New Construction
For Sale
$615,000
1295 /1297 Bear Ave, Idaho Falls, ID 83402
Two-story design provides open-concept living with extensive cabinetry for storage.
Property Size3,592 SF
Price / SF$171.21
Days on Market41
Property Features for 1295 /1297 Bear Ave
General Information
Standard status
Active
Size
3,592 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Stories
2
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
Connor Van Orden
(208) 529-8888
Source:
Noplacelikeidaho
Added: Jul 24
Changed: Aug 29
Last Checked: Sep 1 at 11:03PM
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 Realty East Idaho
Investment Insights
Based on property information with market context.
This new-construction duplex at 1295 /1297 Bear Ave offers 3,592 square feet across a two-story design. The residence features a three-bedroom, two-bathroom layout, open-concept living areas, and no basement. Cabinetry is incorporated throughout the kitchen, bathrooms, and additional areas to support storage needs, while warm interior finishes create a comfortable residential setting.
The property is positioned on the west side of town near schools, shopping, dining, and everyday amenities. Interstate access is also available for commuting. Built in 2026, the duplex combines a contemporary layout with practical day-to-day features.
The property is positioned on the west side of town near schools, shopping, dining, and everyday amenities. Interstate access is also available for commuting. Built in 2026, the duplex combines a contemporary layout with practical day-to-day features.
Key Highlights
- 3,592 square feet of property size
- New construction completed in 2026
- Two‑story, three‑bedroom, two‑bathroom design
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
$30,256
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
4.92%
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%
$605,120
$605.1K
Cap Rate 7%
$432,229
$432.2K
Cap Rate 9%
$336,178
$336.2K
Market Conditions
NOI Build-Up for 3,592 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
$45.3K $12.60/SF
− Vacancy
−$2.0K −$0.57/SF
EGI
$43.2K $12.03/SF
− OpEx
−$13.0K −$3.61/SF
NOI
$30.3K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /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%
$605,120
Cap Rate 7%
$432,229
Cap Rate 9%
$336,178
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.3K
NOI $30,256 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$391.0K
$342.1K – $456.1K
NOI $27,368 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$793.6K
$694.4K – $925.9K
NOI $55,552 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
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?
Duplex - Two-story design provides open-concept living with extensive cabinetry for storage.
Where is this duplex located?
The property is located at 1295 /1297 Bear Ave Idaho Falls, ID.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 3,592 square feet of property size; New construction completed in 2026; Two‑story, three‑bedroom, two‑bathroom design
