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8-Unit Multi Family Property 442 Locust St 8 Unit Apartment Building $775,000 ($96,875/Unit) 7% Cap Rate Twin Falls, ID 83301
INVESTMENT HIGHLIGHTS
- Projected cap rate of 8% with room for updates & blue sky to push the cap to 10% or more!!
EXECUTIVE SUMMARY
Updates in 2024 featuring a new roof & gutters with gutter guards. Projected cap rate of 8% with room for updates & blue sky to push the cap to 10% or more!! Discover a rare opportunity to own a well-maintained 8-unit multifamily property in a high-demand neighborhood. Ideally located next to a beautiful community park and just minutes from local schools, this income-generating property is perfectly positioned to attract long-term tenants seeking convenience, comfort, and quality of life. This 8-plex is an excellent choice for investors seeking steady cash flow, low turnover, and long-term growth potential. Whether you're looking to expand your portfolio or secure a turnkey investment in a family-friendly area, this property is a must-see. Additional Multi-Family units available separately or combined at 145, 147, 149 Robbins Ave. Interior photos available upon request -- Pro Forma, Rent Roll, and P&L are available.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $775,000 | Building Class | C |
| Price Per Unit | $96,875 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 4,576 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.62/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 - Residential | ||
| Price | $775,000 |
| Price Per Unit | $96,875 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 4,576 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2024 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | R-4 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Carpet
- Basement
- Family Room
- Lawn
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $712.50 | 300 - 664 |
| 2+1 | 1 | $787.50 | 660 |
PROPERTY TAXES
| Parcel Number | RPT05210000010A | Total Assessment | $220,442 (2025) |
| Land Assessment | $68,999 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $151,443 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
RPT05210000010A
Land Assessment
$68,999 (2025)
Improvements Assessment
$151,443 (2025)
Total Assessment
$220,442 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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8-Unit Multi Family Property | 442 Locust St
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