$675,000
$45K PRICE DROP

413 & 415 3rd Ave N Twin Falls, ID 83301

Estimated payment $3,956/month

Total Views 9,103
5 Beds
4 Baths
3,135 Sq Ft
$215 Price per Sq Ft

About This Home

Step into a smart addition to your investment portfolio with this well-maintained 4-plex located in the bustling heart of Downtown Twin Falls. This income-producing property is a turnkey opportunity for savvy investors seeking consistent returns and long-term growth potential. Gross Income $61,200 Key Features: Updated Systems: Newer gas furnace and central AC in the front home, reducing maintenance costs and ensuring tenant satisfaction. Desirable Location: Centrally located near downtown attractions, dining, and activities, with easy access to other key destinations across Twin Falls. Tenant Appeal: Mature trees, attractive landscaping, and a welcoming environment make this property highly rentable. Whether you're looking to diversify your portfolio or secure a high-demand rental asset, this property is poised to deliver strong ROI. Don’t miss your chance to capitalize on this exceptional opportunity!

Listing Agent

Ben Ramirez

Berkshire Hathaway HomeServices Idaho Homes & Properties Brokerage Phone: 208-733-5336 Listed on: 12/27/2024

Berkshire Hathaway HomeServices Idaho Homes & Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,656

Year Built

  • Built in 1937

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,135 Sq Ft Home
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Schools

  • Lincoln Elementary School
  • South Hills Middle School
  • Canyon Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • Operating Expense $3,600

Listing and Financial Details

  • Assessor Parcel Number RPT0001068006AA

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,656

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Year Built: 1937
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • CapRate: 7.6
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 208-733-5336
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas
  • Appliances: Disposal (No Units), Stove/Range (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 5
  • Living Area: 3135

Exterior Features

  • Roof: Composition
  • Foundation Details: Crawl Space

Garage/Parking

  • Total Parking Spaces: 5

Utilities

  • Cooling: Central Air, Some Units
  • Electric: 1500, Unit 1 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter
  • Laundry Features: Washer/Dryer Hookups (No Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Lincoln
  • Junior High Dist: Twin Falls School District #411
  • High School: Canyon Ridge
  • Middle Or Junior School: South Hills

Lot Info

  • Lot Features: 10000SF - .49, Sidewalks
  • Parcel Number: RPT0001068006AA
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 9147.6
  • Zoning Description: R-6 Residential Multi-Hou
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2656.04

Multi Family

  • Annual Operating Expense: 3600
  • Total Actual Rent: 5100
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,454 $433,793 $67,530 $366,263
2023 $2,502 $464,351 $67,530 $396,821
2022 $2,815 $458,661 $49,040 $409,621
2021 $3,444 $228,769 $41,067 $187,702
2020 $2,887 $189,268 $36,936 $152,332
2019 $3,210 $179,690 $30,158 $149,532
2018 $2,523 $134,752 $23,864 $110,888
2017 $2,179 $116,231 $23,864 $92,367
2016 $2,243 $111,919 $0 $0
2015 $2,183 $111,919 $23,864 $88,055
2012 -- $116,755 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2025 05/10/25 Price Changed $675,000 -6.3% $215 / Sq Ft
12/27/2024 12/27/24 For Sale $720,000 -- $230 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Alliance Title
Quit Claim Deed -- Alliance Title
Warranty Deed -- Titleone
Interfamily Deed Transfer -- Titlefact Inc
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,179 FHA
Open $412,392 FHA
Previous Owner $250,000 Future Advance Clause Open End Mortgage
Previous Owner $145,500 New Conventional
Previous Owner $172,000 New Conventional
Previous Owner $0 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: Intermountain MLS

MLS Number: 98931852

Intermountain MLS

APN: RPT0001068006AA