Triplex with Separate
New
For Sale
$449,000
2163 Elizabeth Boulevard, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size2,911 SF
Lot Size0.52 Acres
Price / SF$154.24
Days on Market2
Property Features for 2163 Elizabeth Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 5
Parking
9
Parking features
RV
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Subdivision
Erickson Sub
Lot features
1/2 - .99 Acre, R. V. Parking, Sidewalks
Elementary school
Morningside
Middle school
OLeary
High school
Twin Falls
Elementary school district
Twin Falls School District #411
Middle school district
Twin Falls School District #411
High school district
Twin Falls School District #411
Directions
Eastland Drive and Elizabeth Elizabeth Boulevard, Turn West. Triplex is on the North Side of Elizabeth.
Standard status
Active
APN
RPT1721000002B / RPT1721000002A
Size
2,911 SF
Lot size
0.52 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Falls Ericson Subd, S1/2 Lot 2, (15-10-17 Ne) AND Twin Falls Ericson Subd, N1/2 Lot 2, (15-10-17 Ne) , Twin Falls County, Idaho
Tax Annual Amount
3200
Legal Description
Twin Falls Ericson Subd, S1/2 Lot 2, (15-10-17 Ne) AND Twin Falls Ericson Subd, N1/2 Lot 2, (15-10-17 Ne) , Twin Falls County, Idaho
Utilities
Heating system
Natural Gas, Forced Air, Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1954
Number of units
3
Building materials
Frame, HardiPlank Type
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Anthony Fitzgerald · License #AB20658
(208) 731-9800
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:06PM
MLS# 99004703
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.
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Investment Insights
Based on property information with market context.
This 2,911-square-foot triplex at 2163 Elizabeth Boulevard sits on a 0.52-acre parcel in Twin Falls. Built in 1954, the property has frame and HardiPlank-type construction, a composition roof, natural-gas heating, and window or wall/window air conditioning. Disposal, stove/range, and refrigerator appliances are provided in all units; washer/dryer appliances are present in some units. RV parking is listed.
Each unit has its own gas and electric meter, while the property uses a single shared water meter. The room information lists seven bedrooms and four bathrooms.
Each unit has its own gas and electric meter, while the property uses a single shared water meter. The room information lists seven bedrooms and four bathrooms.
Key Highlights
- 2,911‑square‑foot triplex on a 0.52‑acre parcel
- Three individual gas meters and three individual electric meters; one shared water meter
- Disposal, stove/range, and refrigerator in all units; washer/dryer in some units
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.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
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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
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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, with water supplied through one shared 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 on a 0.52‑acre parcel; Three individual gas meters and three individual electric meters; one shared water meter; Disposal, stove/range, and refrigerator in all units; washer/dryer in some units
