Two-Story 4-Plex
For Sale
$1,200,000
Pending
2400 Virlow, Idaho Falls, ID 83401
MULTI_FAMILY - Idaho Falls, ID
Property Size5,856 SF
Lot Size0.24 Acres
Days on Market8
Property Features for 2400 Virlow
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning description
General Zoning: Bonneville Residen, Specific Zoning: Idaho Falls-R1 Residential
Bedrooms
12
Bathrooms
10
Full bathrooms
8
Half bathrooms
4
Rooms
Bedroom 9, Bathroom 12, Bedroom 12, Bathroom 8, Bathroom 6, Bedroom 2, Bedroom 10, Bathroom 10, Bathroom 7, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 9, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 7, Bedroom 11, Bathroom 1, Bathroom 11, Bathroom 4, Bathroom 5
Parking
8
Appliances
Separate Water Heaters, Dishwasher, Microwave, Oven, Stove
Subdivision
Virlow Village
Lot features
Near Mall/ Shop, Near Schools, Near University/ College, Established Lawn, Many Trees, Sprinkler- Auto, Sprinkler System- Full, Level
Elementary school
Falls Valley 93EL
Middle school
Rocky Mountain 93JH
High school
Bonneville 93HS
Directions
Beginning at 1st St and 25th E, head North on 25th E, turn left onto Virlow St, property is on the left.
Standard status
Pending
APN
RPA2960001001O
Size
5,856 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 19, Block 1, Virlow Village
Tax Annual Amount
38
Legal Description
Lot 19, Block 1, Virlow Village
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
wood cabinetry
granite countertops
island
master suite
laundry area
attached double-car garage
designated parking
Building Details
Year built
2025
Number of units
4
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty East Idaho
(208) 529-8888
Listed By:
Anderson Hicks Group
(208) 529-8888
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# 2184916
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.
Investment Insights
Based on property information with market context.
New in 2025, this two-story 4-plex is designed for four independent units. Each unit features an open-concept main floor with wood cabinetry, granite countertops, an island, and a convenient half bath. Upstairs, every unit offers three bedrooms, including a private master suite, along with a dedicated laundry area. Parking and storage are addressed with an attached double-car garage for each unit.
The property is located in Idaho Falls, Idaho, at 2400 Virlow (Bonneville County). Public remarks note the building is just minutes from shopping, restaurants, and schools.
With all units arranged as complete, self-contained homes and attached garages included, the layout supports straightforward, tenant-ready operation for the first occupancy.
The property is located in Idaho Falls, Idaho, at 2400 Virlow (Bonneville County). Public remarks note the building is just minutes from shopping, restaurants, and schools.
With all units arranged as complete, self-contained homes and attached garages included, the layout supports straightforward, tenant-ready operation for the first occupancy.
Key Highlights
- Brand‑new 2025 construction: modern 2‑story 4‑plex with four units
- Each unit has an open‑concept main floor with wood cabinetry, granite countertops, an island, and a half bath
- Upstairs layout includes 3 bedrooms per unit, including a private master suite and a dedicated laundry area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $12.60 |
| − Vacancy | −$3.3k | −$0.57 |
| EGI | $70.5k | $12.03 |
| − OpEx | −$21.1k | −$3.61 |
| NOI | $49.3k | $8.42 |
5,856 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.7K
$616.6K – $822.1K
NOI $49,326 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$637.4K
$557.7K – $743.6K
NOI $44,617 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,567 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
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?
Quadplex - New 2025 two-story 4-plex with four units, each offering three bedrooms, a laundry area, and an attached double-car garage.
Where is this quadplex located?
The property is located at 2400 Virlow Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Brand‑new 2025 construction: modern 2‑story 4‑plex with four units; Each unit has an open‑concept main floor with wood cabinetry, granite countertops, an island, and a half bath; Upstairs layout includes 3 bedrooms per unit, including a private master suite and a dedicated laundry area
