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Renovated Buhl Fourplex Investment Opportunity

703 Locust St. Buhl, ID 83316

703 Locust St., Buhl, ID, 83316
$1,200,000
For Sale
Claim this Listing
$1,200,000

Completely renovated fourplex with separate meters and new HVAC.

Property Size7,498 SF
Price / SF$160.04
AddedMay 25
Days on Market53
Last RefreshJul 16 at 5:46 am

Property Features for 703 Locust St.

General Information

Standard status
Active
Size
7,498 SF
Property subtype
Multi Family Home

Building Details

Year Built
1950

Listing office Silvercreek Realty Group

Listing date May 25, 2026

Source Clearwaterproperties

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 Silvercreek Realty Group


Investment Insights

Based on property information with market context.

This fourplex presents a unique investment opportunity, differing from standard layouts with a variety of unit sizes, bedroom counts, bonus rooms, and monthly lease amounts. The original structure has undergone a complete renovation, featuring a new roof and a new fire suppression sprinkler system with monitor. Newer windows have been installed, and each unit has separate meters for electrical and gas. There are four water meters on the backside of the city water meter for tenants to pay individual water fees. Internet is provided. The interiors of all units are entirely new, including new HVAC systems, plumbing, and electrical systems. Leases are currently in place. On-street parking is available, along with additional parking on the north side of 7th Street. The property size is 7498 square feet.

Key Highlights

  • Completely renovated 4‑plex with all new interiors, HVAC, plumbing, and electrical systems
  • Separate meters for electrical, gas, and individual water fees paid by tenants
  • New fire suppression sprinkler system with monitor

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 $103.5k $13.80
− Vacancy −$4.7k −$0.62
EGI $98.8k $13.18
− OpEx −$29.6k −$3.95
NOI $69.2k $9.23
7,498 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$988.2K
$864.6K – $1.15M (±1% cap)
NOI $69,171 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$889.1K
$777.9K – $1.04M (±1% cap)
NOI $62,235 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M (±1% cap)
NOI $120,405 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Buhl First Assembly ... Church

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Gym & Fitness Center Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Daycare Center

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

FAQs

What type of property is this?
Quadplex - Completely renovated fourplex with separate meters and new HVAC.
Where is this quadplex located?
The property is located at 703 Locust St. Buhl, ID.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Completely renovated 4‑plex with all new interiors, HVAC, plumbing, and electrical systems; Separate meters for electrical, gas, and individual water fees paid by tenants; New fire suppression sprinkler system with monitor
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