Five-Unit Apartment
For Sale
$455,000
330 2nd Ave North, Twin Falls, ID 83301
Multifamily property with baseboard heat throughout and a mix of vacant and occupied units.
Property Size3,288 SF
Price / SF$138.38
Days on Market141
Property Features for 330 2nd Ave North
General Information
Standard status
Active
Size
3,288 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1910
Listing Agency:
Idaho Falls Real Estate Investment Brokerage Corporation
Listed By:
Victor Sutherland · License #2112
(208) 421-1191
Source:
Platzplace
Added: May 29
Changed: Oct 11
Last Checked: Oct 9 at 10:00PM
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 Idaho Falls Real Estate Investment Brokerage Corporation
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Investment Insights
Based on property information with market context.
This 3,288-square-foot apartment property contains five units and was built in 1910. Each unit is equipped with baseboard heat. Units 1, 2, and 3 are vacant and available for showing, while Units 4 and 5 are occupied and may be viewed after offer acceptance.
The property sits on a 0.14-acre lot at 330 2nd Ave North in Downtown Twin Falls. Unit 5 has a dedicated driveway, while the remaining units use alley or street parking. The existing five-unit configuration provides a defined multifamily layout with both available and occupied units.
The property sits on a 0.14-acre lot at 330 2nd Ave North in Downtown Twin Falls. Unit 5 has a dedicated driveway, while the remaining units use alley or street parking. The existing five-unit configuration provides a defined multifamily layout with both available and occupied units.
Key Highlights
- Five‑unit apartment property with 3,288 SF of building area
- Built in 1910 on a 0.14‑acre lot
- Baseboard heat installed in all 5 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,291
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,820
$545.8K
Cap Rate 7%
$389,871
$389.9K
Cap Rate 9%
$303,233
$303.2K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$51.7K $15.72/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$49.6K $15.09/SF
− OpEx
−$22.3K −$6.79/SF
NOI
$27.3K $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%
$545,820
Cap Rate 7%
$389,871
Cap Rate 9%
$303,233
Alternative Uses
Best Use
Apartment 5plus
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with baseboard heat throughout and a mix of vacant and occupied units.
Where is this apartment building located?
The property is located at 330 2nd Ave North 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: Five‑unit apartment property with 3,288 SF of building area; Built in 1910 on a 0.14‑acre lot; Baseboard heat installed in all 5 units
