Newly Built Duplex with
For Sale
$675,000
195-197 2nd Street, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size3,880 SF
Lot Size0.19 Acres
Price / SF$173.97
Days on Market94
Property Features for 195-197 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: If Residence 1, Specific Zoning: Idaho Falls-R1 Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 6, Basement
Parking
4
Parking features
Garage
Basement
Finished, Full
Appliances
Separate Water Heaters, Dishwasher, Refrigerator, Oven
Subdivision
Crows Addition-Bon
Elementary school
Dora Erickson Elementary School
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From 1st street turn south on N Lee Ave. Turn right on 2nd St. Home is on the corner.
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
Legal Description
E 15' LOT 46, LOTS 47-48, BLOCK 4, CROWS
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Number of units
2
Building materials
Frame, Vinyl Siding
Buildings
1
Listing Agency:
Silvercreek Realty Group
Listed By:
Vic Martinez
(208) 523-6111
Added: Jul 28
Changed: Oct 24
Last Checked: Oct 29 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 2023, this 3,880-square-foot duplex contains two residences, each measuring 1,940 square feet. Both units offer three bedrooms, two full bathrooms, an open living and kitchen arrangement, and a primary bedroom on the main level. Kitchens include a center island, dishwasher, refrigerator, and oven, while separate water heaters support each side.
Each residence includes a basement with a family room, two additional bedrooms, a full bathroom, and laundry access near the bedrooms. Storage areas are also provided throughout. The property occupies a 0.19-acre corner lot and includes a two-car garage for each unit. Frame construction with vinyl siding, forced-air natural gas heat, central air, public water, and public sewer complete the property. Shopping and schools are located nearby.
Each residence includes a basement with a family room, two additional bedrooms, a full bathroom, and laundry access near the bedrooms. Storage areas are also provided throughout. The property occupies a 0.19-acre corner lot and includes a two-car garage for each unit. Frame construction with vinyl siding, forced-air natural gas heat, central air, public water, and public sewer complete the property. Shopping and schools are located nearby.
Key Highlights
- 2023‑built duplex totaling 3,880 square feet
- Each 1,940‑square‑foot unit has 3 bedrooms and 2 full bathrooms
- Two‑car garage provided for each unit
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with spacious layouts, full appliance packages, and private two-car garages for each residence.
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: 2023‑built duplex totaling 3,880 square feet; Each 1,940‑square‑foot unit has 3 bedrooms and 2 full bathrooms; Two‑car garage provided for each unit
