Idaho Falls Duplex
For Sale
$199,900
Pending
724-726 N Wabash Avenue, Idaho Falls, ID 83401
MULTI_FAMILY - Idaho Falls, ID
Property Size1,680 SF
Lot Size0.15 Acres
Days on Market31
Property Features for 724-726 N Wabash Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Idaho Falls-R3-Multi Dwel Res
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking
1
Elementary school
Longfellow 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From Broadway St, head north on N Woodruff Ave, then turn left onto E 7th St. Continue west and turn right onto N Wabash Ave. Property will be on the left.
Standard status
Pending
APN
RPA00008175062
Size
1,680 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7, BLOCK 3, FREMONT ADDITION TO THE CITY OF IDAHO FALLS, BONNEVILL
Tax Annual Amount
1665
Legal Description
LOT 7, BLOCK 3, FREMONT ADDITION TO THE CITY OF IDAHO FALLS, BONNEVILL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Well
Building Details
Year built
1945
Number of units
2
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Congress Realty, Inc
(888) 881-4118
Listed By:
Jared English · License #B.1001537
(888) 881-4118
Added: Jun 30
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# 2185170
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 duplex is located in a convenient area and features two separate units, each with its own entrance and address. The property requires some TLC and updates, providing an opportunity to improve its condition and overall appeal. The lot size is 0.15 acres and the property size is 1680 square feet.
Key Highlights
- Duplex with two separate units, each with its own entrance and address
- Year built 1945 with vinyl siding and a metal roof
- Each unit has separate heating sources listed: natural gas and electric (heating)
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 | $21.2k | $12.60 |
| − Vacancy | −$953 | −$0.57 |
| EGI | $20.2k | $12.03 |
| − OpEx | −$6.1k | −$3.61 |
| NOI | $14.2k | $8.42 |
1,680 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.2K
$176.9K – $235.9K
NOI $14,151 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.3K
NOI $12,800 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$371.2K
$324.8K – $433.0K
NOI $25,982 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate units needing TLC in convenient location.
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 $199,900.
What are key features of this property?
This property features: Duplex with two separate units, each with its own entrance and address; Year built 1945 with vinyl siding and a metal roof; Each unit has separate heating sources listed: natural gas and electric (heating)
