Idaho Falls, ID Residential Income Properties for Sale

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Ammon, ID Iona, ID Shelley, ID Blackfoot, ID Ucon, ID Menan, ID Rigby, ID Lewisville, ID

27 properties

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Updated: Jul 17

16-Unit Apartment Complex

1460 Benton Street, Idaho Falls, ID 83401

$1,550,000

15,012 sqft 0.52 AC lot

16‑unit apartment complex on over 1/2 acre
Three separate 2‑story buildings
All units are 2‑bedroom, 1‑bath layout, including basement units with larger windows for added light
Some units offer private balconies, and there are fenced courtyard‑type units
Recent stucco refinishing plus brick and stucco exterior materials and membrane roof

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1460 Benton Street, Idaho Falls, ID 83401

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$114K
Annual
Price @ 7% Cap

$1.63M
Above asking
Property Type

Quadplex
Built 1966

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Updated: Jul 3

Multifamily Portfolio with Detached Garage

224 S Water Avenue, Idaho Falls, ID 83402

$1,100,000

5,900 sqft 0.36 AC lot

Multi‑family portfolio with 3 buildings at 224 S Water Ave, 240 S Water Ave, and 170 Maple St plus a detached 2‑stall garage
10 total units: 8 units currently active, including a cash‑flowing Airbnb unit; 2 additional units being marketed
Gross rent of $8,175/month ($98,100/year) reported at over a 7.12% cap rate; stabilized cap rate projected to almost 10% once filled
Total of 5,900 SF across the portfolio, with all units reported as move‑in ready and including a refrigerator and range
Separate buildings with off‑street parking and individual units; public water and public sewer

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Multifamily Property with Laundry

781 Oxford Drive, Idaho Falls, ID 83401

$1,395,000

8,400 sqft 0.62 AC lot

Multifamily building with 1- and 2-bedroom units, coin-operated laundry, and rentable garages and storage units.

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Brand-New Fourplex Property

2424 Virlow, Idaho Falls, ID 83401

$1,175,000

5,856 sqft 0.24 AC lot

New 2025 fourplex with four modern units, each with three bedrooms and an attached double-car garage.

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26-Unit Apartment Building

505 & 507 Tendoy Dr, Idaho Falls, ID 83401

Contact for pricing

For sale 26-unit multifamily property at 505 and 507 Tendoy Dr in Idaho Falls.

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Rebuilt 16-Unit Downtown Apartment

488 D Street, Idaho Falls, ID 83402

$2,650,000

12,300 sqft 0.40 AC lot

Fully rebuilt 16-unit apartment with new roof, electrical, plumbing, and modern finishes near the Snake River.

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Multi-Family Investment Quadplex

133 E 21st Street, Idaho Falls, ID 83404

$517,000

3,800 sqft 0.22 AC lot

Two dwellings on one lot provide four rental units with private entrances and fenced yards in a turnkey, income-producing setup.

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New Construction Duplex Townhome

1287-1297 Bear Avenue, Idaho Falls, ID 83402

$1,850,000

3,592 sqft 0.40 AC lot

New two-story duplex townhome offering 3 bedrooms and 2 bathrooms with an open-concept layout and no basement.

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Turnkey Restaurant with Liquor License

298 D Street, Idaho Falls, ID 83402

$1,750,000

9,400 sqft 0.45 AC lot

Downtown turnkey restaurant with active liquor license and equipped kitchen, plus an upstairs apartment for renovation.

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Renovated Apartment Building Near Riverwalk

350 E Street, Idaho Falls, ID 83402

$4,250,000

22,578 sqft 0.41 AC lot

Fully renovated 27-unit apartment building in downtown Idaho Falls.

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New Construction Townhome Duplex

1295/1297 Bear Avenue, Idaho Falls, ID 83402

$615,000

3,592 sqft 0.14 AC lot

Two-story duplex offers open-concept layouts with three bedrooms and two bathrooms per unit.

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Idaho Falls Turnkey Duplex

915 Ada Avenue, Idaho Falls, ID 83402

$399,000

2,020 sqft 0.14 AC lot

Updated duplex in Idaho Falls, ideal for investors or owner-occupants.

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Well-Maintained Duplex Income Property

801-803 S Skyline Drive, Idaho Falls, ID 83402

$375,000

2,288 sqft 0.19 AC lot

Two fully occupied units each offer two bedrooms, one full bath, a fireplace, and a dedicated 1-car garage.

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Downtown Triplex with Separate Utilities

1221 Sage Avenue, Idaho Falls, ID 83402

$395,000

3,424 sqft 0.16 AC lot

Well-maintained triplex with separate electric meters and heating for each unit, helping tenants manage their own utilities.

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Residential Income Property with ADU

805 K Street, Idaho Falls, ID 83402

$425,000

2,548 sqft 0.17 AC lot

Renovated, fully leased income property with main-level rents plus a separate-entry basement ADU and a detached shop.

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Updated Triplex with Detached Studio

437 W Crowley Street, Idaho Falls, ID 83402

$339,000

1,928 sqft 0.14 AC lot

Updated tri-plex offering two 2-bedroom units plus a detached studio, with owner-paid utilities and tenant utility reimbursements.

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Two-Unit Duplex with In-Unit Laundry

845 12th Street, Idaho Falls, ID 83404

$350,000

2,256 sqft 0.13 AC lot

Duplex with a 2-bedroom and a 3-bedroom unit, each with a laundry room, currently tenant-occupied.

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Fourplex with One-Bedroom Units

503 Gladstone Street, Idaho Falls, ID 83401

$325,000

2,442 sqft 0.11 AC lot

Four 1-bedroom, 1-bathroom units comprise this 4-plex investment property.

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Two-Story 4-Plex Investment

2400 Virlow, Idaho Falls, ID 83401

$1,200,000

5,856 sqft 0.24 AC lot

New 2025 two-story 4-plex with four units, each offering three bedrooms, a laundry area, and an attached double-car garage.

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Six-Unit Residential Income Property

601 John Adams Court, Idaho Falls, ID 83401

$1,100,000

6,048 sqft 0.15 AC lot

Six two-bedroom, one-bath units offer private decks, each with a detached two-car garage.

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Historic Apartment Building

525 Walnut Street, Idaho Falls, ID 83402

$1,750,000

15,867 sqft 0.29 AC lot

All-brick 27-unit apartment property with individual electric meters, electric heat, and on-site coin-operated laundry.

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New Duplex on Corner Lot

195-197 2nd Street, Idaho Falls, ID 83401

$675,000

3,880 sqft 0.19 AC lot

Newly built duplex on a corner lot with two-car garages per unit and three-bedroom, two-bath layouts.

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Classic Multi-Unit Investment Property

251 11th Street, Idaho Falls, ID 83403

$265,000

2,200 sqft 0.21 AC lot

Charming 4-unit property with income potential in Idaho Falls.

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Duplex with Fenced Yard

1305 Canal, Idaho Falls, ID 83402

$329,000

2,460 sqft 0.16 AC lot

Two-unit duplex near the green belt, with covered patio and fenced yard for tenant comfort and easy owner use.

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Idaho Falls, ID Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Idaho Falls, ID, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 154,536 square feet of properties for sale, with an estimated market value of $26,607,900.

Sale prices for residential income properties in Idaho Falls, ID start at $199,900, averaging $1,023,380, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 123K

Population Growth (5Y) +13.2%

Median Household Income $78,064

College Educated 24.9%

High-Yield Neighborhoods for Investment

Identify Idaho Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
83403	$265K
83404	$573.5K
83402	$1.2M
83401	$1.3M

Taxes & Financing

Tax Rate (average for all types) 2.06%

Property Tax per SF $44.22 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bonneville County

New Delisted

Total CRE Inventory on Market (SF)

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