Two-Unit
New
For Sale
$400,000
1606/1608 Julie Lane, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size2,070 SF
Lot Size0.28 Acres
Price / SF$193.24
Days on Market2
Property Features for 1606/1608 Julie Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Parking
4
Parking features
Carport
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Shoshone Acres
Lot features
10000 S F - .49, Sidewalks
Elementary school
Sawtooth
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 turn East on Julie to property
Standard status
Active
APN
RPT4881003004A
Size
2,070 SF
Lot size
0.28 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Falls Shoshone Acres #4 Lot 4; W 8' of Lot 5 Block 3 (3-10-17 SW)
Tax Annual Amount
2173
Legal Description
Twin Falls Shoshone Acres #4 Lot 4; W 8' of Lot 5 Block 3 (3-10-17 SW)
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1971
Number of units
2
Building materials
Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Nicole Kendall · License #SP38148
(208) 401-5078
Added: Oct 28
Last Checked: Oct 29 at 6:06AM
MLS# 99005011
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.
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Investment Insights
Based on property information with market context.
This 2,070-square-foot duplex contains two residences on a 0.28-acre lot. Unit 1608 was remodeled around 2020 and is occupied under a one-year lease; Unit 1606 has new flooring, paint, and repairs. The property was built in 1971 with frame construction and a metal roof.
Updates include a roof installed in 2023, newer water heaters, and air conditioning added in September 2026. Both units have forced-air heat, central air, a disposal, stove/range, and refrigerator. Carport parking is also provided.
Updates include a roof installed in 2023, newer water heaters, and air conditioning added in September 2026. Both units have forced-air heat, central air, a disposal, stove/range, and refrigerator. Carport parking is also provided.
Key Highlights
- Two‑unit duplex with 2,070 square feet on a 0.28‑acre lot
- Unit 1608 remodeled around 2020 and occupied under a one‑year lease
- Unit 1606 features new flooring, 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
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other has new flooring, paint, and repairs.
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: Two‑unit duplex with 2,070 square feet on a 0.28‑acre lot; Unit 1608 remodeled around 2020 and occupied under a one‑year lease; Unit 1606 features new flooring, paint, and repairs
