Occupied Quadplex with Laundry
For Sale
$594,900
1403 8th Ave E, Twin Falls, ID 83301
Four occupied units offer established rental history and multiple residential use configurations.
Property Size3,004 SF
Price / SF$198.04
Days on Market52
Property Features for 1403 8th Ave E
General Information
Standard status
Active
Size
3,004 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
washer/dryer hookups
Lot Features: 10000SF - .49, Garden, R.V. Parking, Lot Size Units: Acres
Fencing: Partial
Tax Annual Amount: 3636, Tax Legal Description: Twin Falls Murtaugh Orchard Addn. Lot1;lotH Block 8 1/2, Tax Year: 2025
Flooring: Laminate
Covered Spaces: 2, Garage Spaces: 2, Garage YN: t, Open Parking YN: t
Gross Scheduled Income: 5800
Cooling: Wall/Window Unit(s), Cooling YN: t
Heating: Electric, Forced Air, Natural Gas, Fireplace(s), Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98998602, Listing Service: Full Service, Listing Terms: Cash, Conventional, Private Financing Available, List Price: 594900, Mls Status: Active, Number Of Units Total: 4, Standard Status: Active, Total Actual Rent: 5150
Parking Features: Two Car, Detached, RV Access/Parking, Finished Driveway, Parking Total: 5
Elementary School: Morningside, Elementary School District: Twin Falls School District #411, High School: Twin Falls, High School District: Twin Falls School District #411, Middle Or Junior School: OLeary, Middle Or Junior School District: Twin Falls School District #411
Bedrooms Total: 5
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 3004, Building Area Units: Square Feet, Construction Materials: Frame, Vinyl Siding, Living Area: 3004, Living Area Units: Square Feet, Year Built: 1950
Insurance Expense: 2352, Other Expense: 6000
City: Twin Falls, Coordinates: -114.456414, 42.558381, Country: US, County Or Parish: Twin Falls, Directions: From Locust St turn West on 8th Ave E, Property is on corner of 8th Ave E and Walnut, Latitude: 42.558381, Longitude: -114.456414, Postal Code: 83301, State Or Province: ID, Street Name: 8th Ave E, Street Number: 1403, Street Number Numeric: 1403, Subdivision Name: 0 Not Applic., Unparsed Address: 1403 8th Ave E, Twin Falls ID 83301
Current Use: 2-4 Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: RPT3581085001A, Property Sub Type: Quadruplex, Property Type: Residential Income
Bathrooms Total Integer: 4
Electric: Unit 4 Separate Meter, Utilities: Sewer Connected
Fireplace YN: t
Irrigation Source: Irrigation District: No, Water Source: City Service
Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Building Details
Year Built
1950
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties
(208) 733-5336
Listed By:
Veronica Xander · License #SP46600
(760) 535-5456
Source:
Thgboise
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 15 at 12:06AM
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.
This 3,004-square-foot quadplex at 1403 8th Ave E in Twin Falls was built in 1950 and contains four residential units. All units are occupied by long-term tenants, providing an established rental history. Washer/dryer hookups are included in each unit. The three main units share utility meters, while the rear unit has a separate power meter and pays its own electricity.
The property previously operated as short-term rentals, creating an option to evaluate that use again. The configuration may also accommodate generational living, and the three main units could potentially be combined into one home. These features provide several residential operating and occupancy configurations within one property.
The property previously operated as short-term rentals, creating an option to evaluate that use again. The configuration may also accommodate generational living, and the three main units could potentially be combined into one home. These features provide several residential operating and occupancy configurations within one property.
Key Highlights
- Four‑unit residential property with all units occupied by long‑term tenants
- 3,004‑square‑foot quadplex built in 1950
- Washer/dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,713
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,260
$554.3K
Cap Rate 7%
$395,900
$395.9K
Cap Rate 9%
$307,922
$307.9K
Market Conditions
NOI Build-Up for 3,004 SF
Gross rent
$41.5K $13.80/SF
− Vacancy
−$1.9K −$0.62/SF
EGI
$39.6K $13.18/SF
− OpEx
−$11.9K −$3.95/SF
NOI
$27.7K $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%
$554,260
Cap Rate 7%
$395,900
Cap Rate 9%
$307,922
Alternative Uses
Best Use
Multifamily LT 5
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$356.2K
$311.7K – $415.6K
NOI $24,934 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$689.1K
$603.0K – $804.0K
NOI $48,239 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units offer established rental history and multiple residential use configurations.
Where is this quadplex located?
The property is located at 1403 8th Ave E Twin Falls, ID.
What is the asking price?
The asking price for this property is $594,900.
What are key features of this property?
This property features: Four‑unit residential property with all units occupied by long‑term tenants; 3,004‑square‑foot quadplex built in 1950; Washer/dryer hookups in every unit
