Duplex With Detached
For Sale
$300,000
120 9th Avenue North, Buhl, ID 83316
Two dwelling units accompany a detached woodworking workshop with power, heating, insulation, and garage door access.
Property Size3,156 SF
Price / SF$95.06
Days on Market48
Property Features for 120 9th Avenue North
General Information
Standard status
Active
Size
3,156 SF
Property subtype
Multi-Family
Zoning
B-1
Units
Unit Mix
1 x 3BR/0.5BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1941
Listing Agency:
Lezamiz Real Estate Co.
Listed By:
Sid Lezamiz · License #DB16358
(208) 733-5900
Source:
Scotreidrealty
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 2:35PM
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 Lezamiz Real Estate Co.
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Investment Insights
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Built in 1941, this 3,156-square-foot duplex contains two separate dwelling units. The south residence is vacant and includes three bedrooms and a half bath, while the north residence is tenant occupied with three bedrooms and one bath. Luxury vinyl plank flooring, gas furnaces, and central air are included. The north unit also has an upper studio area with an unfinished bathroom, and each side has its own basement area.
A detached 36X20 workshop sits on the rear portion of the property. The building is used for woodworking and features 220 power, gas heat, insulation, and garage door access. The property is zoned B-1 Central Business District, with use limited by the City of Buhl to two single-family dwellings or two commercial uses.
A detached 36X20 workshop sits on the rear portion of the property. The building is used for woodworking and features 220 power, gas heat, insulation, and garage door access. The property is zoned B-1 Central Business District, with use limited by the City of Buhl to two single-family dwellings or two commercial uses.
Key Highlights
- Two‑unit property totaling 3,156 square feet
- South unit is vacant with 3 bedrooms and a half bath
- North unit has 3 bedrooms, 1 bath, and an upper studio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,195
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$49.6K $15.72/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$47.6K $15.09/SF
− OpEx
−$21.4K −$6.79/SF
NOI
$26.2K $8.30/SF
Area
Twin Falls County, ID
Vacancy
4.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$415.9K
$363.9K – $485.3K
NOI $29,115 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 8.73%
Theoretical Best
Specialty Retail
$724.0K
$633.5K – $844.7K
NOI $50,680 @ 7.0% cap · market cap 16.89%
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
406
Businesses Nearby
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Business Placement
Demographics for 83316, ID
10,295
Population
4,279
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
83%
High-School Grad
293.2 sq mi
ZIP Area
35
Density / Sq Mi
$61,378
Median Household Income
$36,541
Median Earnings
$825
Median Rent
$248,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two dwelling units accompany a detached woodworking workshop with power, heating, insulation, and garage door access.
Where is this duplex located?
The property is located at 120 9th Avenue North Buhl, ID.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit property totaling 3,156 square feet; South unit is vacant with 3 bedrooms and a half bath; North unit has 3 bedrooms, 1 bath, and an upper studio area
