Renovated 5-Bedroom
New
For Sale
$395,000
915 Ada Avenue, Idaho Falls, ID 83402
Residential Income, Idaho Falls, ID
Property Size2,020 SF
Lot Size0.14 Acres
Price / SF$195.54
Days on Market2
Property Features for 915 Ada 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
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Basement, Bedroom 3, Bedroom 1
Interior features
Newly Renovated
Basement
Finished, Full, Daylight
Appliances
Dishwasher, Microwave, Refrigerator, Oven, Stove
Subdivision
Highland Park-Bon
Lot features
Established Lawn
Elementary school
Bush 91EL
Middle school
Eagle Rock 91JH
High school
Skyline 91HS
Directions
Use GPS
Standard status
Active
APN
RPA1040079004A
Size
2,020 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 4-5, BLOCK 79, HIGHLAND PARK NW1/4, SEC 18, T 2N, R 38
Tax Annual Amount
1457
Legal Description
LOTS 4-5, BLOCK 79, HIGHLAND PARK NW1/4, SEC 18, T 2N, R 38
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless, Zoned
Water source
Public
Building Details
Year built
1970
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Metal
Listing Agency:
eXp Realty LLC
Listed By:
Annalee Bauer
(208) 890-7776
Added: Oct 18
Last Checked: Oct 19 at 5:06PM
MLS# 2189889
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 duplex contains 2,020 square feet across two independent units. The upper residence has three bedrooms, two bathrooms, an open living area, and a remodeled kitchen. The lower unit includes two bedrooms, one bathroom, a separate living area, its own kitchen, and an independent entrance. Both homes have refreshed interiors and newer flooring, with ductless heating and cooling.
Set on a 0.14-acre lot in Idaho Falls, the property was built in 1970 and has a metal roof, frame construction, and vinyl siding. Public water and sewer serve the property. The separate layouts support a range of residential arrangements, including occupancy of one unit while leasing the other or renting both.
Set on a 0.14-acre lot in Idaho Falls, the property was built in 1970 and has a metal roof, frame construction, and vinyl siding. Public water and sewer serve the property. The separate layouts support a range of residential arrangements, including occupancy of one unit while leasing the other or renting both.
Key Highlights
- Two units with separate entrances
- Upper unit: 3 bedrooms and 2 bathrooms
- Lower unit: 2 bedrooms and 1 bathroom
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.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexibility for owner occupancy or rental use.
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 units with separate entrances; Upper unit: 3 bedrooms and 2 bathrooms; Lower unit: 2 bedrooms and 1 bathroom
