Renovated
For Sale
$1,100,000
703 Locust St., Buhl, ID 83316
Four leased units offer varied layouts with individual utility metering and separate HVAC systems.
Property Size7,498 SF
Price / SF$146.71
Days on Market74
Property Features for 703 Locust St.
General Information
Standard status
Active
Size
7,498 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Multifamily Units
4
Amenities
internet
Building Details
Year Built
1950
Listing Agency:
Silvercreek Realty Group
Listed By:
Tad Haney · License #AB00003117
(208) 420-4195
Source:
Platzplace
Added: Jul 25
Changed: Sep 12
Last Checked: Oct 5 at 10:07PM
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.
Located at 703 Locust St. in Buhl, Idaho, this 7,498-square-foot quadplex dates to 1950 and has undergone extensive renovation. The four units provide different configurations, including varied bedroom counts, square footage, and bonus rooms. Improvements include new interior finishes, HVAC systems, plumbing, electrical work, newer windows, and a new roof. A fire suppression sprinkler system with monitor is also in place.
Each unit has separate electrical and gas meters, while four water meters are positioned behind the city water meter to support individual tenant water charges. Internet service is provided, and leases are in place. Parking is available on the street, with additional street parking on the north side of 7th.
Each unit has separate electrical and gas meters, while four water meters are positioned behind the city water meter to support individual tenant water charges. Internet service is provided, and leases are in place. Parking is available on the street, with additional street parking on the north side of 7th.
Key Highlights
- 7,498‑square‑foot quadplex at 703 Locust St., Buhl, ID 83316
- Four units with varied square footage, bedroom counts, and bonus rooms
- Renovated with new roof, interiors, HVAC, plumbing, electrical, and newer windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,171
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,420
$1.4M
Cap Rate 7%
$988,157
$988.2K
Cap Rate 9%
$768,567
$768.6K
Market Conditions
NOI Build-Up for 7,498 SF
Gross rent
$103.5K $13.80/SF
− Vacancy
−$4.7K −$0.62/SF
EGI
$98.8K $13.18/SF
− OpEx
−$29.6K −$3.95/SF
NOI
$69.2K $9.23/SF
Area
Twin Falls County, ID
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,420
Cap Rate 7%
$988,157
Cap Rate 9%
$768,567
Alternative Uses
Best Use
Multifamily LT 5
$988.2K
$864.6K – $1.15M
NOI $69,171 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$889.1K
$777.9K – $1.04M
NOI $62,235 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,405 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 83316, ID
10,295
Population
4,279
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
83%
High-School Grad
293.2 sq mi
ZIP Area
35
Density / Sq Mi
$61,378
Median Household Income
$36,541
Median Earnings
$825
Median Rent
$248,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased units offer varied layouts with individual utility metering and separate HVAC systems.
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 $1,100,000.
What are key features of this property?
This property features: 7,498‑square‑foot quadplex at 703 Locust St., Buhl, ID 83316; Four units with varied square footage, bedroom counts, and bonus rooms; Renovated with new roof, interiors, HVAC, plumbing, electrical, and newer windows
