Updated Duplex with Shared
New
For Sale
$325,000
1755 2nd Ave E, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size2,299 SF
Lot Size0.23 Acres
Price / SF$141.37
Days on Market2
Property Features for 1755 2nd Ave E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
TN-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking
6
Parking features
Driveway, RV
Interior features
Walk In Shower
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F, Garden, R. V. Parking
Elementary school
Bickel
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
Use GPS
Standard status
Active
APN
RPT4801001005A
Size
2,299 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Falls Severson Subd Exc E 16' Lot 5; Lot 6 Block 1 (15-10-17 Sw)
Tax Annual Amount
3034
Legal Description
Twin Falls Severson Subd Exc E 16' Lot 5; Lot 6 Block 1 (15-10-17 Sw)
Utilities
Heating system
Natural Gas, Forced Air, Baseboard, Fireplace(s)
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Amenities
shared laundry room
Building Details
Year built
1950
Number of units
2
Flooring type
Laminate
Building materials
Concrete, Frame, Stone, Wood Siding, HardiPlank Type
Roof type
Composition
Listing Agency:
Keller Williams Sun Valley Southern Idaho · Keller Williams Realty
(208) 734-1991
Listed By:
Aaron Miskin · License #SP49242
(208) 572-8500
Added: Sep 1
Last Checked: Sep 2 at 8:06AM
MLS# 98999283
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.
Investment Insights
Based on property information with market context.
This two-unit residential property in Twin Falls includes 2,299 square feet on a 0.23-acre lot. The duplex was built in 1950 and provides four bedrooms and two bathrooms, with a shared laundry room equipped with a washer and dryer. Each unit includes a refrigerator and stove/range, while interior features include laminate flooring and walk-in showers.
Improvements completed within the last 2 years include flooring throughout both units, interior and exterior painting, replacement HardiePlank siding where needed, bathroom updates, new plumbing in both bathrooms, window sealing, selected window replacements, and preventative roof repairs. The property also has a functional sprinkler system, natural gas heating, cooling systems, fireplaces, a composition roof, and off-street parking with RV parking capability.
Located at 1755 2nd Ave E in Twin Falls, Idaho, the property offers established rental income and an 8.9% cap rate.
Improvements completed within the last 2 years include flooring throughout both units, interior and exterior painting, replacement HardiePlank siding where needed, bathroom updates, new plumbing in both bathrooms, window sealing, selected window replacements, and preventative roof repairs. The property also has a functional sprinkler system, natural gas heating, cooling systems, fireplaces, a composition roof, and off-street parking with RV parking capability.
Located at 1755 2nd Ave E in Twin Falls, Idaho, the property offers established rental income and an 8.9% cap rate.
Key Highlights
- Two‑unit duplex with 2,299 SF of property size
- 0.23‑acre lot in Twin Falls, Idaho
- 8.9% cap rate with established rental income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,209
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
508
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units share laundry facilities, off-street parking, and included kitchen appliances.
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: Two‑unit duplex with 2,299 SF of property size; 0.23‑acre lot in Twin Falls, Idaho; 8.9% cap rate with established rental income
