Triplex Income Property with Detached Units

125 Shoup Ave W Twin Falls, ID 83301

Claim this Listing
New
For Sale
$500,000

MULTI_FAMILY - Twin Falls, ID

Property size:
2,970 SF
Lot size:
0.23 Acres
Price / SF:
$168/SF
Added:
Jul 7, 2026
Days on Market:
4
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 125 Shoup Ave W

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 6
Parking
5
Parking features
RV, Driveway
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
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

Utilities

Heating system
Electric (Heating), Baseboard, Natural Gas, Fireplace(s), Forced Air
Cooling system
Window Unit(s), Wall/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 agent Aaron Miskin License #SP49242

Listing office Keller Williams Sun Valley Southern Idaho 647 Filer Ave Suite 101, Twin Falls, ID

Listing date Jul 7, 2026

MLS# 98992940 Listing URL

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 triplex income property includes three separate dwellings on a single lot, with a spacious main residence and two detached homes. Recent improvements include a newer roof, a new furnace, and new A/C, along with full bathroom remodels in the main home and a remodel of the middle unit. The overall layout provides multiple income streams and practical flexibility for tenants and owner-occupants.

The property is located in central Twin Falls, about 4 minutes from the College of Southern Idaho. It is positioned on a larger lot and is described as having commercial zoning with grandfathered residential use.

For buyers seeking a multi-unit residential asset with an owner-occupant component, this configuration supports live-in or tenant-occupied setups across three separate dwellings. The recent upgrades to major systems and portions of the interior can help reduce near-term replacement needs, while the zoning and grandfathered use provide additional operating and planning flexibility for future management decisions.

Key Highlights

  • 8% cap rate triplex with three separate dwellings on one large lot in central Twin Falls
  • Commercial zoning with grandfathered residential use; flexible zoning per listing remarks
  • Recent improvements include a newer roof, new furnace, and new A/C

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 $41.0k $13.80
− Vacancy −$1.8k −$0.62
EGI $39.1k $13.18
− OpEx −$11.7k −$3.95
NOI $27.4k $9.23
2,970 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%

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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Bakery HVAC Service Pharmacy Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three separate dwellings on one lot, supported by recent mechanical and interior upgrades and flexible commercial zoning status.
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: 8% cap rate triplex with three separate dwellings on one large lot in central Twin Falls; Commercial zoning with grandfathered residential use; flexible zoning per listing remarks; Recent improvements include a newer roof, new furnace, and new A/C
Contact an agent
More about this property
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