Improved Two-Unit
For Sale
$325,000
1755 2nd Ave E, Twin Falls, ID 83301
Two-unit rental property with recent updates, shared laundry, included appliances, and off-street parking.
Property Size2,299 SF
Price / SF$141.37
Days on Market48
Property Features for 1755 2nd Ave E
General Information
Standard status
Active
Size
2,299 SF
Property subtype
Multi-Family
Financials
Cap Rate
8.9%
Gross Income
$36,420
Additional Details
Sprinkler System
Yes
Multifamily Units
2
Amenities
shared laundry room
Building Details
Year Built
1950
Listing Agency:
Keller Williams Sun Valley Southern Idaho
Listed By:
Aaron Miskin · License #SP49242
(435) 237-9313
Source:
Bktidaho
Added: Sep 5
Changed: Oct 4
Last Checked: Oct 7 at 1:00PM
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 Keller Williams Sun Valley Southern Idaho
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Investment Insights
Based on property information with market context.
This 2,299-square-foot duplex contains two income-producing units and was built in 1950. Improvements completed within the last 2 years include new flooring throughout both units, interior and exterior paint, Hardie board siding where needed, bathroom updates with new plumbing, window sealing, select new windows, and preventative roof repairs. A functional sprinkler system serves the property.
The shared laundry room includes a washer and dryer, while each unit is equipped with a refrigerator and range. Off-street parking is also provided. Located at 1755 2nd Ave E in Twin Falls, Idaho, the property reports an 8.9% cap rate and established rental income.
The shared laundry room includes a washer and dryer, while each unit is equipped with a refrigerator and range. Off-street parking is also provided. Located at 1755 2nd Ave E in Twin Falls, Idaho, the property reports an 8.9% cap rate and established rental income.
Key Highlights
- 2,299 SF duplex with two income‑producing units
- 8.9% cap rate
- Improvements completed within the last 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,209
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,180
$424.2K
Cap Rate 7%
$302,986
$303.0K
Cap Rate 9%
$235,656
$235.7K
Market Conditions
NOI Build-Up for 2,299 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$30.3K $13.18/SF
− OpEx
−$9.1K −$3.95/SF
NOI
$21.2K $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%
$424,180
Cap Rate 7%
$302,986
Cap Rate 9%
$235,656
Alternative Uses
Best Use
Multifamily LT 5
$303.0K
$265.1K – $353.5K
NOI $21,209 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$272.6K
$238.5K – $318.0K
NOI $19,082 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$527.4K
$461.5K – $615.3K
NOI $36,918 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
508
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 - Two-unit rental property with recent updates, shared laundry, included appliances, and off-street parking.
Where is this duplex located?
The property is located at 1755 2nd Ave E Twin Falls, ID.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,299 SF duplex with two income‑producing units; 8.9% cap rate; Improvements completed within the last 2 years
