Duplex with Updated
New
For Sale
$400,000
Pending
1606/1608 Julie Lane, Twin Falls, ID 83301
One residence is occupied under a one-year lease, while the other is being refreshed for its next occupant.
Property Size2,070 SF
Days on Market2
Property Features for 1606/1608 Julie Lane
General Information
Standard status
Pending
Size
2,070 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1971
Listed By:
Build Idaho Real Estate Team
(208) 974-5613
Source:
Buildidaho
Added: Nov 4
Last Checked: Nov 4 at 2:22PM
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 Build Idaho Real Estate Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,070-square-foot duplex at 1606/1608 Julie Lane in Twin Falls contains two residences. The home at 1608 was remodeled around 2020 and is occupied under a one-year tenant lease. Work at 1606 includes new flooring, paint, and repairs. The property was built in 1971 and received a replacement roof in 2023; water heaters are described as newer, with air conditioning replaced in September 2026.
Key Highlights
- 2,070‑square‑foot duplex built in 1971
- Unit 1608 remodeled around 2020 and leased on a one‑year term
- Unit 1606 has new flooring, fresh paint, and repairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,096
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$28.6K $13.80/SF
− Vacancy
−$1.3K −$0.62/SF
EGI
$27.3K $13.18/SF
− OpEx
−$8.2K −$3.95/SF
NOI
$19.1K $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%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$245.4K
$214.8K – $286.4K
NOI $17,181 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$474.9K
$415.5K – $554.0K
NOI $33,241 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
871
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied under a one-year lease, while the other is being refreshed for its next occupant.
Where is this duplex located?
The property is located at 1606/1608 Julie Lane Twin Falls, ID.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,070‑square‑foot duplex built in 1971; Unit 1608 remodeled around 2020 and leased on a one‑year term; Unit 1606 has new flooring, fresh paint, and repairs
