Downtown Triplex with Separate
1221 Sage Avenue, Idaho Falls, ID 83402
New
MULTI_FAMILY - Idaho Falls, ID
Property size:
3,424 SFLot size:
0.16 AcresPrice / SF:
$115/SF- Added:
- Jul 1, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 7 at 3:06 am
Property Features for 1221 Sage Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 1, Basement, Bathroom 2
- Parking features
- Off Street
- Basement
- Unfinished, Partial
- Appliances
- Separate Water Heaters, Dishwasher, Dryer, Refrigerator, Oven, Washer, Stove
- Standard status
- Active
- APN
- RPA2020077006O
- Size
- 3,424 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 6, BLOCK 77, RIVERSIDE SW1/4, SEC 18, T 2N, R 38 UNITS 3
- Tax Annual Amount
- 2856
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Frame, Hardboard/Composition
- Roof type
- Metal
Listing agent Dustin Hawkins (208) 437-7122
Listing office Axen Realty 5559 S Sossaman Rd Bldg 1 #101, Mesa, ID (208) 437-7122
Listing date Jul 1, 2026
MLS# 2187466
Listing URL
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.
HighLights
- Downtown Idaho Falls triplex within walking distance of the Snake River, the Idaho Falls Greenbelt, and downtown amenities
- Metal roof; fresh exterior paint; upgraded furnaces and upgraded water heaters
- Each unit has separate electric meters and separate heating with natural gas; tenants pay their own utilities
- Separate water heaters plus in‑unit appliances including stove/oven, refrigerator, dishwasher, washer, and dryer
- Off‑street parking on a dedicated concrete pad with ample street parking; separate main‑level storage for lawn equipment
- Basement includes upgraded mechanicals; public water and public sewer
Overview
This downtown triplex offers three residential units within a single, low-maintenance property configuration. The home is described as meticulously maintained and includes a long-lasting metal roof, fresh exterior paint, and upgraded furnaces and water heaters. Separate electric meters and separate heating are provided for each unit, allowing tenants to pay their own utilities. The largest unit includes in-unit laundry, while the other two layouts are arranged to maximize space. A main-level storage area is available for items such as lawn equipment, and the basement houses the upgraded mechanicals. One unit is intentionally left vacant to support an owner-occupant moving in at closing while the other two units remain leased.
The property is located at 1221 Sage Avenue in Idaho Falls, described as within walking distance to the Snake River, the Idaho Falls Greenbelt, and downtown amenities. Parking is accommodated with ample street parking, along with off-street parking on a dedicated concrete pad.
For buyers or tenants seeking an income-oriented residential property, this triplex presents a turnkey setup focused on separation of utilities and durable building improvements. The vacant unit option may appeal to an owner-occupant looking to live on-site while receiving support from the two existing leases, with each unit’s separate metering and heating helping keep operations straightforward.
The property is located at 1221 Sage Avenue in Idaho Falls, described as within walking distance to the Snake River, the Idaho Falls Greenbelt, and downtown amenities. Parking is accommodated with ample street parking, along with off-street parking on a dedicated concrete pad.
For buyers or tenants seeking an income-oriented residential property, this triplex presents a turnkey setup focused on separation of utilities and durable building improvements. The vacant unit option may appeal to an owner-occupant looking to live on-site while receiving support from the two existing leases, with each unit’s separate metering and heating helping keep operations straightforward.
Local 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 | $43.1k | $12.60 |
| − Vacancy | −$1.9k | −$0.57 |
| EGI | $41.2k | $12.03 |
| − OpEx | −$12.4k | −$3.61 |
| NOI | $28.8k | $8.42 |
3,424 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.0K
$360.5K – $480.7K
NOI $28,841 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.8K
NOI $26,088 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$756.5K
$661.9K – $882.6K
NOI $52,954 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0389488
- Latitude
- 43.5004994
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex with separate electric meters and heating for each unit, helping tenants manage their own utilities.
Where is this triplex located?
The property is located at 1221 Sage Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Downtown Idaho Falls triplex within walking distance of the Snake River, the Idaho Falls Greenbelt, and downtown amenities; Metal roof; fresh exterior paint; upgraded furnaces and upgraded water heaters; Each unit has separate electric meters and separate heating with natural gas; tenants pay their own utilities
