Spacious Duplex in
For Sale
$765,000
533/535 Irene St, Kimberly, ID 83341
Two 4-bedroom units with modern finishes and fenced yards.
Property Size3,358 SF
Price / SF$227.81
Days on Market79
Property Features for 533/535 Irene St
General Information
Standard status
Active
Size
3,358 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$858
Amenities
Garage: Two Car, Attached, Finished Driveway
Garage Spaces: 2
8
6.00
Two Car, Attached, Finished Driveway
2
Building Details
Year Built
2026
Listing Agency:
Silvercreek Realty Group
(208) 734-1991
Listed By:
Katie Stanger · License #SP48980
Source:
Clearwaterproperties
Added: May 26
Changed: Aug 8
Last Checked: Jul 17 at 2:43AM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This duplex in Kimberly features two units, each offering 1,679 square feet of living space. Each unit includes 4 bedrooms and 2.5 bathrooms. The primary suites feature generously sized bedrooms, en-suite bathrooms, and walk-in closets. The units are thoughtfully designed with modern finishes and an open floor plan, including a quality crafted kitchen and functional living space. Each unit also features a fully fenced backyard with automatic sprinklers, creating a private outdoor space. The property is conveniently located close to local parks, schools, and shopping. The total property size is 3,358 square feet.
Key Highlights
- Two spacious units, each with 4 bedrooms and 2.5 bathrooms (1,679 sqft per unit).
- Primary suites with en‑suite bathrooms and walk‑in closets.**
- Modern finishes and open floor plan** in each unit.
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
$30,979
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
4.05%
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%
$619,580
$619.6K
Cap Rate 7%
$442,557
$442.6K
Cap Rate 9%
$344,211
$344.2K
Market Conditions
NOI Build-Up for 3,358 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
$46.3K $13.80/SF
− Vacancy
−$2.1K −$0.62/SF
EGI
$44.3K $13.18/SF
− OpEx
−$13.3K −$3.95/SF
NOI
$31.0K $9.23/SF
Area
Twin Falls County, ID
Vacancy
4.50%
Lease Rate
$13.80 /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%
$619,580
Cap Rate 7%
$442,557
Cap Rate 9%
$344,211
Alternative Uses
Best Use
Multifamily LT 5
$442.6K
$387.2K – $516.3K
NOI $30,979 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$398.2K
$348.4K – $464.5K
NOI $27,872 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$770.3K
$674.1K – $898.7K
NOI $53,924 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 83341, ID
8,838
Population
3,028
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
93%
High-School Grad
85.2 sq mi
ZIP Area
104
Density / Sq Mi
$95,340
Median Household Income
$43,055
Median Earnings
$1,019
Median Rent
$411,600
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?
Duplex - Two 4-bedroom units with modern finishes and fenced yards.
Where is this duplex located?
The property is located at 533/535 Irene St Kimberly, ID.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two spacious units, each with **4 bedrooms and 2.5 bathrooms (1,679 sqft per unit)**.; Primary suites with en‑suite bathrooms and walk‑in closets.**; Modern finishes and open floor plan** in each unit.
