Historic Brick Apartment
525 Walnut Street Idaho Falls, ID 83401
New
525 Walnut Street, Idaho Falls, ID, 83401
$1,750,000
For Sale
$1,750,000
MULTI_FAMILY - Idaho Falls, ID
Property Size15,867 SF
Lot Size0.29 Acres
Price / SF$110.29
Days on Market2
Property Features for 525 Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 18
- Bathrooms
- 27
- Rooms
- Bedroom 8, Bedroom 10, Bathroom 10, Bathroom 22, Bedroom 1, Bathroom 8, Bedroom 6, Bathroom 19, Bedroom 15, Bedroom 16, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 16, Bathroom 1, Bathroom 21, Bathroom 26, Basement, Bedroom 18, Bathroom 11, Bedroom 13, Bathroom 20, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 14, Bedroom 2, Bathroom 23, Bathroom 18, Bedroom 12, Bathroom 12, Bedroom 17, Bathroom 9, Bathroom 24, Bedroom 5, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 15, Bathroom 13, Bathroom 25, Bathroom 27, Bathroom 17, Bedroom 7, Bedroom 11, Bedroom 14
- Parking
- 20
- Parking features
- Off Street
- Basement
- Unfinished, Finished
- Standard status
- Active
- APN
- RPA17400550055A
- Size
- 15,867 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S 47.5' LOT 5 LESS NE PART, LOT 6, BLOCK 55, ORIGINAL TOWN SW1/4, SEC
- Tax Annual Amount
- 13185
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1928
- Number of units
- 27
- Building materials
- Brick
- Roof type
- Membrane
Listing Agency
Century 21 High Desert
(208) 524-2121
700 Memorial Drive, ID
Listed by
Kerry Howell · License #23797
(208) 524-2121
Added: Jul 17 Checked: Jul 18 at 1:06 pm
MLS# 2187865
Listing URL
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Historic all-brick apartment building known as the Avalon Apartments, consisting of 27 total units. The property includes individual electrical meters and electric heat for each unit. Recent upgrades include vinyl windows, elimination of the boiler system, on-demand tankless water heaters, membrane roofing, new plumbing, and a sprinkler system. A coin-operated laundry is located on the lower level. Three units are in a separate building next to the main structure.
The property is located in the heart of Idaho Falls, close to downtown, at 525 Walnut Street in Bonneville County.
Each unit is served with its own electrical meter, and the building has been updated with newer membrane roofing along with the plumbing and fire sprinkler improvements noted in the recent upgrade list.
The property is located in the heart of Idaho Falls, close to downtown, at 525 Walnut Street in Bonneville County.
Each unit is served with its own electrical meter, and the building has been updated with newer membrane roofing along with the plumbing and fire sprinkler improvements noted in the recent upgrade list.
Key Highlights
- 27‑unit all‑brick investment property known as Avalon Apartments in Historic Idaho Falls, close to downtown
- Recent upgrades include vinyl windows, membrane roof, new plumbing, and a sprinkler system
- On‑demand tankless water heaters added; elimination of boiler system
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.5k | $14.40 |
| − Vacancy | −$8.7k | −$0.55 |
| EGI | $219.8k | $13.85 |
| − OpEx | −$98.9k | −$6.23 |
| NOI | $120.9k | $7.62 |
15,867 SF · lease $14.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.01M
NOI $120,891 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,393 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Avalon Apts.
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - All-brick apartment building with 27 units, individual electric meters, and recent upgrades including a membrane roof.
Where is this apartment building located?
The property is located at 525 Walnut Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 27‑unit all‑brick investment property known as Avalon Apartments in Historic Idaho Falls, close to downtown; Recent upgrades include vinyl windows, membrane roof, new plumbing, and a sprinkler system; On‑demand tankless water heaters added; elimination of boiler system
