Two-Story Side-by-Side
For Sale
$250,000
269-271 S Water Ave, Idaho Falls, ID 83402
Two connected rental units near downtown Idaho Falls, each with separate laundry hookups and a two-level residential layout.
Property Size1,536 SF
Price / SF$162.76
Days on Market48
Property Features for 269-271 S Water Ave
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry hookups
storage shed
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Amanda Mcfarland · License #SP50265
(208) 351-1517
Source:
Griderpeterson
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 5 at 11:57PM
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 Coldwell Banker Tomlinson
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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 side-by-side duplex contains 1,536 square feet and was built in 1920. The property includes two units, each arranged across two stories with a living room and eat-in kitchen on the main floor, plus two bedrooms and one full bathroom upstairs. Each side also includes its own laundry hookups, while the property adds a metal roof, metal siding, storage shed, and on-street parking.
One unit has new carpet and fresh interior paint. The other is occupied by a long-term tenant, providing an established rental arrangement. Located near downtown Idaho Falls, the duplex offers access to shopping, dining, and everyday amenities. The two-unit configuration also supports separate occupancy of each side.
One unit has new carpet and fresh interior paint. The other is occupied by a long-term tenant, providing an established rental arrangement. Located near downtown Idaho Falls, the duplex offers access to shopping, dining, and everyday amenities. The two-unit configuration also supports separate occupancy of each side.
Key Highlights
- Two‑unit duplex with 1,536 square feet, built in 1920
- Each unit includes 2 bedrooms and 1 bathroom across a two‑story layout
- Separate laundry hookups serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,938
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,760
$258.8K
Cap Rate 7%
$184,829
$184.8K
Cap Rate 9%
$143,756
$143.8K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$19.4K $12.60/SF
− Vacancy
−$871 −$0.57/SF
EGI
$18.5K $12.03/SF
− OpEx
−$5.5K −$3.61/SF
NOI
$12.9K $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%
$258,760
Cap Rate 7%
$184,829
Cap Rate 9%
$143,756
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$167.2K
$146.3K – $195.1K
NOI $11,703 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$339.4K
$296.9K – $395.9K
NOI $23,755 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected rental units near downtown Idaho Falls, each with separate laundry hookups and a two-level residential layout.
Where is this duplex located?
The property is located at 269-271 S Water Ave Idaho Falls, ID.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet, built in 1920; Each unit includes 2 bedrooms and 1 bathroom across a two‑story layout; Separate laundry hookups serve both units
