Newly Built
For Sale
$700,000
5400 Park Lawn Drive, Chubbuck, ID 83202
Residential Income, Chubbuck, ID
Property Size4,224 SF
Lot Size0.19 Acres
Price / SF$165.72
Days on Market183
Property Features for 5400 Park Lawn Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Bannock-Residential Suburban
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 12, Bathroom 3, Bedroom 7
Elementary school
Ellis
Middle school
Alameda Middle School
High school
Highland
Directions
New Day Parkway to Chubbuck to E Briscoe to Park Lawn
Standard status
Active
APN
RPRCLP2002200
Size
4,224 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 11 Block 2 Legacy Park Div 2
Tax Annual Amount
0
Legal Description
Lot 11 Block 2 Legacy Park Div 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
4
Building materials
Vinyl Siding
Listing Agency:
RE/MAX Country Real Estate · RE/MAX International
(208) 234-4444
Listed By:
Jeremy Briscoe · License #SP30778
(208) 234-4444
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 2182111
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.
Newly built four-plex under construction at 5400 Park Lawn Drive in Chubbuck, Idaho. The property will feature four units, each with three bedrooms and one bathroom, with functional layouts and 1,056 sq ft of living space per unit. The exterior is planned with vinyl siding, and each unit is served by forced-air heating and central air.
The project sits on a 0.19-acre lot with public water and public sewer. With a 2026 year built and low-maintenance focus implied by the new construction, the layout is designed to support either investor ownership or owner-occupant use.
Overall, this is a purpose-built small multifamily structure with four similarly configured units, including multiple bedrooms and centralized heating and cooling.
The project sits on a 0.19-acre lot with public water and public sewer. With a 2026 year built and low-maintenance focus implied by the new construction, the layout is designed to support either investor ownership or owner-occupant use.
Overall, this is a purpose-built small multifamily structure with four similarly configured units, including multiple bedrooms and centralized heating and cooling.
Key Highlights
- Newly built four‑plex under construction at 5400 Park Lawn Drive, Chubbuck, ID
- Four units, each with three bedrooms and one bathroom
- 1,056 sq ft living space per 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
$28,501
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
4.07%
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%
$570,020
$570.0K
Cap Rate 7%
$407,157
$407.2K
Cap Rate 9%
$316,678
$316.7K
Market Conditions
NOI Build-Up for 4,224 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
$43.1K $10.20/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$40.7K $9.64/SF
− OpEx
−$12.2K −$2.89/SF
NOI
$28.5K $6.75/SF
Area
Bannock County, ID
Vacancy
5.50%
Lease Rate
$10.20 /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%
$570,020
Cap Rate 7%
$407,157
Cap Rate 9%
$316,678
Alternative Uses
Best Use
Multifamily LT 5
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$379.1K
$331.8K – $442.3K
NOI $26,540 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 83202, ID
24,441
Population
8,866
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
93%
High-School Grad
166.8 sq mi
ZIP Area
147
Density / Sq Mi
$68,118
Median Household Income
$39,341
Median Earnings
$941
Median Rent
$300,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Under-construction four-plex with four 3-bedroom, 1-bath units and central air.
Where is this quadplex located?
The property is located at 5400 Park Lawn Drive Chubbuck, ID.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Newly built four‑plex under construction at 5400 Park Lawn Drive, Chubbuck, ID; Four units, each with three bedrooms and one bathroom; 1,056 sq ft living space per unit
