Updated Multifamily
For Sale
$412,500
3826 Silverwood Cir, Idaho Falls, ID 83406
Updated interiors, flexible lower-level living space, and a landscaped backyard support varied residential use possibilities.
Property Size3,624 SF
Lot Size0.26 Acres
Price / SF$113.82
Days on Market30
Property Features for 3826 Silverwood Cir
General Information
Standard status
Active
Size
3,624 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Building Details
Year Built
2001
Listing Agency:
Lowes Flat Fee Realty A Homezu Partner
Listed By:
Roger Lowe · License #DB20447
(208) 602-0055
Source:
Idahohomerealty
Added: Aug 7
Changed: Sep 4
Last Checked: Sep 4 at 7:38AM
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 Lowes Flat Fee Realty A Homezu Partner
Investment Insights
Based on property information with market context.
This 3,624-square-foot multifamily property, built in 2001, combines refreshed interior finishes with substantial living space. The main level includes new flooring, fresh paint, updated trim, a kitchen with granite countertops, modern appliances, a pantry, and maple cabinetry. Refreshed bathroom fixtures and finishes, vaulted ceilings in the great room, main-floor laundry, three bedrooms, and a primary suite with a private ensuite and walk-in closet add functional appeal.
The finished basement expands the layout with a large family room, two additional bedrooms, a full bathroom, and storage space. A sunroom connects the interior to a 0.26-acre lot with a backyard designed for gardening and outdoor enjoyment. The configuration provides room for guests, office use, hobbies, or multigenerational living.
The finished basement expands the layout with a large family room, two additional bedrooms, a full bathroom, and storage space. A sunroom connects the interior to a 0.26-acre lot with a backyard designed for gardening and outdoor enjoyment. The configuration provides room for guests, office use, hobbies, or multigenerational living.
Key Highlights
- 3,624‑square‑foot multifamily property on a 0.26‑acre lot
- Built in 2001 with updated flooring, paint, trim, kitchen, and bathroom finishes
- Kitchen features granite countertops, modern appliances, pantry, and maple cabinetry
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
$27,611
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
6.69%
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%
$552,220
$552.2K
Cap Rate 7%
$394,443
$394.4K
Cap Rate 9%
$306,789
$306.8K
Market Conditions
NOI Build-Up for 3,624 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
$52.2K $14.40/SF
− Vacancy
−$2.0K −$0.55/SF
EGI
$50.2K $13.85/SF
− OpEx
−$22.6K −$6.23/SF
NOI
$27.6K $7.62/SF
Area
Bonneville County, ID
Vacancy
3.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
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%
$552,220
Cap Rate 7%
$394,443
Cap Rate 9%
$306,789
Alternative Uses
Best Use
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,611 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.7K
$700.6K – $934.1K
NOI $56,047 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 83406, ID
19,003
Population
6,837
Households
2.8
Avg Household Size
32
Median Age
37%
College-Educated
95%
High-School Grad
32.0 sq mi
ZIP Area
594
Density / Sq Mi
$90,654
Median Household Income
$39,189
Median Earnings
$1,182
Median Rent
$350,500
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?
Multifamily property - Updated interiors, flexible lower-level living space, and a landscaped backyard support varied residential use possibilities.
Where is this multifamily property located?
The property is located at 3826 Silverwood Cir Idaho Falls, ID.
What is the asking price?
The asking price for this property is $412,500.
What are key features of this property?
This property features: 3,624‑square‑foot multifamily property on a 0.26‑acre lot; Built in 2001 with updated flooring, paint, trim, kitchen, and bathroom finishes; Kitchen features granite countertops, modern appliances, pantry, and maple cabinetry
