Five-Unit Apartment
New
For Sale
$455,000
330 2nd Avenue, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size3,288 SF
Lot Size0.14 Acres
Price / SF$138.38
Days on Market3
Property Features for 330 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Zoning: Commercial, Specific Zoning: Not Verified
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4, Basement, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 3
Basement
Crawl Space, Partial
Appliances
Separate Water Heaters
Subdivision
Twin Falls Acres-Twn Fls
Elementary school
Lincoln Elementary
Middle school
South Hills
High school
Canyon Ridge High School
Directions
From the corner of Shoshone and 2nd Ave N. head North 2 blocks
Standard status
Active
APN
RPT0001069025AA
Size
3,288 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
3647
Tax Description
TWIN FALLS TOWNSITE FINAL & AMD LOTS 25 & 26 BLOCK 69 (16-10-17) 5 UNITS
Tax Annual Amount
2024
Legal Description
TWIN FALLS TOWNSITE FINAL & AMD LOTS 25 & 26 BLOCK 69 (16-10-17) 5 UNITS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1910
Number of units
5
Building materials
Frame, Metal Siding, Wood Siding
Listing Agency:
Idaho Falls Real Estate Investment
(208) 421-1191
Listed By:
Victor Sutherland
(970) 388-9955
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 6:06AM
MLS# 2188979
Copyright © 2026 Snake River Regional MLS. 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 five-unit apartment property contains 3,288 square feet on a 0.14-acre parcel. Built in 1910, the building features frame construction with metal and wood siding. Each unit is equipped with baseboard electric heat, and separate water heaters serve the property. Public water and public sewer are in place.
The property is located at 330 2nd Avenue in downtown Twin Falls, Idaho. Parking is configured by unit: Unit 5 has driveway access, while the other residents use alley or street parking. All five units are currently occupied, and individual unit showings are available after offer acceptance.
The property is located at 330 2nd Avenue in downtown Twin Falls, Idaho. Parking is configured by unit: Unit 5 has driveway access, while the other residents use alley or street parking. All five units are currently occupied, and individual unit showings are available after offer acceptance.
Key Highlights
- Five‑unit apartment property totaling 3,288 square feet
- 0.14‑acre parcel in downtown Twin Falls
- Built in 1910 with frame, metal siding, and wood siding
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
6.00%
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 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.
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with baseboard heating, separate water heaters, and a mix of alley, street, and driveway parking.
Where is this apartment building located?
The property is located at 330 2nd Avenue 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 totaling 3,288 square feet; 0.14‑acre parcel in downtown Twin Falls; Built in 1910 with frame, metal siding, and wood siding
