Duplex with Finished
For Sale
$399,900
119 8th St, Idaho Falls, ID 83401
Two updated residences offer separate outdoor areas and dedicated stalls in a detached garage.
Property Size3,165 SF
Price / SF$126.35
Days on Market14
Property Features for 119 8th St
General Information
Standard status
Active
Size
3,165 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,353
Amenities
individual decks
private fenced yards
finished basement family room
bar
Building Details
Buildings
1
Listing Agency:
Axis Idaho Realty
(208) 745-9393
Listed By:
Jed Lowder · License #DB29074
(208) 313-6692
Source:
Exprealty
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 19 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Axis Idaho Realty
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Investment Insights
Based on property information with market context.
This 3,165-square-foot duplex contains two updated units, each with a living room, dining area, kitchen, bedrooms and modernized bathrooms. Tile flooring and appliances are included in both kitchens. One unit has an ensuite primary bedroom with patio access; the other includes a finished basement family room with a bar and adjoining flexible space with a full bath.
Each residence has its own deck and fenced yard. The property also includes a detached garage with dedicated stalls for the units.
Each residence has its own deck and fenced yard. The property also includes a detached garage with dedicated stalls for the units.
Key Highlights
- 3,165 square feet across two updated units
- Each unit includes a living room, dining area, kitchen, bedrooms and modernized bathrooms
- Finished basement family room, bar and adjoining flexible area with full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,659
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,180
$533.2K
Cap Rate 7%
$380,843
$380.8K
Cap Rate 9%
$296,211
$296.2K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$39.9K $12.60/SF
− Vacancy
−$1.8K −$0.57/SF
EGI
$38.1K $12.03/SF
− OpEx
−$11.4K −$3.61/SF
NOI
$26.7K $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 Rate 5%
$533,180
Cap Rate 7%
$380,843
Cap Rate 9%
$296,211
Alternative Uses
Best Use
Multifamily LT 5
$380.8K
$333.2K – $444.3K
NOI $26,659 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,114 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$699.3K
$611.9K – $815.8K
NOI $48,949 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate outdoor areas and dedicated stalls in a detached garage.
Where is this duplex located?
The property is located at 119 8th St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,165 square feet across two updated units; Each unit includes a living room, dining area, kitchen, bedrooms and modernized bathrooms; Finished basement family room, bar and adjoining flexible area with full bath
