New Fourplex Built in
For Sale
$779,000
Pending
5963 N Freedom Road, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size4,497 SF
Lot Size0.25 Acres
Days on Market38
Property Features for 5963 N Freedom Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Zoning: Not Verified, Specific Zoning: Not Verified
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Appliances
Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
Subdivision
Freedom Acres-Bon
Lot features
Established Lawn, Sprinkler- Auto
Elementary school
Ucon 93EL
Middle school
Rocky Mountain 93JH
High school
Bonneville 93HS
Directions
Highway 26 east to Beaches Corner, then north on Yellowstone Hwy and right on E. Gample. Take the roundabout going south and the units will be on your right.
Standard status
Pending
APN
RPO1171003024O
Size
4,497 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24, BLOCK 3, FREEDOM ACRES # 2 NW1/4, SEC 35, T 3N, R 38 , FREEDOM
Tax Annual Amount
4601
HOA Fee
$125 Annually
Legal Description
LOT 24, BLOCK 3, FREEDOM ACRES # 2 NW1/4, SEC 35, T 3N, R 38 , FREEDOM
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
spacious open layout
lots of natural light
well designed kitchen with granite countertops
modern high end smart appliance suite
LVP flooring in high traffic areas
washer and dryer hookups
Building Details
Year built
2022
Number of units
4
Building materials
Frame, Stone, Vinyl Siding
Listing Agency:
Silvercreek Realty Group
(208) 523-6111
Listed By:
Brad Simonson
(208) 523-6111
Added: Jul 16
Changed: Aug 19
Last Checked: Aug 22 at 3:06PM
MLS# 2185080
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.
A newer fourplex investment property built in 2022 on a 0.25-acre lot. The interior features an open layout with abundant natural light, and each unit includes a washer and dryer hookup. The kitchen is described as well designed with granite countertops and a modern smart appliance suite, with LVP flooring in high-traffic areas. Construction materials are noted as frame, stone, and vinyl siding, and the property is served by public water and public sewer. Heating is electric, and all units have water suppression for fire safety.
The property is located at 5963 N Freedom Road in Idaho Falls, Idaho (Bonneville County). The remarks describe the site as close to Idaho Falls and near Rigby, Rexburg, and Swan Valley.
The listing includes information on in-unit rooming such as bedrooms and bathrooms, and the property is identified as being fully rented for immediate cash flow with the adjacent unit also available for immediate showing.
The property is located at 5963 N Freedom Road in Idaho Falls, Idaho (Bonneville County). The remarks describe the site as close to Idaho Falls and near Rigby, Rexburg, and Swan Valley.
The listing includes information on in-unit rooming such as bedrooms and bathrooms, and the property is identified as being fully rented for immediate cash flow with the adjacent unit also available for immediate showing.
Key Highlights
- Newer fourplex built in 2022
- 0.25‑acre lot with a 4,497 SF property
- Granite countertops and a modern smart appliance suite 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
$37,879
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
4.86%
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%
$757,580
$757.6K
Cap Rate 7%
$541,129
$541.1K
Cap Rate 9%
$420,878
$420.9K
Market Conditions
NOI Build-Up for 4,497 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
$56.7K $12.60/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$54.1K $12.03/SF
− OpEx
−$16.2K −$3.61/SF
NOI
$37.9K $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%
$757,580
Cap Rate 7%
$541,129
Cap Rate 9%
$420,878
Alternative Uses
Best Use
Multifamily LT 5
$541.1K
$473.5K – $631.3K
NOI $37,879 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$489.5K
$428.3K – $571.1K
NOI $34,263 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$993.6K
$869.4K – $1.16M
NOI $69,549 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
27
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Newer fourplex in Idaho Falls with granite kitchen finishes, LVP flooring, and washer/dryer hookups in each unit.
Where is this quadplex located?
The property is located at 5963 N Freedom Road Idaho Falls, ID.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Newer fourplex built in 2022; 0.25‑acre lot with a 4,497 SF property; Granite countertops and a modern smart appliance suite in each unit
