Fourplex with Detached
For Sale
$550,000
1296 Blaine Ave, Idaho Falls, ID 83402
Four two-bedroom apartments are complemented by garage space, off-street parking, and a shared lawn.
Property Size3,264 SF
Price / SF$168.50
Days on Market28
Property Features for 1296 Blaine Ave
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,511
Amenities
detached garages
off-street parking
shared lawn area
established trees
established landscaping
Listing Agency:
Real Broker LLC
(509) 990-2525
Listed By:
Austin Jacobs · License #47428
(208) 357-9511
Source:
Exprealty
Added: Sep 24
Changed: Oct 21
Last Checked: Oct 21 at 1:57AM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This fourplex contains four 2-bedroom, 1-bathroom apartments, each with a kitchen. The property totals 3,264 square feet and includes detached garages, off-street parking, a shared lawn, and established landscaping with mature trees.
Located at 1296 Blaine Ave in Idaho Falls, the property is near shopping, dining, schools, and everyday amenities, with access throughout the city.
Located at 1296 Blaine Ave in Idaho Falls, the property is near shopping, dining, schools, and everyday amenities, with access throughout the city.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,264 square feet across the fourplex
- Detached garages provide additional parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,493
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,860
$549.9K
Cap Rate 7%
$392,757
$392.8K
Cap Rate 9%
$305,478
$305.5K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$41.1K $12.60/SF
− Vacancy
−$1.9K −$0.57/SF
EGI
$39.3K $12.03/SF
− OpEx
−$11.8K −$3.61/SF
NOI
$27.5K $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%
$549,860
Cap Rate 7%
$392,757
Cap Rate 9%
$305,478
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.2K
NOI $27,493 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$355.3K
$310.9K – $414.5K
NOI $24,869 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$721.1K
$631.0K – $841.3K
NOI $50,480 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments are complemented by garage space, off-street parking, and a shared lawn.
Where is this quadplex located?
The property is located at 1296 Blaine Ave Idaho Falls, ID.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,264 square feet across the fourplex; Detached garages provide additional parking and storage
