8-Unit Multifamily Property with New
For Sale
$1,520,000
259 Pheasant Rd W #17 27 42 57 58 65 75 85, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size7,300 SF
Lot Size0.39 Acres
Price / SF$208.22
Days on Market855
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
Full bathrooms
9
Rooms
Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 15, Bedroom 5, Bathroom 9, Bedroom 4, Bedroom 8, Bedroom 10, Bedroom 9, Bedroom 11, Bedroom 2, Bedroom 13, Bathroom 6, Bathroom 3, Bedroom 12, Bedroom 16, Bathroom 2, Bedroom 6, Bedroom 14, Bedroom 17, Bathroom 7, Bedroom 7, Bathroom 8, Bedroom 1
Parking
16
Appliances
Disposal (Some Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
Washington Park Townhouses
Lot features
10000 S F - .49, Sidewalks
Elementary school
Oregon Trail
Middle school
South Hills
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
Washington St. S/West on Pheasant Rd. to the Pheasant View Townhomes
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
HOA Fee
$608 Monthly
Legal Description
Washington Park Townhouse Subdivision lots 17,27,42,57,58,65,75,85
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall/Window Unit(s), 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
Listed By:
Walt Hess · License #DB00003473
(208) 410-2525
Added: Jun 14, 2024
Changed: Oct 15
Last Checked: Oct 16 at 11:06PM
MLS# 98914272
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Twin Falls multifamily offering includes 8 individual units totaling 7,300 square feet. The configuration includes three 2-bedroom, 1-bath single-level units; four 2-bedroom, 1-bath two-level units; and one 3-bedroom, 1.5-bath two-level unit. Each unit has its own parcel number. The buildings were constructed in 1978 with frame construction, vinyl siding, composition roofs, and new roofs across all units. Most interiors have been refurbished, while some units require additional refurbishment.
Unit features include electric baseboard heating, wall or window cooling units, stoves or ranges, and refrigerators. Washers and dryers are not included. The property occupies 0.39 acres in Twin Falls, Idaho, with vinyl fencing and maintenance-free siding. Common-area maintenance and trash service are provided through the homeowners association.
Unit features include electric baseboard heating, wall or window cooling units, stoves or ranges, and refrigerators. Washers and dryers are not included. The property occupies 0.39 acres in Twin Falls, Idaho, with vinyl fencing and maintenance-free siding. Common-area maintenance and trash service are provided through the homeowners association.
Key Highlights
- 8 individual multifamily units offered together
- Unit mix includes three 2‑bedroom, 1‑bath single‑level units
- Four 2‑bedroom, 1‑bath two‑level units plus one 3‑bedroom, 1.5‑bath two‑level unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,591
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,820
$1.2M
Cap Rate 7%
$865,586
$865.6K
Cap Rate 9%
$673,233
$673.2K
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$114.8K $15.72/SF
− Vacancy
−$4.6K −$0.63/SF
EGI
$110.2K $15.09/SF
− OpEx
−$49.6K −$6.79/SF
NOI
$60.6K $8.30/SF
Area
Twin Falls County, ID
Vacancy
4.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,820
Cap Rate 7%
$865,586
Cap Rate 9%
$673,233
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Bulk multifamily offering with varied unit layouts, updated exteriors, and a mix of refurbished and unfinished interiors.
Where is this multifamily property 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: 8 individual multifamily units offered together; Unit mix includes three 2‑bedroom, 1‑bath single‑level units; Four 2‑bedroom, 1‑bath two‑level units plus one 3‑bedroom, 1.5‑bath two‑level unit
