Duplex with Attached
For Sale
$450,000
2260 RICHARDS AVE, Idaho Falls, ID 83404
Five bedrooms and two bathrooms provide flexible interior space, complemented by main-floor updates and a two-car garage.
Property Size2 SF
Price / SF$181.16
Days on Market77
Property Features for 2260 RICHARDS AVE
General Information
Standard status
Active
Size
2 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
fireplace
Building Details
Building Size
2 SF
Year Built
1967
Buildings
1
Listing Agency:
Real Broker LLC (Idaho)
Listed By:
Dan Thomas · License #SP43305
(208) 360-1293
Source:
Liftrealty
Added: Aug 21
Changed: Nov 4
Last Checked: Nov 4 at 10:27AM
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 Real Broker LLC (Idaho)
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Investment Insights
Based on property information with market context.
This duplex in Idaho Falls contains 2,484 square feet and was built in 1967. The described interior includes five bedrooms and two bathrooms, a living room with a fireplace, and updates to the main floor. A two-car garage adds parking and storage space.
Located at 2260 Richards Ave, the property is in Idaho Falls, Idaho.
Located at 2260 Richards Ave, the property is in Idaho Falls, Idaho.
Key Highlights
- 2,484 square feet; built in 1967
- Five bedrooms and two bathrooms
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,923
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,460
$418.5K
Cap Rate 7%
$298,900
$298.9K
Cap Rate 9%
$232,478
$232.5K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$31.3K $12.60/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$29.9K $12.03/SF
− OpEx
−$9.0K −$3.61/SF
NOI
$20.9K $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%
$418,460
Cap Rate 7%
$298,900
Cap Rate 9%
$232,478
Alternative Uses
Best Use
Multifamily LT 5
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.4K
NOI $18,926 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$548.8K
$480.2K – $640.3K
NOI $38,417 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
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Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
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 - Five bedrooms and two bathrooms provide flexible interior space, complemented by main-floor updates and a two-car garage.
Where is this duplex located?
The property is located at 2260 RICHARDS AVE Idaho Falls, ID.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,484 square feet; built in 1967; Five bedrooms and two bathrooms; Two‑car garage
