Apartment Building with Central
For Sale
$7,950,000
509-523 Rose St, Twin Falls, ID 83301
Apartment property built in 2022 with central air, forced-air electric heating, and kitchen appliances.
Property Size38,048 SF
Price / SF$208.95
Days on Market56
Property Features for 509-523 Rose St
General Information
Standard status
Active
Size
38,048 SF
Total Parking Spaces
70
Property subtype
Residential Income
Zoning
R4
Net Operating Income
$446,710
Taxes and HOA fees
Annual Taxes
$60,009
Amenities
Central Air
Electric, Forced Air
Refrigerator, Cooktop, Range
Building Details
Building Size
38,048 SF
Year Built
2022
Listing Agency:
Robert Jones Realty Inc
Listed By:
Mark Jones · License #AB16735
(208) 308-3030
Source:
Evrealestate
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 4:49PM
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 Robert Jones Realty Inc
Investment Insights
Based on property information with market context.
This apartment building at 509-523 Rose St in Twin Falls contains 38,048 square feet and was completed in 2022. Interior features include central air, electric forced-air heating, and a kitchen appliance package with a refrigerator, cooktop, and range.
The property carries R4 zoning and is located in Twin Falls, Idaho. The available information identifies the asset as an apartment building within a multifamily property classification.
The property carries R4 zoning and is located in Twin Falls, Idaho. The available information identifies the asset as an apartment building within a multifamily property classification.
Key Highlights
- 38,048‑square‑foot apartment building
- Built in 2022
- R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$315,804
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,316,080
$6.3M
Cap Rate 7%
$4,511,486
$4.5M
Cap Rate 9%
$3,508,933
$3.5M
Market Conditions
NOI Build-Up for 38,048 SF
Gross rent
$598.1K $15.72/SF
− Vacancy
−$23.9K −$0.63/SF
EGI
$574.2K $15.09/SF
− OpEx
−$258.4K −$6.79/SF
NOI
$315.8K $8.30/SF
Area
Twin Falls County, ID
Vacancy
4.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,316,080
Cap Rate 7%
$4,511,486
Cap Rate 9%
$3,508,933
Alternative Uses
Best Use
Apartment 5plus
$4.51M
$3.95M – $5.26M
NOI $315,804 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.73M
$7.64M – $10.18M
NOI $610,984 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
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?
Apartment building - Apartment property built in 2022 with central air, forced-air electric heating, and kitchen appliances.
Where is this apartment building located?
The property is located at 509-523 Rose St Twin Falls, ID.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 38,048‑square‑foot apartment building; Built in 2022; R4 zoning
