Triplex With
For Sale
$350,000
Pending
357 6th Ave N, Twin Falls, ID 83301
Three-unit residential property with varied floor plans, on-site garage access, and a mix of fixed-term and month-to-month leases.
Property Size2,333 SF
Days on Market93
Property Features for 357 6th Ave N
General Information
Standard status
Pending
Size
2,333 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,243
Listing Agency:
Idaho Falls Real Estate Investment Brokerage Corporation
(208) 421-1191
Listed By:
Victor Sutherland
(208) 421-1191
Source:
Exprealty
Added: May 26
Changed: Aug 21
Last Checked: Aug 25 at 8:48AM
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 Idaho Falls Real Estate Investment Brokerage Corporation
Investment Insights
Based on property information with market context.
This three-unit property includes a larger upper-level residence with two bedrooms and one bathroom, along with two one-bedroom, one-bath units. The upper unit measures 1,343 square feet and includes a garage, mud room, and washer and dryer hookups. Each of the other units measures 450 square feet.
Lease terms vary across the property. The upper residence is leased through May of 2027, one one-bedroom unit is occupied on a month-to-month basis, and the other lease runs through April of 2027. The triplex occupies a corner lot at 357 6th Ave N in Twin Falls, Idaho. Showings are available after the property is under contract.
Lease terms vary across the property. The upper residence is leased through May of 2027, one one-bedroom unit is occupied on a month-to-month basis, and the other lease runs through April of 2027. The triplex occupies a corner lot at 357 6th Ave N in Twin Falls, Idaho. Showings are available after the property is under contract.
Key Highlights
- Three‑unit triplex at 357 6th Ave N, Twin Falls, ID
- Upper unit offers 2 bedrooms, 1 bath, and 1,343 square feet
- Upper residence includes a garage, mud room, and washer and dryer hookups
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
$21,523
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
6.15%
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%
$430,460
$430.5K
Cap Rate 7%
$307,471
$307.5K
Cap Rate 9%
$239,144
$239.1K
Market Conditions
NOI Build-Up for 2,333 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
$32.2K $13.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$30.7K $13.18/SF
− OpEx
−$9.2K −$3.95/SF
NOI
$21.5K $9.23/SF
Area
Twin Falls County, ID
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$430,460
Cap Rate 7%
$307,471
Cap Rate 9%
$239,144
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$535.2K
$468.3K – $624.4K
NOI $37,464 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
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?
Triplex - Three-unit residential property with varied floor plans, on-site garage access, and a mix of fixed-term and month-to-month leases.
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 $350,000.
What are key features of this property?
This property features: Three‑unit triplex at 357 6th Ave N, Twin Falls, ID; Upper unit offers 2 bedrooms, 1 bath, and 1,343 square feet; Upper residence includes a garage, mud room, and washer and dryer hookups
