Multifamily Property with Flex
For Sale
$515,000
492 G St, Idaho Falls, ID 83402
Renovated historic residence includes a separate apartment and heated auxiliary building with workspace and residential features.
Property Size3,061 SF
Price / SF$168.25
Days on Market68
Property Features for 492 G St
General Information
Standard status
Active
Size
3,061 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
The Perfect Home Team · License #1999023818
(404) 668-6621
Source:
Griderpeterson
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 5 at 10:22PM
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 Keller Williams Realty East Idaho
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Investment Insights
Based on property information with market context.
This multifamily property combines a renovated historic residence with a separate one-bedroom apartment and a 2020-built heated flex building. The auxiliary structure includes a full kitchen, full bathroom, loft bedroom, and garage, creating a substantial second space alongside the main dwelling. The property offers three distinct areas within one holding, including a dedicated apartment and flexible building suitable for workshop, studio, hobby, home-business, guest, or household use as supported by the existing configuration.
Located at 492 G St in Idaho Falls, the property is 2 blocks from downtown, the Farmers Market, and the Greenbelt. The combination of historic residential character, a newer accessory building, and a separate apartment provides a varied multifamily layout near established downtown amenities.
Located at 492 G St in Idaho Falls, the property is 2 blocks from downtown, the Farmers Market, and the Greenbelt. The combination of historic residential character, a newer accessory building, and a separate apartment provides a varied multifamily layout near established downtown amenities.
Key Highlights
- Renovated historic residence paired with a separate one‑bedroom apartment
- 2020‑built heated flex building with 1,250 sq. ft.
- Flex building includes a full kitchen, full bathroom, loft bedroom, and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,169
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,380
$663.4K
Cap Rate 7%
$473,843
$473.8K
Cap Rate 9%
$368,544
$368.5K
Market Conditions
NOI Build-Up for 3,061 SF
Gross rent
$51.4K $16.80/SF
− Vacancy
−$7.2K −$2.35/SF
EGI
$44.2K $14.45/SF
− OpEx
−$11.1K −$3.61/SF
NOI
$33.2K $10.84/SF
Area
Bonneville County, ID
Vacancy
14.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,380
Cap Rate 7%
$473,843
Cap Rate 9%
$368,544
Alternative Uses
Best Use
Office B
$473.8K
$414.6K – $552.8K
NOI $33,169 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$676.3K
$591.8K – $789.0K
NOI $47,340 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated historic residence includes a separate apartment and heated auxiliary building with workspace and residential features.
Where is this multifamily property located?
The property is located at 492 G St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Renovated historic residence paired with a separate one‑bedroom apartment; 2020‑built heated flex building with 1,250 sq. ft.; Flex building includes a full kitchen, full bathroom, loft bedroom, and garage
