Maintained 4-Unit
For Sale
$769,500
1334 Elmwood Cir, Twin Falls, ID 83301
Four single-level residences offer private outdoor areas and individual mechanical access.
Property Size3,960 SF
Price / SF$194.32
Days on Market61
Property Features for 1334 Elmwood Cir
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Cap Rate
6.7%
Multifamily Units
4
Amenities
covered front patio
private back patio and yard area
mature landscaping
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties
Listed By:
Mandi Riddle · License #DB32412
(208) 733-5336
Source:
Bktidaho
Added: Aug 16
Changed: Sep 15
Last Checked: Oct 7 at 3:13PM
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 Berkshire Hathaway HomeServices Idaho Homes & Properties
Investment Insights
Based on property information with market context.
Located at 1334 Elmwood Circle in Twin Falls, this four-unit residential property was built in 1963 and is arranged around a quiet cul-de-sac setting. Each residence is single level with two bedrooms, one bathroom, approximately 740 sq. ft., a covered front patio, and a private rear patio and yard area.
The property includes mature landscaping and a full basement with access to each unit’s individual furnace and water heater. All four units are currently occupied, and the property has an established rental history. The owner presently covers city water, sewer, trash, and yard maintenance. Current rents reflect an approximate 6.7% cap rate, while projected market rents indicate a potential cap rate exceeding 7.2%.
The property includes mature landscaping and a full basement with access to each unit’s individual furnace and water heater. All four units are currently occupied, and the property has an established rental history. The owner presently covers city water, sewer, trash, and yard maintenance. Current rents reflect an approximate 6.7% cap rate, while projected market rents indicate a potential cap rate exceeding 7.2%.
Key Highlights
- Four‑unit property with all residences currently occupied
- Each unit includes 2 bedrooms, 1 bathroom, and approximately 740 sq. ft.
- Single‑level layouts with covered front patios and private back patios and yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,532
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,640
$730.6K
Cap Rate 7%
$521,886
$521.9K
Cap Rate 9%
$405,911
$405.9K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$54.6K $13.80/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$52.2K $13.18/SF
− OpEx
−$15.7K −$3.95/SF
NOI
$36.5K $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%
$730,640
Cap Rate 7%
$521,886
Cap Rate 9%
$405,911
Alternative Uses
Best Use
Multifamily LT 5
$521.9K
$456.7K – $608.9K
NOI $36,532 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$908.4K
$794.9K – $1.06M
NOI $63,591 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
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Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 single-level residences offer private outdoor areas and individual mechanical access.
Where is this quadplex located?
The property is located at 1334 Elmwood Cir Twin Falls, ID.
What is the asking price?
The asking price for this property is $769,500.
What are key features of this property?
This property features: Four‑unit property with all residences currently occupied; Each unit includes 2 bedrooms, 1 bathroom, and approximately 740 sq. ft.; Single‑level layouts with covered front patios and private back patios and yards
