Five-Unit Apartment
New
For Sale
$455,000
330 2nd Ave. N, Twin Falls, ID 83301
MULTI-FAMILY, All Units-One Building, Twin Falls, ID
Property Size2,460 SF
Lot Size0.14 Acres
Price / SF$184.96
Days on Market3
Property Features for 330 2nd Ave. N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Elementary school
Lincoln
Middle school
O'Leary
High school
Twin Falls
Subdivision
Twin Falls
Standard status
Active
Size
2,460 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3647
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1910
Number of units
5
Building materials
Concrete Block
Architectural style
Other
Listing Agency:
Idaho Falls Real Estate Investment Brokerage
(208) 421-1191
Listed By:
Victor Sutherland
(970) 388-9955
Added: Sep 3
Last Checked: Sep 5 at 5:06AM
MLS# 583548
Copyright © 2026 Greater Pocatello Association of REALTORS®. 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 5-unit apartment building at 330 2nd Ave. N in Twin Falls contains 2,460 square feet on a 0.14-acre lot. Built in 1910, the property has concrete-block construction, baseboard heating throughout, and public water service. Residential zoning supports its apartment use.
All five units are currently filled. Unit 5 has driveway parking, while the other tenants use alley or street parking. The property is located in Downtown Twin Falls, and interior unit access is available after offer acceptance.
All five units are currently filled. Unit 5 has driveway parking, while the other tenants use alley or street parking. The property is located in Downtown Twin Falls, and interior unit access is available after offer acceptance.
Key Highlights
- 5‑unit apartment building with 2,460 square feet
- 0.14‑acre lot in Downtown Twin Falls
- All 5 units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,360
$408.4K
Cap Rate 7%
$291,686
$291.7K
Cap Rate 9%
$226,867
$226.9K
Market Conditions
NOI Build-Up for 2,460 SF
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.
Gross rent
$38.7K $15.72/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$37.1K $15.09/SF
− OpEx
−$16.7K −$6.79/SF
NOI
$20.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,360
Cap Rate 7%
$291,686
Cap Rate 9%
$226,867
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,418 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$564.3K
$493.8K – $658.4K
NOI $39,503 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,537
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied apartment property with concrete-block construction, baseboard heating, and public water service.
Where is this apartment building located?
The property is located at 330 2nd Ave. N Twin Falls, ID.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 5‑unit apartment building with 2,460 square feet; 0.14‑acre lot in Downtown Twin Falls; All 5 units are currently occupied
