Updated Triplex with Detached
For Sale
$329,000
437 W Crowley St, Idaho Falls, ID 83402
Three residential units include two two-bedroom apartments and a separate studio.
Property Size1,928 SF
Price / SF$170.64
Days on Market27
Property Features for 437 W Crowley St
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Multi-Family
Building Details
Year Built
1946
Listing Agency:
Edge Real Estate
(208) 681-3009
Listed By:
Luke Stallings · License #SP32701
Source:
Noplacelikeidaho
Added: Aug 5
Changed: Aug 31
Last Checked: Aug 30 at 8:21PM
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 Edge Real Estate
Investment Insights
Based on property information with market context.
This 1,928-square-foot triplex, built in 1946, includes two apartment units within the main residence and a detached studio. The main-level apartment offers two bedrooms and one bathroom, while the basement apartment provides the same bedroom and bathroom configuration. The detached unit is arranged as a studio.
The owner currently pays utilities, with tenants charged a separate utility reimbursement. The property is located at 437 W Crowley St in Idaho Falls, Idaho, and its three-unit configuration provides distinct residential spaces within one income-producing property.
The owner currently pays utilities, with tenants charged a separate utility reimbursement. The property is located at 437 W Crowley St in Idaho Falls, Idaho, and its three-unit configuration provides distinct residential spaces within one income-producing property.
Key Highlights
- Three‑unit residential property with two apartments and a detached studio
- Main‑level unit includes 2 bedrooms and 1 bathroom
- Basement unit includes 2 bedrooms and 1 bathroom
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
$16,240
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
4.94%
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%
$324,800
$324.8K
Cap Rate 7%
$232,000
$232.0K
Cap Rate 9%
$180,444
$180.4K
Market Conditions
NOI Build-Up for 1,928 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
$24.3K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$23.2K $12.03/SF
− OpEx
−$7.0K −$3.61/SF
NOI
$16.2K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /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%
$324,800
Cap Rate 7%
$232,000
Cap Rate 9%
$180,444
Alternative Uses
Best Use
Multifamily LT 5
$232.0K
$203.0K – $270.7K
NOI $16,240 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$209.9K
$183.6K – $244.8K
NOI $14,690 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$426.0K
$372.7K – $497.0K
NOI $29,818 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
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 residential units include two two-bedroom apartments and a separate studio.
Where is this triplex located?
The property is located at 437 W Crowley St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three‑unit residential property with two apartments and a detached studio; Main‑level unit includes 2 bedrooms and 1 bathroom; Basement unit includes 2 bedrooms and 1 bathroom
