187 Monroe Street, Twin Falls, ID 83301
Vacant 2-bedroom upper unit and leased 1-bedroom lower unit with private rear access and an alley-served detached garage.
- Added:
- Jun 5, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 11 at 2:09 am
Property Features for 187 Monroe Street
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Property subtype
- Income
Building Details
- Year Built
- 1947
Listing agent Jackie Rudolph (208) 369-7699
Listing office Silvercreek Realty Group (208) 369-7699
Listing date Jun 5, 2026
Source Homesofidaho
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 Silvercreek Realty Group
HighLights
- Twin Falls duplex with 2‑bedroom, 1‑bath upper unit (vacant) and leased 1‑bedroom, 1‑bath lower unit
- Active lease in place for the lower 1‑bedroom, 1‑bath unit—rent the other while you live in the upper
- Lower unit has a private rear entrance for separate household access
- Detached garage with alley access and total parking for 2
- Built in 1947; 1,904 total building area; vinyl flooring and heating in place
- City service water; lot size 123' x 50' (standard lot 6,000–9,999 SF)
Overview
The property is located at 187 Monroe Street in Twin Falls, ID 83301. The configuration includes private rear entry for the lower unit and alley-access to the detached garage, supporting straightforward access for residents while maintaining separation between the two households.
For buyers looking for a simple two-family setup, the combination of an available owner-ready upper unit and an occupied lower unit can help reduce the need to rely on outside budgeting. The duplex design supports a live-in/rent-out arrangement, with separate entrances and an alley-access garage that can be valuable for tenant convenience and day-to-day privacy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $13.80 |
| − Vacancy | −$1.2k | −$0.62 |
| EGI | $25.1k | $13.18 |
| − OpEx | −$7.5k | −$3.95 |
| NOI | $17.6k | $9.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Twin Falls
- County
- Twin Falls
- State
- Idaho
- Longitude
- -114.475412
- Latitude
- 42.56598
