Five-Unit Apartment
For Sale
$445,000
330 2nd Avenue, Twin Falls, ID 83301
Residential Income, Twin Falls, ID
Property Size3,288 SF
Lot Size0.14 Acres
Price / SF$135.34
Days on Market33
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 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 3, Basement, Bathroom 2
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
Baseboard, Electric (Heating)
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 · License #2112
(970) 388-9955
Added: Sep 3
Changed: Sep 15
Last Checked: Oct 5 at 4:06PM
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 / Yr
$27,291
Cap Rate
6.13%
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 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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 $445,000.
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
