the detached shop is on a month-to-month arrangement.
Located at 805 K Street in Idaho Falls, the property sits at the end of a quiet dead-end street. The public remarks note it is less than a block from the Chukars baseball stadium and minutes from the Snake River Greenbelt and Downtown Idaho Falls.
Per the provided remarks, total current rent is stated as $3,700 per month ($44,400 annually), reflecting three income streams from the main level, basement ADU, and detached shop.
Located at 805 K Street in Idaho Falls, the property sits at the end of a quiet dead-end street. The public remarks note it is less than a block from the Chukars baseball stadium and minutes from the Snake River Greenbelt and Downtown Idaho Falls.
Per the provided remarks, total current rent is stated as $3,700 per month ($44,400 annually), reflecting three income streams from the main level, basement ADU, and detached shop.
Key Highlights
- Fully leased and generating $3,700/month ($44,400 annually) from main level, private basement ADU, and detached shop
- Main level: remodeled kitchen, spacious family room with fireplace, 3 bedrooms, 2 full baths, and access to a large deck and backyard
- Basement ADU with separate entry: full kitchen, family room with freestanding fireplace, 2 bedrooms, full bath, and dedicated laundry
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 | $32.1k | $12.60 |
| − Vacancy | −$1.4k | −$0.57 |
| EGI | $30.7k | $12.03 |
| − OpEx | −$9.2k | −$3.61 |
| NOI | $21.5k | $8.42 |
2,548 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.6K
$268.3K – $357.7K
NOI $21,462 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$277.3K
$242.7K – $323.6K
NOI $19,413 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$562.9K
$492.6K – $656.8K
NOI $39,406 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
619
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 - Renovated, fully leased income property with main-level rents plus a separate-entry basement ADU and a detached shop.
Where is this duplex located?
The property is located at 805 K Street 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: Fully leased and generating $3,700/month ($44,400 annually) from main level, private basement ADU, and detached shop; Main level: remodeled kitchen, spacious family room with fireplace, 3 bedrooms, 2 full baths, and access to a large deck and backyard; Basement ADU with separate entry: full kitchen, family room with freestanding fireplace, 2 bedrooms, full bath, and dedicated laundry
