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Building Details

Year Built 1940

Buildings 3

Listing Agency: Keller Williams Sun Valley Southern Idaho

Listed By: Aaron Miskin · License #SP49242 Show Phone

Source: Scotreidrealty

Added: Aug 10 Changed: Oct 5 Last Checked: Oct 7 at 3:32PM

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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 Keller Williams Sun Valley Southern Idaho

Investment Insights

Based on property information with market context.

This 2,970-square-foot triplex property, built in 1940, includes three separate dwellings on a shared lot. The main residence has updated bathrooms, while the middle unit has also been remodeled. Recent property improvements include a newer roof, new furnace, and new air-conditioning system.

Commercial zoning allows grandfathered residential use. The property is located at 125 Shoup Ave W in Twin Falls, approximately four minutes from the College of Southern Idaho. The source information identifies an 8% cap rate and highlights the three-dwelling configuration as an income-producing setup.

Key Highlights

• Three separate dwellings on one shared lot
• 2,970 square feet; built in 1940
• Commercial zoning with grandfathered residential use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,399

Cap Rate

5.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$547,980 $548.0K

Cap Rate 7%

$391,414 $391.4K

Cap Rate 9%

$304,433 $304.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,970 SF

Gross rent

$41.0K $13.80/SF

− Vacancy

−$1.8K −$0.62/SF

EGI

$39.1K $13.18/SF

− OpEx

−$11.7K −$3.95/SF

NOI

$27.4K $9.23/SF

Area

Twin Falls County, ID

Vacancy

4.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$547,980

Cap Rate 7%

$391,414

Cap Rate 9%

$304,433

Alternative Uses

Best Use

Multifamily LT 5

$391.4K

$342.5K – $456.7K (±1% cap)

NOI $27,399 @ 7.0% cap · market cap 5.48%

Second Best

Apartment 5plus

$352.2K

$308.1K – $410.9K (±1% cap)

NOI $24,651 @ 7.0% cap · market cap 4.93%

Theoretical Best

Specialty Retail

$681.3K

$596.2K – $794.9K (±1% cap)

NOI $47,693 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Bakery HVAC Service Pharmacy Auto Parts Store Plumbing Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

644

Businesses Nearby

Explore this area Business Placement

Demographics for 83301, ID

60,789

Population

24,466

Households

2.5

Avg Household Size

35

Median Age

24%

College-Educated

90%

High-School Grad

295.7 sq mi

ZIP Area

206

Density / Sq Mi

$62,388

Median Household Income

$36,276

Median Earnings

$1,011

Median Rent

$290,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate dwellings share a large lot with commercial zoning and grandfathered residential use.

Where is this triplex located?

The property is located at 125 Shoup Ave W Twin Falls, ID.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Three separate dwellings on one shared lot; 2,970 square feet; built in 1940; Commercial zoning with grandfathered residential use