Multifamily Building with New
259 Pheasant Rd W #17 27 42 57 58 65 75 85 Twin Falls, ID 83301
259 Pheasant Rd W #17 27 42 57 58 65 75 85, Twin Falls, ID, 83301
$1,520,000
For Sale
$1,520,000
MULTI_FAMILY - Twin Falls, ID
Property Size7,300 SF
Lot Size0.39 Acres
Price / SF$208.22
Days on Market765
Property Features for 259 Pheasant Rd W #17 27 42 57 58 65 75 85
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 17
- Bathrooms
- 9
- Rooms
- Bedroom 5, Bathroom 6, Bedroom 13, Bedroom 16, Bedroom 2, Bathroom 9, Bedroom 1, Bedroom 14, Bathroom 1, Bathroom 5, Bedroom 15, Bathroom 2, Bedroom 10, Bedroom 8, Bathroom 4, Bedroom 11, Bathroom 8, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 17, Bathroom 7, Bedroom 12, Bedroom 9, Bedroom 7
- Parking
- 16
- Appliances
- Disposal (Some Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Standard status
- Active
- APN
- RPT56310000750A
- Size
- 7,300 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Washington Park Townhouse Subdivision lots 17,27,42,57,58,65,75,85
- Tax Annual Amount
- 11265
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1978
- Number of units
- 8
- Building materials
- Frame, Vinyl Siding
- Roof type
- Composition
Listing Agency
Gem State Realty Inc
(208) 734-0400
1411 Falls Ave E No. 1000a, Twin Falls, ID
Listed by
Walt Hess · License #DB00003473
(208) 410-2525
Added: Jun 14, 2024 Checked: Jul 18 at 6:06 am
MLS# 98914272
Listing URL
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.
Investment Insights
Based on property information with market context.
This bulk offering features eight individual apartment units, offered for sale together. The mix includes three 2-bedroom, 1-bath, 1-level units; four 2-bedroom, 1-bath, 2-level units; and one 3-bedroom, 1.5-bath, 2-level unit. New roofs have been installed across all units, complemented by maintenance-free siding and vinyl fences. Most of the units have been refurbished, while the overall pricing reflects that some units still need additional work, consistent with the provided lease and rent breakdown in the addendum.
The property is located in Twin Falls, Idaho, and the units are each tied to their own parcel number, which may support an “exit strategy” down the line as outlined in the remarks. The HOA fee is $76 per month per unit and covers trash and common area maintenance.
For tenants and investors, this configuration provides a straightforward path to manage a small, multi-unit rental portfolio with a defined unit mix and recent exterior roof improvements. Ownership may also be attractive to buyers planning long-term strategies around unit-level parcelization. Prospective parties should review the addendum for rent details and current lease status, as those specifics may impact operational planning for the incoming owner.
The property is located in Twin Falls, Idaho, and the units are each tied to their own parcel number, which may support an “exit strategy” down the line as outlined in the remarks. The HOA fee is $76 per month per unit and covers trash and common area maintenance.
For tenants and investors, this configuration provides a straightforward path to manage a small, multi-unit rental portfolio with a defined unit mix and recent exterior roof improvements. Ownership may also be attractive to buyers planning long-term strategies around unit-level parcelization. Prospective parties should review the addendum for rent details and current lease status, as those specifics may impact operational planning for the incoming owner.
Key Highlights
- Bulk sale of 8 individual units, offered each with its own parcel number
- Unit mix: (3) 2BR/1BA 1‑level units, (4) 2BR/1BA 2‑level units, and (1) 3BR/1.5BA 2‑level unit
- New roofs on all units; composition roof and frame construction with vinyl siding
Local Financial Insights For Apartment 5plus
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 | $114.8k | $15.72 |
| − Vacancy | −$4.6k | −$0.63 |
| EGI | $110.2k | $15.09 |
| − OpEx | −$49.6k | −$6.79 |
| NOI | $60.6k | $8.30 |
7,300 SF · lease $15.72/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$865.6K
$757.4K – $1.01M
NOI $60,591 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.47M – $1.95M
NOI $117,225 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Bulk sale includes eight units with new roofs and mostly refurbished interiors, plus HOA covering trash and common-area upkeep.
Where is this apartment building located?
The property is located at 259 Pheasant Rd W #17 27 42 57 58 65 75 85 Twin Falls, ID.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: Bulk sale of 8 individual units, offered each with its own parcel number; Unit mix: (3) 2BR/1BA 1‑level units, (4) 2BR/1BA 2‑level units, and (1) 3BR/1.5BA 2‑level unit; New roofs on all units; composition roof and frame construction with vinyl siding
