Five-Unit Apartment
For Sale
$490,000
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$149.03
Days on Market222
Property Features for 330 2nd Ave North
General Information
Standard status
Active
Size
3,288 SF
Total Parking Spaces
5
Property subtype
Income
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,647
Amenities
Yes
5
6
No
Square Feet
Small Lot 5999 SF
0.14
125x50
3288
Building Details
Building Size
3,288 SF
Year Built
1910
Listing Agency:
Flying Realty
(208) 391-8606
Listed By:
Jared and Clarissa Laughlin
(208) 391-8606
Source:
Homesofidaho
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 5:33PM
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 Flying Realty
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 = 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
$27,291
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
5.57%
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%
$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
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
$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 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%
$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 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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
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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 $490,000.
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
