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 Market88
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: Oct 8
Last Checked: Oct 19 at 8:54AM
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
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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 / Yr
$30,256
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
