Corner-Lot
For Sale
$675,000
195-197 2nd St, Idaho Falls, ID 83401
Each unit offers an open living and kitchen layout with a center island and included appliances.
Property Size3,880 SF
Price / SF$173.97
Days on Market82
Property Features for 195-197 2nd St
General Information
Standard status
Active
Size
3,880 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Silvercreek Realty Group
Listed By:
Vic Martinez · License #SP45505
(208) 523-6111
Source:
Noplacelikeidaho
Added: Jul 31
Changed: Oct 17
Last Checked: Oct 7 at 1:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this 3,880-square-foot duplex contains two 1,940-square-foot residences on a corner lot. Both units feature open living and kitchen areas, center islands, included appliances, substantial storage, and two-car garages. The main level includes a primary bedroom and access to the main bathroom, while basement areas provide a family room, additional bedrooms, a full bath, and laundry access.
The property is located near shopping and schools at 195-197 2nd St in Idaho Falls. Its two-unit configuration and separate garage capacity provide a practical layout for a residential income property.
The property is located near shopping and schools at 195-197 2nd St in Idaho Falls. Its two-unit configuration and separate garage capacity provide a practical layout for a residential income property.
Key Highlights
- Two‑unit duplex totaling 3,880 SF
- Each residence measures 1,940 SF
- Built in 2023 on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,682
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,640
$653.6K
Cap Rate 7%
$466,886
$466.9K
Cap Rate 9%
$363,133
$363.1K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$48.9K $12.60/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$46.7K $12.03/SF
− OpEx
−$14.0K −$3.61/SF
NOI
$32.7K $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%
$653,640
Cap Rate 7%
$466,886
Cap Rate 9%
$363,133
Alternative Uses
Best Use
Multifamily LT 5
$466.9K
$408.5K – $544.7K
NOI $32,682 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$422.3K
$369.5K – $492.7K
NOI $29,562 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$857.2K
$750.1K – $1.00M
NOI $60,007 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers an open living and kitchen layout with a center island and included appliances.
Where is this duplex located?
The property is located at 195-197 2nd St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,880 SF; Each residence measures 1,940 SF; Built in 2023 on a corner lot
