Duplex with Second
For Sale
$268,000
1849 S Higbee Ave, Idaho Falls, ID 83404
A finished lower level with its own exterior entrance offers flexibility alongside the home's two kitchens.
Property Size1,152 SF
Price / SF$232.64
Days on Market33
Property Features for 1849 S Higbee Ave
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1949
Buildings
1
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
Ali Van Orden · License #SP50327
(208) 313-2644
Source:
Idahohomerealty
Added: Sep 17
Changed: Oct 10
Last Checked: Oct 19 at 7:18AM
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 Realty East Idaho
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Investment Insights
Based on property information with market context.
Built in 1949, this 1,152-square-foot duplex includes hardwood flooring in portions of the home. The finished basement has a second kitchen and a separate exterior entrance, providing an additional access point and flexible space.
The property is in Idaho Falls, near shopping, dining, schools, parks, and everyday amenities.
The property is in Idaho Falls, near shopping, dining, schools, parks, and everyday amenities.
Key Highlights
- Duplex with a second kitchen in the finished basement
- Separate exterior entrance to the basement
- 1,152 square feet; built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,703
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,060
$194.1K
Cap Rate 7%
$138,614
$138.6K
Cap Rate 9%
$107,811
$107.8K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$14.5K $12.60/SF
− Vacancy
−$653 −$0.57/SF
EGI
$13.9K $12.03/SF
− OpEx
−$4.2K −$3.61/SF
NOI
$9.7K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,060
Cap Rate 7%
$138,614
Cap Rate 9%
$107,811
Alternative Uses
Best Use
Multifamily LT 5
$138.6K
$121.3K – $161.7K
NOI $9,703 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$125.4K
$109.7K – $146.3K
NOI $8,777 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$254.5K
$222.7K – $296.9K
NOI $17,816 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level with its own exterior entrance offers flexibility alongside the home's two kitchens.
Where is this duplex located?
The property is located at 1849 S Higbee Ave Idaho Falls, ID.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Duplex with a second kitchen in the finished basement; Separate exterior entrance to the basement; 1,152 square feet; built in 1949
