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Six-Unit Residential Income Property

601 John Adams Parkway Idaho Falls, ID 83401

New
601 John Adams Parkway, Idaho Falls, ID, 83401
$1,100,000
For Sale
Claim this Listing
$1,100,000

MULTI_FAMILY - Idaho Falls, ID

Property Size6,048 SF
Lot Size0.15 Acres
Price / SF$181.88
AddedJul 15
Days on Market2
Last RefreshJul 16 at 9:06 am

Property Features for 601 John Adams Parkway

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
9
Rooms
Bedroom 5, Bathroom 7, Bathroom 4, Bedroom 9, Bedroom 3, Bedroom 11, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 12, Bathroom 6, Bathroom 8, Bedroom 10, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 12, Bathroom 11, Bedroom 4, Bathroom 10, Bathroom 9, Bathroom 1, Bedroom 2
Parking
12
Parking features
Garage
Patio and Porch features
Deck
Exterior features
Balcony
Appliances
Separate Water Heaters, Dishwasher, Refrigerator, Oven, Stove
Standard status
Active
APN
RPA8410000601A
Size
6,048 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
See Attached
Tax Annual Amount
9132

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Ceiling
Water source
Public

Building Details

Year built
1985
Number of units
6
Flooring type
Carpet - Full, Carpet
Building materials
Brick, Stucco, Wood Siding

Listing agent Kerry Howell License #23797

Listing office Century 21 High Desert 700 Memorial Drive, ID

Listing date Jul 15, 2026

MLS# 2187783 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.

This six-unit residential income property is configured as 2-level units, with open living room, kitchen, and dining areas on the upper level. Each unit includes 2 bedrooms and 1 bathroom, along with a private deck overlooking the back yard. Additional improvements include a detached 2-car garage for every unit.

The property is centrally located in Idaho Falls and is described as being close to schools and shopping. HOA is reported to cover exterior maintenance, snow removal, and lawn care.

With a total property size of 6,048 square feet on a 0.1512-acre lot, the asset presents a straightforward multifamily layout for investors seeking a 6-unit rental history.

Key Highlights

  • 6‑unit investment property built in 1985
  • Each unit includes a 2‑car detached garage
  • 2‑level unit layout with open living, kitchen, and dining on the upper level

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 $87.1k $14.40
− Vacancy −$3.3k −$0.55
EGI $83.8k $13.85
− OpEx −$37.7k −$6.23
NOI $46.1k $7.62
6,048 SF · lease $14.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$658.3K
$576.0K – $768.0K (±1% cap)
NOI $46,080 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M (±1% cap)
NOI $93,536 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Storage Facility (Bike/Boat/Book/etc) Store Barber Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Wine and Liquor Store (Bike/Boat/Book/etc) Store Pet Store Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six two-bedroom, one-bath units offer private decks, each with a detached two-car garage.
Where is this apartment building located?
The property is located at 601 John Adams Parkway Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6‑unit investment property built in 1985; Each unit includes a 2‑car detached garage; 2‑level unit layout with open living, kitchen, and dining on the upper level
Contact an agent
More about this property
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