559 Colorado Ave Idaho Falls, ID 83402
This exceptional 1.45 million dollar investment opportunity presents three 80'x100' building pads ideally suited for multi-family development in Idaho Falls, Idaho. Located at 559 Colorado Ave, 83402, this property boasts a prime location near major national retailers and offers easy access to I-15, ensuring convenient access for future residents. The site plan and engineering work have been completed and are available upon request. The property is zoned for a total of 60 units, each approximately 1,142 square feet. City utilities are already in place on the site. This contiguous parcel offers the potential for additional units or storage facilities, providing flexibility for expansion and future development. The property's proximity to Yellowstone National Park (approximately 1.5 hours away) adds to its appeal and potential for attracting renters. This is a rare opportunity to acquire a well-positioned, ready-to-develop multi-family land parcel in a thriving Idaho Falls market. Don't miss out on this chance to build a significant rental portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.