Brick Duplex with
New
For Sale
$350,000
555/557 Tendoy Drive, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size2,812 SF
Lot Size0.19 Acres
Price / SF$124.47
Days on Market1
Property Features for 555/557 Tendoy Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Bonneville Residen, Specific Zoning: Idaho Falls-R2-Mixed Res
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 2, Basement, Bedroom 1
Parking
1
Parking features
Garage
Basement
Partially Finished, Full
Appliances
Separate Water Heaters, Refrigerator, Oven, Stove
Subdivision
Linden Park-Bon
Lot features
Low Traffic, Near Schools
Elementary school
Linden Park 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
Heading East on John Adams Parkway to Tendoy Drive, turn right, duplex is on the left.
Standard status
Active
APN
RPA1420003006O
Size
2,812 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 6, BLOCK 3, LINDEN PARK NE1/4, SEC 20, T2N, R 38 UNITS 2
Tax Annual Amount
3133
Legal Description
LOT 6, BLOCK 3, LINDEN PARK NE1/4, SEC 20, T2N, R 38 UNITS 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Water source
Public
Building Details
Year built
1949
Number of units
2
Building materials
Brick
Roof type
Metal
Listing Agency:
Century 21 High Desert · Century 21 Real Estate
(208) 524-2121
Listed By:
Sherri Biorn · License #SP43363
(208) 524-2121
Added: Aug 21
Last Checked: Aug 21 at 11:06PM
MLS# 2188689
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.
This brick duplex contains two separate residential units within a 2,812-square-foot property built in 1949. Each unit includes three bedrooms, a kitchen with room for dining, and a full bathroom. Two bedrooms are positioned on the main level, while the lower level adds a bedroom and a large family room. Basement areas also contain the utilities and laundry facilities. The property needs updating, including carpet, paint, and possible repair work.
Outdoor amenities include a private backyard area for each unit and one detached garage serving each residence. Separate water heaters, electric and forced-air heating, public water, public sewer, a metal roof, and included appliances complete the physical profile. The property is located at 555/557 Tendoy Drive in Idaho Falls, Idaho 83401.
Outdoor amenities include a private backyard area for each unit and one detached garage serving each residence. Separate water heaters, electric and forced-air heating, public water, public sewer, a metal roof, and included appliances complete the physical profile. The property is located at 555/557 Tendoy Drive in Idaho Falls, Idaho 83401.
Key Highlights
- Two‑unit brick duplex with 2,812 square feet, built in 1949
- Each unit includes 3 bedrooms and 1 full bathroom
- Lower levels add a bedroom and large family room to 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
$23,686
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
6.77%
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%
$473,720
$473.7K
Cap Rate 7%
$338,371
$338.4K
Cap Rate 9%
$263,178
$263.2K
Market Conditions
NOI Build-Up for 2,812 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
$35.4K $12.60/SF
− Vacancy
−$1.6K −$0.57/SF
EGI
$33.8K $12.03/SF
− OpEx
−$10.2K −$3.61/SF
NOI
$23.7K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /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%
$473,720
Cap Rate 7%
$338,371
Cap Rate 9%
$263,178
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.8K
NOI $23,686 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$306.1K
$267.8K – $357.1K
NOI $21,425 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,489 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
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 residential units offer basement living areas, private yard space, and detached garage parking.
Where is this duplex located?
The property is located at 555/557 Tendoy Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 2,812 square feet, built in 1949; Each unit includes 3 bedrooms and 1 full bathroom; Lower levels add a bedroom and large family room to each unit
