Fantastic investment opportunity in the heart of Twin Falls! Tucked away in a quiet cul-de-sac, this well-maintained 4-plex offers a strong rental history and is currently fully occupied. Each single-level unit features 2 bedrooms, 1 bathroom and approximately 740 sq. ft., along with a covered front patio and private back patio and yard area. Mature landscaping adds to the property's appeal, while a full basement provides convenient access to each unit's individual furnace and water heater. Owner currently pays city water, sewer, trash and yard maintenance. Current rents produce an approximate 6.7% cap rate, with projected market rents bringing the potential cap rate to over 7.2%. A solid, income-producing property with room for future upside.
| MLS # | 98997509 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 13 |
| Listing Provided By | Berkshire Hathaway HomeServices Idaho Homes & Properties | Mandi Riddle |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,960 |
| Units | 4 |
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Appliances | Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units) |
| Laundry Features | Washer/Dryer Hookups (All Units) |
| Flooring | Laminate |
| Roof | Composition |
|---|---|
| Lot Features | 10000SF - .49 |
| Construction Materials | Brick, Frame, Vinyl Siding |
| Fencing | Partial |
| Utilities | Sewer Connected |
|---|---|
| Electric | Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter |
| Gas | Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 4175.82 |
| Tax Legal Description | TWIN FALLS ELMWOOD SUBD LOT 11; W 50' LOT 12 (10-10-17 SW) |
| State | ID |
|---|---|
| County | Twin Falls |
| City | Twin Falls |
| Zip Code | 83301 |
| Area | Twin Falls |
| School District | Twin Falls School District #411 |
| Elementary School | Sawtooth |
| High School | Twin Falls |
| Listing VS Median (in 83301) | |
Price: $769,500 low | high Med: $420,000 sqft: 3,960 low | high Med: 1,665 $ / sqft: $194 low | high Med: $252 On site: 13 low | high Med: 83 | |
| State | ID |
|---|---|
| County | Twin Falls |
| City | Twin Falls |
| Zip Code | 83301 |
| Area | Twin Falls |
| School District | Twin Falls School District #411 |
| Elementary School | Sawtooth |
| High School | Twin Falls |
| Listing VS Median (in 83301) | |
Price: $769,500 low | high Med: $420,000 sqft: 3,960 low | high Med: 1,665 $ / sqft: $194 low | high Med: $252 On site: 13 low | high Med: 83 | |