New Duplex on Corner
195-197 2nd Street Idaho Falls, ID 83401
New
For Sale
$675,000
MULTI_FAMILY - Idaho Falls, ID
Property Size3,880 SF
Lot Size0.19 Acres
Price / SF$173.97
Days on Market3
Property Features for 195-197 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Basement, Bedroom 4
Parking
4
Parking features
Garage
Basement
Full, Finished
Appliances
Separate Water Heaters, Dishwasher, Refrigerator, Oven
Standard status
Active
APN
RPA0540004046B
Size
3,880 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 15' LOT 46, LOTS 47-48, BLOCK 4, CROWS
Tax Annual Amount
2614
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Number of units
2
Building materials
Frame, Vinyl Siding
Listing Agency:
Silvercreek Realty Group
(208) 523-6111
Listed By:
Vic Martinez · License #SP45505
(208) 523-6111
Added: Jul 28
Last Checked: Jul 30 at 10:06AM
MLS# 2188140
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.
Investment Insights
Based on property information with market context.
Newly built duplex on a corner lot designed for comfortable, functional living. Each side offers a 3-bedroom, 2-full-bath layout with a main-level primary bedroom and an open living room and kitchen area. The kitchen includes all appliances and features a large center island, with additional storage throughout the home. Below, each unit has a large family room, two more bedrooms, and a full bath, with laundry conveniently located just off the lower bedrooms.
The property is located at 195-197 2nd Street in Idaho Falls, near shopping and schools. Each unit also includes a two-car garage, supporting convenient day-to-day use.
The duplex configuration provides two separate living spaces, each with the same core layout and on-site parking in attached two-car garages.
The property is located at 195-197 2nd Street in Idaho Falls, near shopping and schools. Each unit also includes a two-car garage, supporting convenient day-to-day use.
The duplex configuration provides two separate living spaces, each with the same core layout and on-site parking in attached two-car garages.
Key Highlights
- Newly built 2023 duplex on a corner lot
- Each unit offers 3 bedrooms and 2 full baths with 2‑car garage parking
- Approx. 1,940 SF per side, with an open living room and kitchen layout
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 | $48.9k | $12.60 |
| − Vacancy | −$2.2k | −$0.57 |
| EGI | $46.7k | $12.03 |
| − OpEx | −$14.0k | −$3.61 |
| NOI | $32.7k | $8.42 |
3,880 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex on a corner lot with two-car garages per unit and three-bedroom, two-bath layouts.
Where is this duplex located?
The property is located at 195-197 2nd Street 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: Newly built 2023 duplex on a corner lot; Each unit offers 3 bedrooms and 2 full baths with 2‑car garage parking; Approx. 1,940 SF per side, with an open living room and kitchen layout
