Triplex Income
For Sale
$500,000
125 Shoup Ave W, Twin Falls, ID 83301
Three separate dwellings share a large lot with commercial zoning and grandfathered residential use.
Property Size2,970 SF
Price / SF$168.35
Days on Market20
Property Features for 125 Shoup Ave W
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Multi-Family
Zoning
COMMERCIAL
Additional Details
Cap Rate
8%
Multifamily Units
3
Building Details
Year Built
1940
Buildings
3
Listing Agency:
Keller Williams Sun Valley Southern Idaho
(435) 237-9313
Listed By:
Aaron Miskin · License #SP49242
Source:
Bktidaho
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 25 at 4:08AM
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 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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$547,980
$548.0K
Cap Rate 7%
$391,414
$391.4K
Cap Rate 9%
$304,433
$304.4K
Market Conditions
NOI Build-Up for 2,970 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $27,399 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$681.3K
$596.2K – $794.9K
NOI $47,693 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
