Newer Apartment
For Sale
$7,950,000
509 509-523 Rose St, Twin Falls, ID 83301
Multifamily property with ensuite primary bedrooms, walk-in closets, office areas, and exterior storage for each unit.
Property Size38,048 SF
Price / SF$208.95
Days on Market57
Property Features for 509 509-523 Rose St
General Information
Standard status
Active
Size
38,048 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listing Agency:
Robert Jones Realty Inc
Listed By:
Mark Jones, Julie Jones
Source:
Platzplace
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 7 at 5:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this 38,048-square-foot apartment property at 509-523 Rose St. includes units with a primary bedroom, private bath, and walk-in closet. Each residence also features a combined kitchen and living area, a small office area adjacent to the living room, and an outdoor storage closet.
The property is in Twin Falls, near the College of Southern Idaho and within the city limits, which have a population of more than 55,000. The address includes the 500 block of Rose Street and supports a multifamily residential use.
The property is in Twin Falls, near the College of Southern Idaho and within the city limits, which have a population of more than 55,000. The address includes the 500 block of Rose Street and supports a multifamily residential use.
Key Highlights
- 38,048‑square‑foot apartment property completed in 2022
- Each unit includes a primary bedroom with private bath and walk‑in closet
- Combined kitchen and living areas in each unit
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with ensuite primary bedrooms, walk-in closets, office areas, and exterior storage for each unit.
Where is this apartment building located?
The property is located at 509 509-523 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 property completed in 2022; Each unit includes a primary bedroom with private bath and walk‑in closet; Combined kitchen and living areas in each unit
