Duplex with Finished
For Sale
$263,000
1849 S Higbee Avenue, Idaho Falls, ID 83404
Residential Income, Idaho Falls, ID
Property Size1,152 SF
Lot Size0.15 Acres
Price / SF$228.30
Days on Market50
Property Features for 1849 S Higbee Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Not Verified, Specific Zoning: Idaho Falls-Tn-Traditional Nbh
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 2
Basement
Finished, Exterior Entry, Full
Appliances
Common Water Heaters, Refrigerator, Oven, Stove
Subdivision
Brodbecks-Bon
Lot features
Established Lawn, Many Trees
Elementary school
Hawthorne 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From E 17th St - Head S on Higbee to property address
Standard status
Active
APN
RPA0320008019A
Size
1,152 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 65' LOTS 19-22, BLOCK 8, BRODBECKS
Tax Annual Amount
1927
Legal Description
S 65' LOTS 19-22, BLOCK 8, BRODBECKS
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1949
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
Ali Van Orden · License #SP50327
(208) 529-8888
Added: Sep 17
Changed: Nov 3
Last Checked: Nov 5 at 12:06PM
MLS# 2189290
Copyright © 2026 Snake River Regional MLS. 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 duplex offers 1,152 square feet on a 0.1492-acre lot, with a finished basement, second kitchen, and separate exterior entrance. Hardwood flooring appears through portions of the home, while frame construction, metal siding, and a metal roof define the exterior. The property was built in 1949 and includes natural gas forced-air heating, public water, and public sewer.
Located in Idaho Falls, the property is near shopping, dining, schools, parks, and everyday amenities. Included appliances are a refrigerator, oven, and stove, with common water heaters serving the property. The basement configuration adds usable space for household, guest, or rental applications supported by the existing layout.
Located in Idaho Falls, the property is near shopping, dining, schools, parks, and everyday amenities. Included appliances are a refrigerator, oven, and stove, with common water heaters serving the property. The basement configuration adds usable space for household, guest, or rental applications supported by the existing layout.
Key Highlights
- Duplex with 1,152 square feet of property size
- Finished basement with second kitchen
- Separate exterior entrance from the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,703
Cap Rate
3.69%
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 3.69%
Second Best
Apartment 5plus
$125.4K
$109.7K – $146.3K
NOI $8,777 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$254.5K
$222.7K – $296.9K
NOI $17,816 @ 7.0% cap · market cap 6.77%
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
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Finished basement includes a second kitchen and separate exterior entrance for flexible occupancy arrangements.
Where is this duplex located?
The property is located at 1849 S Higbee Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $263,000.
What are key features of this property?
This property features: Duplex with 1,152 square feet of property size; Finished basement with second kitchen; Separate exterior entrance from the basement
