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    536 Elba Ave Burley, ID 83318

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    For Sale
    $1,822,593

    Eight-unit multifamily property with expansion potential in a growing area.

    Property size:
    5,400 SF

    Property Features for 536 Elba Ave

    General Information

    Size
    5,400 SF

    Source: Darren Puetz Agent Darren Puetz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burley Multifamily Investment Opportunity

    Located at 536 Elba Avenue in Burley, ID, this multifamily property presents a significant investment opportunity. Constructed in 2020, the property consists of eight units within a 5,400 square foot building, all of which are currently occupied. Each unit features three bedrooms and two bathrooms, with a total of 1,350 square feet spread across two floors, and includes an attached garage. The offering also includes 0.29 acres of adjacent land, presenting a development opportunity for potential expansion. The property is located in North Burley, Cassia County, within a rapidly growing area and is well-maintained. Its location provides close proximity to major roads, retailers, and services. The property is situated in a stable community with a strong population base supported by the College of Southern Idaho and major employers such as Cassia Regional Hospital, McCain Foods, and Dots Foods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Burley
    County
    Cassia
    State
    Idaho
    Longitude
    -113.786367
    Latitude
    42.546436

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property with expansion potential in a growing area.
    Where is this apartment building located?
    The property is located at 536 Elba Ave Burley, ID.
    What is the asking price?
    The asking price for this property is $1,822,593.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and consistent rental income.; - Eight 3-Bedroom/2-Bath Units with Attached Garages: Highly desirable unit configuration for renters.; - Development Opportunity: Includes 0.29 acres of adjacent land for potential expansion.
    (208) 656-2273
    Request Owner's contact information
    536 Elba Ave Burley, ID 83318
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    Burley, ID 83318
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    536 Elba Ave Burley, ID 83318
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