Updated Two-Unit
New
For Sale
$484,900
201 W 1st Street, Emmett, ID 83617
Two renovated residences with appliances, off-street parking, and an accessory outbuilding in Emmett.
Property Size1,828 SF
Price / SF$265.26
Days on Market5
Property Features for 201 W 1st Street
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Duplex
Additional Details
Gross Income
$39,000
Utilities to Site
Yes
Multifamily Units
2
Amenities
stainless steel appliances
refrigerator
washer
dryer
Lot Features: Small Lot 5999 SF, Lot Size Acres: 0.11, Lot Size Area: 0.11, Lot Size Dimensions: 95x50, Lot Size Square Feet: 4791.6, Lot Size Units: Acres
Tax Annual Amount: 2093, Tax 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., Tax Year: 2025
Gross Scheduled Income: 3250
Cooling: Wall/Window Unit(s), Cooling YN: t
Heating: Wall Furnace, Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98999548, Listing Service: Full Service, Listing Terms: Cash, Conventional, FHA, VA Loan, List Price: 484900, Mls Status: New, Number Of Units Total: 2, Standard Status: Active, Total Actual Rent: 3250
Parking Total: 2
Elementary School: Shadow Butte, Elementary School District: Emmett Independent District #221, High School: Emmett, High School District: Emmett Independent District #221, Middle Or Junior School: Emmett, Middle Or Junior School District: Emmett Independent District #221
Bedrooms Total: 4
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 1828, Building Area Units: Square Feet, Construction Materials: Frame, Wood Siding, Living Area: 1828, Living Area Units: Square Feet, Year Built: 1910
City: Emmett, Coordinates: -116.50166911, 43.87450014, Country: US, County Or Parish: Gem, Directions: From Washington and Main, W on Main, S on Commercial, SW corner of Commercial and 1st, Latitude: 43.87450014, Longitude: -116.50166911, Postal Code: 83617, State Or Province: ID, Street Name: W 1st Street, Street Number: 201, Street Number Numeric: 201, Subdivision Name: Emmettsville To, Unparsed Address: 201 W 1st Street, Emmett ID 83617
Current Use: 2-4 Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: RPE3210004012A, Property Sub Type: Duplex, Property Type: Residential Income
Bathrooms Total Integer: 2
Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Utilities: Sewer Connected
Irrigation Source: Irrigation District: No, Water Source: City Service
Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Building Details
Year Built
1910
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Tobie Rossi-medina · License #SP43820
(208) 608-8502
Source:
Thgboise
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 6 at 6:56AM
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
Investment Insights
Based on property information with market context.
This 1,828-square-foot duplex contains two leased residences, each renovated in 2023 with refreshed kitchens, stainless steel appliances, contemporary lighting, generous living areas, and large windows. Both units include a refrigerator, washer, and dryer, while tenants pay their own utilities. The property also includes an unimproved outbuilding that can serve as storage or a workshop, subject to any required approvals.
Located at 201 W 1st Street in Emmett, Idaho, the property provides off-street parking with additional space along the side. The two-unit configuration supports continued rental use and may also suit an owner-occupant seeking an on-site residence alongside a second unit. Built in 1910, the property combines an established building footprint with recently updated interiors.
Located at 201 W 1st Street in Emmett, Idaho, the property provides off-street parking with additional space along the side. The two-unit configuration supports continued rental use and may also suit an owner-occupant seeking an on-site residence alongside a second unit. Built in 1910, the property combines an established building footprint with recently updated interiors.
Key Highlights
- Two‑unit duplex with 1,828 square feet
- Both units renovated in 2023
- Each residence includes a refrigerator, washer, and dryer
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
564
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 renovated residences with appliances, off-street parking, and an accessory outbuilding in Emmett.
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: Two‑unit duplex with 1,828 square feet; Both units renovated in 2023; Each residence includes a refrigerator, washer, and dryer
