Duplex with
New
For Sale
$450,000
2260 Richards Avenue, Idaho Falls, ID 83404
Residential Income, Idaho Falls, ID
Property Size2,484 SF
Lot Size0.31 Acres
Price / SF$181.16
Days on Market4
Property Features for 2260 Richards Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: If Residence 1, Specific Zoning: Idaho Falls-R1-Single Dwel Res
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
2
Basement
Daylight, Finished
Subdivision
Woodruff Park-Bon
Elementary school
Theresa Bunker 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From E 25th St - Head N on Richards to property address
Standard status
Active
APN
RPA2660002004O
Size
2,484 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4, BLOCK 2, WOODRUFF PARK
Tax Annual Amount
2294
Legal Description
LOT 4, BLOCK 2, WOODRUFF PARK
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Radiant
Water source
Public
Amenities
fireplace
Building Details
Year built
1967
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Metal
Listing Agency:
Real Broker LLC
Listed By:
Dan Thomas
(509) 990-2525
Added: Oct 24
Last Checked: Oct 27 at 9:06AM
MLS# 2190007
Copyright © 2026 Snake River Regional MLS. 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.
Built in 1967, this 2,484-square-foot duplex has five bedrooms and two bathrooms. Main-floor updates refresh the interior, while a fireplace anchors the living room. A two-car garage provides covered parking and additional storage.
The property occupies a 0.3069-acre lot in Idaho Falls. Brick and vinyl siding, a metal roof, electric radiant heat, public water, and public sewer are among its building and service features.
The property occupies a 0.3069-acre lot in Idaho Falls. Brick and vinyl siding, a metal roof, electric radiant heat, public water, and public sewer are among its building and service features.
Key Highlights
- 2,484‑square‑foot duplex on a 0.3069‑acre lot
- 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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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 - The residence offers five bedrooms, two bathrooms, updated main-floor finishes, and a statement fireplace.
Where is this duplex located?
The property is located at 2260 Richards Avenue 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‑foot duplex on a 0.3069‑acre lot; Five bedrooms and two bathrooms; Two‑car garage
