Triplex with Separate
New
For Sale
$449,000
2163 Elizabeth Boulevard, Twin Falls, ID 83301
Three gas and electric meters serve the units, alongside one shared water meter.
Property Size2,911 SF
Price / SF$154.24
Days on Market3
Property Features for 2163 Elizabeth Boulevard
General Information
Standard status
Active
Size
2,911 SF
Property subtype
Triplex
Additional Details
Utilities to Site
Yes
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$3,199
Amenities
Garage: RV Access/Parking
7
4.00
RV Access/Parking
Building Details
Year Built
1954
Listing Agency:
Silvercreek Realty Group
Listed By:
Anthony Fitzgerald
Source:
Clearwaterproperties
Added: Oct 28
Last Checked: Oct 28 at 6:42AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,911-square-foot triplex was built in 1954. The property has three individual gas meters and three individual electric meters, while water service is connected to a shared meter. A second lot is included with the property.
The additional parcel may offer room for tenant parking, a garage or shop, or potential future expansion. Local schools and town amenities are nearby.
The additional parcel may offer room for tenant parking, a garage or shop, or potential future expansion. Local schools and town amenities are nearby.
Key Highlights
- 2,911‑square‑foot triplex built in 1954
- Three individual gas meters and three individual electric meters; one shared water meter
- Additional lot offers options for parking, a garage or shop, or future expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,855
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
$537.1K
Cap Rate 7%
$383,643
$383.6K
Cap Rate 9%
$298,389
$298.4K
Market Conditions
NOI Build-Up for 2,911 SF
Gross rent
$40.2K $13.80/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$38.4K $13.18/SF
− OpEx
−$11.5K −$3.95/SF
NOI
$26.9K $9.23/SF
Area
Twin Falls County, ID
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
Cap Rate 7%
$383,643
Cap Rate 9%
$298,389
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$345.2K
$302.0K – $402.7K
NOI $24,162 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$667.8K
$584.3K – $779.1K
NOI $46,746 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three gas and electric meters serve the units, alongside one shared water meter.
Where is this triplex located?
The property is located at 2163 Elizabeth Boulevard Twin Falls, ID.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,911‑square‑foot triplex built in 1954; Three individual gas meters and three individual electric meters; one shared water meter; Additional lot offers options for parking, a garage or shop, or future expansion
