Renovated Duplex with Off-Street
New
For Sale
$484,900
201 W 1st Street, Emmett, ID 83617
Residential Income, Emmett, ID
Property Size1,828 SF
Lot Size0.11 Acres
Price / SF$265.26
Days on Market2
Property Features for 201 W 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Parking
2
Appliances
Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Emmettsville To
Lot features
Small Lot 5999 S F
Elementary school
Shadow Butte
Middle school
Emmett
High school
Emmett
Elementary school district
Emmett Independent District #221
Middle school district
Emmett Independent District #221
High school district
Emmett Independent District #221
Directions
From Washington and Main, W on Main, S on Commercial, SW corner of Commercial and 1st
Standard status
Active
APN
RPE3210004012A
Size
1,828 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 12, EXCEPT THE WEST 35 FEET THEREOF IN BLOCK 4 OF EMMETTSVILLE TOWNSITE, ACCORDING TO THE REVISED PLAT OF EMMETTSVILLE THE OFFICIAL PLAT THEREOF, FILED IN BOOK 1 OF PLATS AT PAGE 13, RECORDS OF GEM COUNTY, IDAHO.
Tax Annual Amount
2093
Legal Description
LOT 12, EXCEPT THE WEST 35 FEET THEREOF IN BLOCK 4 OF EMMETTSVILLE TOWNSITE, ACCORDING TO THE REVISED PLAT OF EMMETTSVILLE THE OFFICIAL PLAT THEREOF, FILED IN BOOK 1 OF PLATS AT PAGE 13, RECORDS OF GEM COUNTY, IDAHO.
Utilities
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1910
Number of units
2
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Tobie Rossi-medina · License #SP43820
(208) 608-8502
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 7:06PM
MLS# 98999548
Copyright © 2026 Intermountain Multiple Listing Service. 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.
This 1,828-square-foot duplex contains two leased residences at 201 W 1st Street. Both units were renovated in 2023 and include updated kitchens with stainless steel appliances, modern lighting, sizable living areas, and large windows. Refrigerators, washers, and dryers are provided in each residence. The building was constructed in 1910 with frame construction, wood siding, a metal roof, wall furnaces, and window or wall/window cooling units.
Off-street parking is available on the property, including additional space along the side. Tenants pay their own utilities, and lawn care is handled by the tenant in Unit 203. An unimproved outbuilding is also included and may accommodate storage or workshop use. The property occupies 0.11 acres in Emmett, Idaho, and both residences are currently leased.
Off-street parking is available on the property, including additional space along the side. Tenants pay their own utilities, and lawn care is handled by the tenant in Unit 203. An unimproved outbuilding is also included and may accommodate storage or workshop use. The property occupies 0.11 acres in Emmett, Idaho, and both residences are currently leased.
Key Highlights
- 1,828‑square‑foot duplex on a 0.11‑acre parcel
- Both units renovated in 2023
- Units 201 and 203 are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,940
$392.9K
Cap Rate 7%
$280,671
$280.7K
Cap Rate 9%
$218,300
$218.3K
Market Conditions
NOI Build-Up for 1,828 SF
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.
Gross rent
$29.6K $16.20/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$28.1K $15.35/SF
− OpEx
−$8.4K −$4.61/SF
NOI
$19.6K $10.75/SF
Area
Gem County, ID
Vacancy
5.22%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,940
Cap Rate 7%
$280,671
Cap Rate 9%
$218,300
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$257.3K
$225.2K – $300.2K
NOI $18,014 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,369 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 83617, ID
17,502
Population
6,981
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
89%
High-School Grad
224.0 sq mi
ZIP Area
78
Density / Sq Mi
$65,566
Median Household Income
$34,007
Median Earnings
$873
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences include in-unit laundry, kitchen appliances, and separate utility responsibility for occupants.
Where is this duplex located?
The property is located at 201 W 1st Street Emmett, ID.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: 1,828‑square‑foot duplex on a 0.11‑acre parcel; Both units renovated in 2023; Units 201 and 203 are currently leased
