Duplex with Detached
New
For Sale
$230,000
724-726 N Wabash Avenue, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size1,398 SF
Lot Size0.30 Acres
Price / SF$164.52
Days on Market3
Property Features for 724-726 N Wabash Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Tn-Trad Neigh, Specific Zoning: Idaho Falls-Tn-Traditional Nbh
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3
Parking features
Off Street
Appliances
Separate Water Heaters, Refrigerator
Lot features
Near Golf Course, Near Schools, Secluded
Elementary school
Longfellow 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From Pinecrest Golf Course on Elva Street, turn right on N Wabash Ave, then turn left on private road off of Wabash Ave. Property is behind 720 N Wabash Ave
Standard status
Active
APN
RPA00008175062
Size
1,398 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
.303 A NE1/4 SW1/4, SEC 17, T 2N, R 38
Tax Annual Amount
1665
Legal Description
.303 A NE1/4 SW1/4, SEC 17, T 2N, R 38
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Amenities
detached garage
private entrances
laundry room
Building Details
Year built
1945
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Metal
Listing Agency:
Summit View Realty
Listed By:
Kelly Allen · License #SP41270
(208) 589-8282
Added: Nov 3
Last Checked: Nov 5 at 1:06PM
MLS# 2190165
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.
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Investment Insights
Based on property information with market context.
This 1,398-square-foot duplex on a 0.3-acre lot was built in 1945. Each residence has its own entrance, utilities, and laundry room. A detached garage is included, and off-street parking is available. The building has frame construction, vinyl siding, and a metal roof. Separate water heaters and a refrigerator are among the listed appliances; heating is provided by natural gas and electric systems.
The property is served by public water and public sewer. The home needs some TLC.
The property is served by public water and public sewer. The home needs some TLC.
Key Highlights
- Duplex with a detached garage
- 1,398 square feet on a 0.3‑acre lot
- Separate entrances, utilities, and laundry rooms for both residences
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
666
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate entrances, utility service, and laundry rooms, with off-street parking available.
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: Duplex with a detached garage; 1,398 square feet on a 0.3‑acre lot; Separate entrances, utilities, and laundry rooms for both residences
