645 5th Ave W, Twin Falls, ID 83301
M-2 zoned duplex with two independent living areas, plus a sizable lot for parking, storage, or business operations.
- Added:
- Jun 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 13 at 3:10 am
Property Features for 645 5th Ave W
General Information
- Standard status
- Active
- Size
- 1,202 SF
- Lot size
- 0.75 Acres
- Property subtype
- Income
Building Details
- Year Built
- 1933
Listing agent Siena Groshong (415) 233-2162
Listing office Homes of Idaho (415) 233-2162
Listing date Jun 9, 2026
Source Homesofidaho
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HighLights
- .75‑acre lot with RV access/parking and total parking for 10 spaces, plus room for truck parking, equipment storage, or future shop construction
- M‑2 zoned duplex with flexible use for residential or a wide range of commercial uses
- Two independent living areas: upper level offers 1 bed/1 bath rental, and the walk‑out basement provides another 1 bed/1 bath with its own entrance
- Units can operate independently or connect to create a 2‑bedroom, 2‑bath residence
- Total of 2 bedrooms and 2 total baths; walk‑out basement and heating/air conditioning are included
- Built in 1933; 1,202 total building area with washer/dryer hookups (some units)
Overview
The property is zoned M-2 and sits on approximately 0.75 acres. With the existing arrangement, the space can serve more than just residential needs, including office space, contractor headquarters, or a live/work setup. Outside, the lot provides room for truck parking, equipment storage, future shop construction, or other business operations.
For tenants, owners, and operators, the value here is flexibility: a configuration that supports independent occupancy today, with the option to combine living areas if desired. The industrial zoning expands what this site can be used for beyond traditional rentals, while the outdoor space supports practical storage and vehicle needs tied to contracting and business use.
Local Financial Insights For Mixed Use
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 | $19.5k | $16.20 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $18.4k | $15.31 |
| − OpEx | −$6.9k | −$5.74 |
| NOI | $11.5k | $9.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Twin Falls
- County
- Twin Falls
- State
- Idaho
- Longitude
- -114.481362
- Latitude
- 42.557075
