Triplex with Detached
For Sale
$500,000
125 Shoup Ave W, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size2,970 SF
Lot Size0.23 Acres
Price / SF$168.35
Days on Market95
Property Features for 125 Shoup Ave W
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
C-1 w/Residential Current
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 5
Parking
5
Parking features
Driveway, RV
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
0 Not Applic.
Lot features
10000 S F - .49, Dog Run, Garden, R. V. Parking, Sidewalks
Elementary school
Perrine
Middle school
Robert Stuart
High school
Canyon Ridge
Elementary school district
Twin Falls School District #411
Middle school district
Twin Falls School District #411
High school district
Twin Falls School District #411
Directions
Use GPS
Standard status
Active
APN
RPT5381000004B
Size
2,970 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Twin Falls Traceys Subd Lot 4, Exc E Hwy & Exc N.021A (8-10-17 Se)
Tax Annual Amount
2837
Legal Description
Twin Falls Traceys Subd Lot 4, Exc E Hwy & Exc N.021A (8-10-17 Se)
Utilities
Heating system
Electric (Heating), Fireplace(s), Baseboard, Natural Gas, Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Building Details
Year built
1940
Number of units
3
Flooring type
Laminate
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Sun Valley Southern Idaho · Keller Williams Realty
(208) 734-1991
Listed By:
Aaron Miskin · License #SP49242
(208) 572-8500
Added: Jul 7
Changed: Sep 30
Last Checked: Oct 9 at 12:06PM
MLS# 98992940
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,970-square-foot triplex property contains three separate dwellings, including a main residence and two detached homes. The 0.23-acre lot supports a multi-unit income configuration, with the main residence offering multiple occupancy arrangements. The property was built in 1940 and features frame construction, vinyl siding, composition roofing, laminate flooring, forced-air and baseboard heating, and a combination of central and window or wall-mounted cooling. Recent work includes a newer roof, new furnace, new A/C, remodeled bathrooms in the main home, and renovation of the middle unit. Appliances include stoves/ranges, refrigerators, and washer/dryers in all units.
Commercial zoning applies to the property, while residential use is grandfathered. The site is at 125 Shoup Ave W in Twin Falls, approximately 4 minutes from the College of Southern Idaho. Parking features include a driveway and RV parking. The property reports an 8% cap rate.
Commercial zoning applies to the property, while residential use is grandfathered. The site is at 125 Shoup Ave W in Twin Falls, approximately 4 minutes from the College of Southern Idaho. Parking features include a driveway and RV parking. The property reports an 8% cap rate.
Key Highlights
- Three separate dwellings on a 0.23‑acre lot
- 2,970 square feet with commercial zoning and grandfathered residential use
- 8% cap rate
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
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
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
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Commercially zoned income property with grandfathered residential use and three separate dwellings on one lot.
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 a 0.23‑acre lot; 2,970 square feet with commercial zoning and grandfathered residential use; 8% cap rate
