Fourplex Income
351 Lois St. Twin Falls, ID 83301
351 Lois St., Twin Falls, ID, 83301
$515,000
For Sale
$515,000
Fourplex with four 2BR/1BA units, individual gas furnaces, and separately metered utilities on a 0.69-acre lot.
Property Size3,246 SF
Lot Size0.69 Acres
Price / SF$158.66
Days on Market111
Property Features for 351 Lois St.
General Information
- Standard status
- Active
- Size
- 3,246 SF
- Lot size
- 0.69 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agency
Gem State Realty Inc
(208) 308-4585
Listed by
Adam Hess · License #AB20972
Source
Clearwaterproperties
Added: Apr 3 Updated: Jul 21 at 9:07PM Checked: Jul 21 at 9:07PM
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 Gem State Realty Inc
Investment Insights
Based on property information with market context.
This fourplex provides income-producing rental housing with four units, each offering 2 bedrooms and 1 bathroom. Units are set up with individual gas furnaces and include an oven/range and refrigerator. Gas and power are separately metered, helping simplify utility management and owner expenses. The property also includes parking for residents and guests.
Located at 351 Lois St. in Twin Falls, the building is positioned bordering a city park, which adds an added amenity for tenant appeal.
The configuration supports a straightforward operations model: separate utilities by unit, similar unit layouts across all four homes, and in-unit kitchen appliances for each tenant.
Located at 351 Lois St. in Twin Falls, the building is positioned bordering a city park, which adds an added amenity for tenant appeal.
The configuration supports a straightforward operations model: separate utilities by unit, similar unit layouts across all four homes, and in-unit kitchen appliances for each tenant.
Key Highlights
- Income‑producing fourplex with four 2BR/1BA units
- 0.69‑acre lot with ample parking for residents and guests
- Each unit has its own gas furnace
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $13.80 |
| − Vacancy | −$2.0k | −$0.62 |
| EGI | $42.8k | $13.18 |
| − OpEx | −$12.8k | −$3.95 |
| NOI | $29.9k | $9.23 |
3,246 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$384.9K
$336.8K – $449.0K
NOI $26,942 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$744.6K
$651.6K – $868.8K
NOI $52,125 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fourplex with four 2BR/1BA units, individual gas furnaces, and separately metered utilities on a 0.69-acre lot.
Where is this quadplex located?
The property is located at 351 Lois St. Twin Falls, ID.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Income‑producing fourplex with four 2BR/1BA units; 0.69‑acre lot with ample parking for residents and guests; Each unit has its own gas furnace
