Corner-Lot
For Sale
$675,000
195-197 2nd St, Idaho Falls, ID 83401
Each unit offers an open living and kitchen layout with a center island and included appliances.
Property Size3,880 SF
Price / SF$173.97
Days on Market69
Property Features for 195-197 2nd St
General Information
Standard status
Active
Size
3,880 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Silvercreek Realty Group
Listed By:
Vic Martinez · License #SP45505
(208) 523-6111
Source:
Noplacelikeidaho
Added: Jul 31
Changed: Sep 15
Last Checked: Oct 7 at 1:06PM
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.
Built in 2023, this 3,880-square-foot duplex contains two 1,940-square-foot residences on a corner lot. Both units feature open living and kitchen areas, center islands, included appliances, substantial storage, and two-car garages. The main level includes a primary bedroom and access to the main bathroom, while basement areas provide a family room, additional bedrooms, a full bath, and laundry access.
The property is located near shopping and schools at 195-197 2nd St in Idaho Falls. Its two-unit configuration and separate garage capacity provide a practical layout for a residential income property.
The property is located near shopping and schools at 195-197 2nd St in Idaho Falls. Its two-unit configuration and separate garage capacity provide a practical layout for a residential income property.
Key Highlights
- Two‑unit duplex totaling 3,880 SF
- Each residence measures 1,940 SF
- Built in 2023 on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,682
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,640
$653.6K
Cap Rate 7%
$466,886
$466.9K
Cap Rate 9%
$363,133
$363.1K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$48.9K $12.60/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$46.7K $12.03/SF
− OpEx
−$14.0K −$3.61/SF
NOI
$32.7K $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%
$653,640
Cap Rate 7%
$466,886
Cap Rate 9%
$363,133
Alternative Uses
Best Use
Multifamily LT 5
$466.9K
$408.5K – $544.7K
NOI $32,682 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$422.3K
$369.5K – $492.7K
NOI $29,562 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$857.2K
$750.1K – $1.00M
NOI $60,007 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
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 - Each unit offers an open living and kitchen layout with a center island and included appliances.
Where is this duplex located?
The property is located at 195-197 2nd St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,880 SF; Each residence measures 1,940 SF; Built in 2023 on a corner lot
