Quadplex with RV
For Sale
$594,900
1403 8th Ave E, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size3,004 SF
Price / SF$198.04
Days on Market47
Property Features for 1403 8th Ave E
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5
Parking
5
Parking features
Driveway, RV
Fireplace
1
Appliances
Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
0 Not Applic.
Lot features
10000 S F - .49, Garden, R. V. Parking
Elementary school
Morningside
Middle school
OLeary
High school
Twin Falls
Elementary school district
Twin Falls School District #411
Middle school district
Twin Falls School District #411
High school district
Twin Falls School District #411
Directions
From Locust St turn West on 8th Ave E, Property is on corner of 8th Ave E and Walnut
Standard status
Active
APN
RPT3581085001A
Size
3,004 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Falls Murtaugh Orchard Addn. Lot1;lotH Block 8 1/2
Tax Annual Amount
3636
Legal Description
Twin Falls Murtaugh Orchard Addn. Lot1;lotH Block 8 1/2
Utilities
Heating system
Forced Air, Electric (Heating), Natural Gas, Fireplace(s)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
washer/dryer hookups
Building Details
Year built
1950
Number of units
4
Flooring type
Laminate
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties · Prudential Real Estate
(208) 733-5336
Listed By:
Veronica Xander · License #SP46600
(760) 535-5456
Added: Aug 25
Changed: Sep 21
Last Checked: Oct 10 at 5:06AM
MLS# 98998602
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,004-square-foot quadplex in Twin Falls contains four occupied units, each equipped with a stove/range, refrigerator, and washer/dryer, along with laundry connections. The building was constructed in 1950 with frame construction, vinyl siding, laminate flooring, a composition roof, forced-air heating, fireplaces, natural gas and electric heating, and window or wall/window cooling units. Driveway and RV parking are included.
The three primary units share utility meters, while the rear unit has a dedicated power meter and pays its own electricity. The property has previously operated as short-term rentals, and the existing layout also includes four bedrooms and four bathrooms. It is located at 1403 8th Ave E in Twin Falls, Idaho.
The three primary units share utility meters, while the rear unit has a dedicated power meter and pays its own electricity. The property has previously operated as short-term rentals, and the existing layout also includes four bedrooms and four bathrooms. It is located at 1403 8th Ave E in Twin Falls, Idaho.
Key Highlights
- Four occupied rental units in a 3,004‑square‑foot quadplex
- Each unit includes a stove/range, refrigerator, and washer/dryer
- Rear unit has its own power meter and pays its own electricity
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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 laundry connections, established tenancy, and separate electric metering for the rear unit.
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 occupied rental units in a 3,004‑square‑foot quadplex; Each unit includes a stove/range, refrigerator, and washer/dryer; Rear unit has its own power meter and pays its own electricity
