Corner-Lot Triplex With
357 6th Ave. N Twin Falls, ID 83301
357 6th Ave. N, Twin Falls, ID, 83301
$370,000
For Sale
$370,000
Triplex on a corner lot offering two 1-bedroom units plus an upper 2-bedroom unit with garage and washer/dryer hookups.
Property Size2,333 SF
Price / SF$158.59
Days on Market58
Property Features for 357 6th Ave. N
General Information
- Standard status
- Active
- Size
- 2,333 SF
- Property subtype
- Income
Building Details
- Year Built
- 1945
Listing agency
208 Real Estate, LLC - Twin Falls
(208) 899-9722
Listed by
Dustin Howard
(208) 899-9722
Source
Homesofidaho
Added: May 26 Updated: Jul 21 at 3:17PM Checked: Jul 21 at 3:17PM
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 208 Real Estate, LLC - Twin Falls
Investment Insights
Based on property information with market context.
This triplex offers three separate residential units on a corner lot. The upper unit is a 2-bedroom, 1-bath layout with a garage and a mud room with washer/dryer hookups, and includes a note of room to add a bedroom. The remaining two units are 1-bedroom, 1-bath apartments.
The property is located at 357 6th Ave. N. in Twin Falls, Idaho. Lease details include the upper unit leased through May of 2027, one 1-bedroom unit on a month-to-month lease, and the other 1-bedroom unit with a lease ending April of 2027. No viewings are available until under contract, and a video walkthrough is provided.
The property is located at 357 6th Ave. N. in Twin Falls, Idaho. Lease details include the upper unit leased through May of 2027, one 1-bedroom unit on a month-to-month lease, and the other 1-bedroom unit with a lease ending April of 2027. No viewings are available until under contract, and a video walkthrough is provided.
Key Highlights
- Triplex on a corner lot with 3 units: two 1‑bedroom/1‑bath units plus an upper 2‑bedroom/1‑bath unit
- Upper unit at 536 Eden: 2 bed/1 bath with 1,343 SF and washer/dryer hookups; includes a garage for parking and entry via mud room
- Lease details: upper unit lease through May 2027; 538 Eden 1 bed/1 bath lease ends April 2027; 536 Eden 1 bed/1 bath is month‑to‑month
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 | $32.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.62 |
| EGI | $30.7k | $13.18 |
| − OpEx | −$9.2k | −$3.95 |
| NOI | $21.5k | $9.23 |
2,333 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$535.2K
$468.3K – $624.4K
NOI $37,464 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Twin Falls Canal ...
Water Utility Company
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex on a corner lot offering two 1-bedroom units plus an upper 2-bedroom unit with garage and washer/dryer hookups.
Where is this triplex located?
The property is located at 357 6th Ave. N Twin Falls, ID.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Triplex on a corner lot with 3 units: two 1‑bedroom/1‑bath units plus an upper 2‑bedroom/1‑bath unit; Upper unit at 536 Eden: 2 bed/1 bath with 1,343 SF and washer/dryer hookups; includes a garage for parking and entry via mud room; Lease details: upper unit lease through May 2027; 538 Eden 1 bed/1 bath lease ends April 2027; 536 Eden 1 bed/1 bath is month‑to‑month
