This exceptional investment opportunity presents a 10-unit multifamily property located in Idaho Falls, ID, at 195 4th St, 83401. The property, totaling 7,349 square feet, comprises three buildings situated on a 0.29-acre lot. Built in 1929 and renovated in 1980, the property is classified as Class C and zoned for traditional neighborhood use. The asking price is $1,200,000, representing $120,000 per unit and $163.29 per square foot. The property boasts a mix of unit sizes, including one- and two-bedroom apartments, ranging from approximately 500 to 1100 square feet. Specific unit layouts include: 177 4th St (3bd/1ba, 1100 sq ft), 179 4th St (1bd/1ba, 700 sq ft), 181 4th St (2bd/1ba, 900 sq ft), 185 4th St (1bd/1ba, 625 sq ft), 187 4th St (1bd/1ba, 625 sq ft), 191 4th St (1bd/1ba, 550 sq ft), 195 4th St (2bd/1ba, 900 sq ft), 352 S Lee (1bd/1ba, 600 sq ft), 354 S Lee (1bd/1ba, 600 sq ft), and 356 S Lee (1bd/1ba, 500 sq ft). The property is currently 100% occupied and features seven garage stalls with additional monthly rental income. A private parking lot is also available. This property presents a significant value-add opportunity due to the potential for renovations and remodeling to increase rental income. Showings are available after acceptance of a Purchase and Sale Agreement
Highlights
100% Occupancy.
Value-add opportunity through renovation and remodeling.
Seven (7) garage stalls with additional monthly rent.
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Levi Magnusson
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195 4Th St, Idaho Falls, Idaho, 83401
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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195 4Th St
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