Duplex with Detached
New
For Sale
$230,000
724-726 N Wabash Avenue, Idaho Falls, ID 83401
Each residence has a separate entrance, utility service, and laundry room.
Property Size1,398 SF
Price / SF$164.52
Days on Market2
Property Features for 724-726 N Wabash Avenue
General Information
Standard status
Active
Size
1,398 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Multifamily Units
2
Amenities
laundry room
Building Details
Year Built
1945
Listing Agency:
Summit View Realty
Listed By:
Kelly Allen · License #4096_9003
(208) 589-8282
Source:
Coldwellbankertetonvalley
Added: Nov 4
Last Checked: Nov 4 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit View Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,398 square feet and was built in 1945. A detached garage is included. Both units have independent entrances, utility service, and laundry rooms. The property requires some attention.
Key Highlights
- Two units, each with its own entrance, utilities, and laundry room
- Detached garage included
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,775
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,500
$235.5K
Cap Rate 7%
$168,214
$168.2K
Cap Rate 9%
$130,833
$130.8K
Market Conditions
NOI Build-Up for 1,398 SF
Gross rent
$17.6K $12.60/SF
− Vacancy
−$793 −$0.57/SF
EGI
$16.8K $12.03/SF
− OpEx
−$5.0K −$3.61/SF
NOI
$11.8K $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 Rate 5%
$235,500
Cap Rate 7%
$168,214
Cap Rate 9%
$130,833
Alternative Uses
Best Use
Multifamily LT 5
$168.2K
$147.2K – $196.3K
NOI $11,775 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$152.2K
$133.1K – $177.5K
NOI $10,651 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$308.9K
$270.3K – $360.4K
NOI $21,621 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate entrance, utility service, and laundry room.
Where is this duplex located?
The property is located at 724-726 N Wabash Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two units, each with its own entrance, utilities, and laundry room; Detached garage included; Built in 1945
