Apartment Building with
For Sale
$1,350,000
781 Oxford Drive, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size8,400 SF
Lot Size0.62 Acres
Price / SF$160.71
Days on Market54
Property Features for 781 Oxford Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Bonneville-Ra3-Resid/agricul
Bedrooms
20
Bathrooms
12
Full bathrooms
12
Rooms
Bedroom 17, Bedroom 1, Bathroom 7, Bedroom 16, Bedroom 15, Bedroom 9, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 12, Bedroom 5, Bedroom 12, Bedroom 13, Bathroom 3, Bedroom 7, Bathroom 10, Bathroom 9, Bedroom 19, Bathroom 8, Bedroom 18, Bathroom 2, Bedroom 14, Bedroom 2, Bedroom 4, Bathroom 6, Bedroom 10, Bedroom 3, Bedroom 20, Bedroom 11, Bathroom 11, Bedroom 6, Bedroom 8
Parking
8
Parking features
Off Street
Basement
Crawl Space
Accessibility
Accessible Approach with Ramp
Appliances
Separate Water Heaters
Subdivision
Linden Park-Bon
Lot features
Near Mall/ Shop, Near Schools
Elementary school
Linden Park 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
Woodruff and 9th St; west on 9th St; right on Oxford Dr to address.
Standard status
Active
APN
RPA1422008008A
Size
8,400 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 8-10, BLOCK 8, LINDEN PARK # 2 NE1/4, SEC 20, T 2N, R 38
Tax Annual Amount
7268
Legal Description
LOTS 8-10, BLOCK 8, LINDEN PARK # 2 NE1/4, SEC 20, T 2N, R 38
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
coin-operated laundry
rentable garages
storage units
Building Details
Year built
1958
Number of units
12
Building materials
Brick, Stucco
Roof type
Metal
Listing Agency:
Silvercreek Realty Group
(208) 523-6111
Listed By:
Jared Horsley · License #SP35321
(208) 705-7724
Added: Jul 17
Changed: Sep 2
Last Checked: Sep 8 at 10:06AM
MLS# 2186954
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 8,400-square-foot apartment building was constructed in 1958 on a 0.62-acre site. The property includes a mix of one-bedroom and two-bedroom units, along with coin-operated laundry, rentable garages, and separate storage units. Select residences have hardwood flooring, while others feature luxury vinyl plank flooring. Common entryways have received new carpet and fresh paint, and the exterior is scheduled for painting.
The building has brick and stucco construction, a metal roof, natural-gas heating, off-street parking, and an accessible approach with a ramp. Public water and public sewer serve the property, with City of Idaho Falls utilities available to tenants. The location is near shopping, schools, parks, and other amenities. Water heaters and furnaces throughout the property have been updated within the last 3 years.
The building has brick and stucco construction, a metal roof, natural-gas heating, off-street parking, and an accessible approach with a ramp. Public water and public sewer serve the property, with City of Idaho Falls utilities available to tenants. The location is near shopping, schools, parks, and other amenities. Water heaters and furnaces throughout the property have been updated within the last 3 years.
Key Highlights
- 8,400 square feet on a 0.62‑acre site
- Mix of 1‑bedroom and 2‑bedroom apartment units
- Coin‑operated laundry, rentable garages, and additional storage units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
$1.3M
Cap Rate 7%
$914,286
$914.3K
Cap Rate 9%
$711,111
$711.1K
Market Conditions
NOI Build-Up for 8,400 SF
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.
Gross rent
$121.0K $14.40/SF
− Vacancy
−$4.6K −$0.55/SF
EGI
$116.4K $13.85/SF
− OpEx
−$52.4K −$6.23/SF
NOI
$64.0K $7.62/SF
Area
Bonneville County, ID
Vacancy
3.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
Cap Rate 7%
$914,286
Cap Rate 9%
$711,111
Alternative Uses
Best Use
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,911 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
839
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with mixed one- and two-bedroom units, coin laundry, rentable garages, and additional storage.
Where is this apartment building located?
The property is located at 781 Oxford Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8,400 square feet on a 0.62‑acre site; Mix of 1‑bedroom and 2‑bedroom apartment units; Coin‑operated laundry, rentable garages, and additional storage units
