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Investment Highlights
- Located in Idaho Falls, a growing market supported by regional healthcare, energy sector, and strong employment base.
- Consolidated portfolio of 26 residential duplex units across established Idaho Falls neighborhoods.
- Professional management in place with low-maintenance duplex format and minimal shared spaces.
- All units feature individual mechanical systems, reducing shared maintenance costs and simplifying management.
Executive Summary
This 26-unit duplex portfolio in Idaho Falls offers investors a rare opportunity to acquire a stabilized, cash-flowing asset in an established residential market known for strong employment drivers and population growth. The portfolio spans three streets—Tendoy, Holbrook, and Linden—positioning the properties within desirable neighborhoods that have demonstrated consistent rental demand.
The offering generates an in-place NOI of approximately $241,680 and a normalized NOI of nearly $260,000 after one-time adjustments, translating to a 5% cap rate at the asking price. With occupancy over 96%, the asset benefits from long-term, stable tenants and a professional management structure already in place. Current rents average $1,165 per unit, presenting measurable upside potential with market rents averaging 7–12% higher, projecting an additional $48,300 in annual revenue.
Surrounded by key lifestyle amenities, healthcare employment centers, and large regional employers, Idaho Falls draws steady renter demand and low vacancy exposure. This opportunity also offers low operational intensity with duplex-style construction, limited turnover, and minimal common area maintenance. Combining reliable cash flow, room for rent growth, and market fundamentals, this portfolio serves as a high-quality addition for both seasoned and growth-oriented investors.
The offering generates an in-place NOI of approximately $241,680 and a normalized NOI of nearly $260,000 after one-time adjustments, translating to a 5% cap rate at the asking price. With occupancy over 96%, the asset benefits from long-term, stable tenants and a professional management structure already in place. Current rents average $1,165 per unit, presenting measurable upside potential with market rents averaging 7–12% higher, projecting an additional $48,300 in annual revenue.
Surrounded by key lifestyle amenities, healthcare employment centers, and large regional employers, Idaho Falls draws steady renter demand and low vacancy exposure. This opportunity also offers low operational intensity with duplex-style construction, limited turnover, and minimal common area maintenance. Combining reliable cash flow, room for rent growth, and market fundamentals, this portfolio serves as a high-quality addition for both seasoned and growth-oriented investors.
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Property Facts
| Price | $5,200,000 | Number of Properties | 13 |
| Price / SF | $155.22 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 33,500 SF |
| Sale Type | Investment | Total Land Area | 2.28 AC |
| Status | Active |
| Price | $5,200,000 |
| Price / SF | $155.22 / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 13 |
| Individually For Sale | 0 |
| Total Building Size | 33,500 SF |
| Total Land Area | 2.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 505-507 Tendoy Dr, Idaho Falls, ID 83401 | Multifamily | 2,700 SF | 1960 | - |
| 610-612 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,700 SF | 1960 | - |
| 530-532 Tendoy Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 555-557 Linden Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 560-562 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 575-577 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 575-577 Linden Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 590-592 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 605-607 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 675-677 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,600 SF | 1960 | - |
| 530-532 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,500 SF | 1960 | - |
| 525-527 Holbrook Dr, Idaho Falls, ID 83401 | Multifamily | 2,400 SF | 1960 | - |
| 525-527 Tendoy Dr, Idaho Falls, ID 83401 | Multifamily | 2,400 SF | 1960 | - |
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