Duplex with
For Sale
$400,000
Pending
1606/1608 Julie Lane, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size2,070 SF
Lot Size0.28 Acres
Days on Market9
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 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
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
Pending
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
Buildings
1
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Nicole Kendall · License #SP38148
(208) 401-5078
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 5 at 12:06PM
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.
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.
Built in 1971, this frame duplex contains 2,070 square feet across two units on a 0.28-acre parcel. One side was remodeled around 2020 and is occupied under a one-year lease; the tenant pays all utilities. The other unit is vacant and has received new flooring, paint, and repairs. Both units include a stove/range, refrigerator, and disposal. Forced-air heat, central air conditioning, and a carport serve the property.
A metal roof was installed in 2023, and the water heaters are described as newer. The two-unit configuration pairs an occupied residence with a second unit currently undergoing updates.
A metal roof was installed in 2023, and the water heaters are described as newer. The two-unit configuration pairs an occupied residence with a second unit currently undergoing updates.
Key Highlights
- Two‑unit duplex with 2,070 square feet on a 0.28‑acre parcel
- One unit occupied under a one‑year lease; tenant pays all utilities
- Vacant unit 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the second is being refreshed for its next occupancy.
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 parcel; One unit occupied under a one‑year lease; tenant pays all utilities; Vacant unit has new flooring, fresh paint, and repairs
