Residential Income Property with Two
6354 E Panorama Drive, Idaho Falls, ID 83401
MULTI_FAMILY - Idaho Falls, ID
Property size:
3,176 SFLot size:
1.08 AcresPrice / SF:
$165/SF- Added:
- Jun 18, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 1 at 8:06 pm
Property Features for 6354 E Panorama Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- Off Street, Garage
- Interior features
- Loft
- Exterior features
- Balcony
- Appliances
- Dishwasher, Microwave, Refrigerator, Oven
- Standard status
- Active
- APN
- RPO4660004019O
- Size
- 3,176 SF
- Lot size
- 1.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 19, BLOCK 4, PANORAMA HILLS
- Tax Annual Amount
- 1753
Utilities
- Sewer type
- Private Sewer
- Heating system
- Propane (Heating), Forced Air
- Water source
- Well
Building Details
- Year built
- 2023
- Number of units
- 2
- Building materials
- Frame, Stone, Stucco, Vinyl Siding
Listing agent Adrianne Godfrey (208) 529-8888
Listing office Keller Williams Realty East Idaho 3525 Merlin Drive, Idaho Falls, ID (208) 529-8888
Listing date Jun 18, 2026
MLS# 2186353
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.
HighLights
- 3,176 sq. ft. home built in 2023 on 1 acre with panoramic valley views
- Two fully independent units, each with its own kitchen, living space, and bathrooms
- Upper unit features vaulted ceilings, private balcony, walk‑in closet, and a large bonus loft room
- Lower unit offers single‑level living with zero stairs plus a private entrance and garage access
- Loft space and multiple bedrooms/bathrooms, including bedrooms 1–4 and bathrooms 1–3
- Utilities include well water and private sewer; heating is forced air with propane heat
Overview
This residential income property features two fully independent units within a spacious 3,176-square-foot home, with each unit offering its own kitchen, living space, and bathrooms. The upper unit includes vaulted ceilings, a private balcony, a walk-in closet, and a large bonus loft room that can serve as a fourth bedroom or flex space. Finishes mentioned in the upper unit include butcher block counters, subway tile, and stainless appliances, along with a finished master bath retreat.
Set on approximately 1.08 acres, the home is described as perched for sweeping panoramic views from nearly every window. The lower unit highlights a private entrance, an expansive living room, and a designated kitchen/dining area, with access to the garage.
The layout is well suited for tenants or owner-occupants seeking true independence between units, including separate kitchen and living areas for each occupant. The lower unit is noted as single-level with zero stairs, which may appeal to households looking for easier day-to-day access. As presented, the property can also support multi-generational living or rental use, including short-term or long-term arrangements.
Set on approximately 1.08 acres, the home is described as perched for sweeping panoramic views from nearly every window. The lower unit highlights a private entrance, an expansive living room, and a designated kitchen/dining area, with access to the garage.
The layout is well suited for tenants or owner-occupants seeking true independence between units, including separate kitchen and living areas for each occupant. The lower unit is noted as single-level with zero stairs, which may appeal to households looking for easier day-to-day access. As presented, the property can also support multi-generational living or rental use, including short-term or long-term arrangements.
Local Financial Insights For Multifamily LT 5
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 | $40.0k | $12.60 |
| − Vacancy | −$1.8k | −$0.57 |
| EGI | $38.2k | $12.03 |
| − OpEx | −$11.5k | −$3.61 |
| NOI | $26.8k | $8.42 |
3,176 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.2K
$334.4K – $445.9K
NOI $26,752 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,119 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -111.9081703
- Latitude
- 43.5495147
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two fully independent living units on a 1-acre lot with panoramic valley views and separate kitchen, living, and bath spaces.
Where is this duplex located?
The property is located at 6354 E Panorama Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,176 sq. ft. home built in 2023 on 1 acre with panoramic valley views; Two fully independent units, each with its own kitchen, living space, and bathrooms; Upper unit features vaulted ceilings, private balcony, walk‑in closet, and a large bonus loft room
