3-Unit Residential Income
New
For Sale
$350,000
357 6th Ave. N, Twin Falls, ID 83301
MULTI_FAMILY - Twin Falls, ID
Property Size2,243 SF
Lot Size0.14 Acres
Price / SF$156.04
Days on Market2
Property Features for 357 6th Ave. N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Elementary school
Lincoln
Middle school
Stuart
High school
Twin Falls
Subdivision
Twin Falls
Standard status
Active
Size
2,243 SF
Lot size
0.14 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1945
Number of units
3
Architectural style
Other
Listing Agency:
Idaho Falls Real Estate Investment Brokerage
(208) 421-1191
Listed By:
Victor Sutherland
(208) 421-1191
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 583331
Copyright © 2026 Greater Pocatello Association of REALTORS®. 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.
Built in 1945, this triplex contains 2,243 square feet across three residential units. The largest residence offers two bedrooms and one bathroom, along with a garage, mudroom, and washer and dryer hookups. Two additional one-bedroom, one-bath units each measure 450 square feet.
The upper unit is leased through May 2027. One smaller residence is occupied under a month-to-month arrangement, while the other lease runs through April 2027. The property occupies a 0.14-acre lot and has forced-air heating with public water service. It is located at 357 6th Ave. N in Twin Falls, Idaho.
The upper unit is leased through May 2027. One smaller residence is occupied under a month-to-month arrangement, while the other lease runs through April 2027. The property occupies a 0.14-acre lot and has forced-air heating with public water service. It is located at 357 6th Ave. N in Twin Falls, Idaho.
Key Highlights
- Three‑unit property totaling 2,243 square feet
- Unit mix includes one 2‑bedroom residence and two 1‑bedroom units
- Upper unit measures 1,343 square feet and includes a garage
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
$20,692
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
5.91%
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%
$413,840
$413.8K
Cap Rate 7%
$295,600
$295.6K
Cap Rate 9%
$229,911
$229.9K
Market Conditions
NOI Build-Up for 2,243 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
$31.0K $13.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$29.6K $13.18/SF
− OpEx
−$8.9K −$3.95/SF
NOI
$20.7K $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%
$413,840
Cap Rate 7%
$295,600
Cap Rate 9%
$229,911
Alternative Uses
Best Use
Multifamily LT 5
$295.6K
$258.7K – $344.9K
NOI $20,692 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$266.0K
$232.7K – $310.3K
NOI $18,617 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$514.6K
$450.2K – $600.3K
NOI $36,019 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,502
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 - The property combines one two-bedroom residence with two one-bedroom units under residential zoning.
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 property totaling 2,243 square feet; Unit mix includes one 2‑bedroom residence and two 1‑bedroom units; Upper unit measures 1,343 square feet and includes a garage
