Duplex with Separate
New
For Sale
$395,000
915 Ada Avenue, Idaho Falls, ID 83402
Two independently accessed residences offer distinct kitchens, living areas, and bedroom-bathroom layouts.
Property Size2,020 SF
Price / SF$195.54
Days on Market4
Property Features for 915 Ada Avenue
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,457
Building Details
Building Size
2,020 SF
Year Built
1970
Buildings
1
Listing Agency:
eXP Realty Luxury
Listed By:
Abigail Martin · License #SP51708
(503) 975-1761
Source:
Abigailmartinrealty
Added: Oct 26
Last Checked: Oct 26 at 2:49PM
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 eXP Realty Luxury
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Investment Insights
Based on property information with market context.
This 2,020-square-foot duplex, built in 1970, contains two separate residences with individual entrances. The upper unit has three bedrooms, two bathrooms, an open-concept living area, a remodeled kitchen, and updated bathrooms. The lower unit includes two bedrooms, one bathroom, a private living area, and its own kitchen and entrance. Both units have refreshed interiors and newer flooring.
The property is minutes from Melaleuca Field, the Snake River Greenbelt, and downtown Idaho Falls, with its dining, shopping, parks, and entertainment. Schools and commuter routes are also described as easily accessible.
The property is minutes from Melaleuca Field, the Snake River Greenbelt, and downtown Idaho Falls, with its dining, shopping, parks, and entertainment. Schools and commuter routes are also described as easily accessible.
Key Highlights
- Two‑unit duplex with separate entrances
- Upper residence: 3 bedrooms, 2 bathrooms, open‑concept living area and remodeled kitchen
- Lower residence: 2 bedrooms, 1 bathroom, private living area and separate kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,015
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,300
$340.3K
Cap Rate 7%
$243,071
$243.1K
Cap Rate 9%
$189,056
$189.1K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$25.5K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$24.3K $12.03/SF
− OpEx
−$7.3K −$3.61/SF
NOI
$17.0K $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%
$340,300
Cap Rate 7%
$243,071
Cap Rate 9%
$189,056
Alternative Uses
Best Use
Multifamily LT 5
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$219.9K
$192.4K – $256.5K
NOI $15,390 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$446.3K
$390.5K – $520.7K
NOI $31,241 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
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 - Two independently accessed residences offer distinct kitchens, living areas, and bedroom-bathroom layouts.
Where is this duplex located?
The property is located at 915 Ada Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with separate entrances; Upper residence: 3 bedrooms, 2 bathrooms, open‑concept living area and remodeled kitchen; Lower residence: 2 bedrooms, 1 bathroom, private living area and separate kitchen
