Back to Search
16-Unit Apartment Complex

1460 Benton Street Idaho Falls, ID 83401

New
1460 Benton Street, Idaho Falls, ID, 83401
$1,550,000
For Sale
Claim this Listing
$1,550,000

MULTI_FAMILY - Idaho Falls, ID

Property Size15,012 SF
Lot Size0.52 Acres
Price / SF$103.25
AddedJul 15
Days on Market2
Last RefreshJul 16 at 9:06 am

Property Features for 1460 Benton Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
32
Bathrooms
16
Rooms
Bedroom 25, Bedroom 4, Bedroom 10, Bedroom 24, Bedroom 16, Bedroom 30, Bedroom 1, Bedroom 8, Bathroom 3, Bathroom 12, Bedroom 12, Bedroom 5, Bathroom 8, Bedroom 14, Bathroom 6, Bedroom 21, Bedroom 26, Bathroom 5, Bathroom 7, Bathroom 13, Bedroom 2, Bathroom 10, Bedroom 23, Bedroom 17, Bedroom 20, Bedroom 3, Bedroom 18, Bedroom 9, Bathroom 1, Bedroom 13, Bedroom 7, Bedroom 29, Bedroom 27, Bathroom 9, Bathroom 2, Bedroom 32, Basement, Bathroom 16, Bedroom 6, Bedroom 28, Bathroom 11, Bedroom 19, Bedroom 22, Bedroom 15, Bedroom 31, Bathroom 15, Bedroom 11, Bathroom 14, Bathroom 4
Parking
22
Basement
Full, Finished, Daylight
Appliances
Separate Water Heaters
Standard status
Active
APN
RPA1422007001A
Size
15,012 SF
Lot size
0.52 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOTS 1-2, E 35' LOT 3, BLOCK 7, LINDEN PARK # 2 NE1/4, SEC 20, T 2N, R
Tax Annual Amount
15799

Utilities

Sewer type
Public Sewer
Heating system
Ceiling, Electric (Heating)
Water source
Public

Building Details

Year built
1966
Number of units
16
Building materials
Brick, Stucco
Roof type
Membrane

Listing agent Kerry Howell License #23797

Listing office Century 21 High Desert 700 Memorial Drive, ID

Listing date Jul 15, 2026

MLS# 2187802 Listing URL

Copyright © 2026 Snake River Regional MLS. 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 16-unit apartment complex consists of three separate two-story buildings on a property measuring just over half an acre. Units are configured as two bedrooms and one bathroom. Some units include private balconies, and there are also fenced courtyard-style units. Basement units feature larger windows for additional light.

The property is described as well maintained, and the buildings have had recent stucco refinishing. There are some single-car garages available to rent.

The current setup is designed for consistent residential operations with uniform two-bedroom unit layouts across the complex, with variations including balconies and courtyard-style areas.

Key Highlights

  • 16‑unit apartment complex on over 1/2 acre
  • 3 separate 2‑story buildings; some units feature private balconies
  • All units are 2 bedroom, 1 bathroom

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $216.2k $14.40
− Vacancy −$8.2k −$0.55
EGI $208.0k $13.85
− OpEx −$93.6k −$6.23
NOI $114.4k $7.62
15,012 SF · lease $14.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.63M
$1.43M – $1.91M (±1% cap)
NOI $114,377 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M (±1% cap)
NOI $232,170 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Hotel & Motel (Bike/Boat/Book/etc) Store Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Centrally located 16-unit complex featuring three separate two-story buildings and all units with two bedrooms.
Where is this apartment building located?
The property is located at 1460 Benton Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 16‑unit apartment complex on over 1/2 acre; 3 separate 2‑story buildings; some units feature private balconies; All units are 2 bedroom, 1 bathroom
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message