3-Unit
New
For Sale
$325,000
798 Garfield Street, Idaho Falls, ID 83401
Residential Income, Idaho Falls, ID
Property Size1,834 SF
Lot Size0.41 Acres
Price / SF$177.21
Days on Market2
Property Features for 798 Garfield Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
General Zoning: If Residence 1, Specific Zoning: Idaho Falls-R1 Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1, Basement
Basement
Finished
Appliances
Common Water Heaters
Subdivision
Capitol Hill-Bon
Elementary school
Erickson 91EL
Middle school
Taylor View 91JH
High school
Idaho Falls 91HS
Directions
From Holmes right EAST on Cleveland turn north on N. Fanning (3rd Left) house is on the corner lot, parking is off street on Garfield.
Standard status
Active
APN
RPA00008176661
Size
1,834 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Exhibit A
Tax Annual Amount
1539
Legal Description
Exhibit A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1959
Number of units
3
Building materials
Stucco
Roof type
Metal
Listing Agency:
Real Broker LLC
(509) 990-2525
Listed By:
Dan Thomas · License #SP43305
(208) 360-1293
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 1:06PM
MLS# 2189658
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 1,834-square-foot triplex contains three occupied rental units on a 0.41-acre parcel in Idaho Falls. Built in 1959, the property has stucco construction, a metal roof, and natural gas forced-air heating.
Public water and public sewer serve the property. The three-unit configuration and existing occupancy are the primary features of this residential income property.
Public water and public sewer serve the property. The three-unit configuration and existing occupancy are the primary features of this residential income property.
Key Highlights
- Three rental units are occupied
- 1,834 square feet of building area
- 0.41‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,448
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,960
$309.0K
Cap Rate 7%
$220,686
$220.7K
Cap Rate 9%
$171,644
$171.6K
Market Conditions
NOI Build-Up for 1,834 SF
Gross rent
$23.1K $12.60/SF
− Vacancy
−$1.0K −$0.57/SF
EGI
$22.1K $12.03/SF
− OpEx
−$6.6K −$3.61/SF
NOI
$15.4K $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%
$308,960
Cap Rate 7%
$220,686
Cap Rate 9%
$171,644
Alternative Uses
Best Use
Multifamily LT 5
$220.7K
$193.1K – $257.5K
NOI $15,448 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$199.6K
$174.7K – $232.9K
NOI $13,973 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$405.2K
$354.6K – $472.7K
NOI $28,364 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
639
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - All three rental units are occupied, with public water and sewer service.
Where is this triplex located?
The property is located at 798 Garfield Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three rental units are occupied; 1,834 square feet of building area; 0.41‑acre parcel
