$775,000
$20K PRICE DROP

442 Locust St Twin Falls, ID 83301

Estimated payment $4,476/month

Total Views 4,027
9 Beds
8 Baths
4,576 Sq Ft
$169 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Forced Air Heating System
  • Property is Fully Fenced
  • Cooling System Mounted To A Wall/Window

About This Home

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.

Listing Agent

Aaron Miskin

Keller Williams Sun Valley Southern Idaho Brokerage Phone: 208-734-1991 Listed on: 04/10/2025

Keller Williams Sun Valley Southern Idaho

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,349

Year Built

  • Built in 1920

Lot Details

  • 0.39 Acre Lot
  • Property is Fully Fenced
  • Wire Fence

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 4,576 Sq Ft Home
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • RV Access or Parking

Schools

  • Morningside Elementary School
  • Oleary Middle School
  • Twin Falls High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number RPT05210000010

Community Details

Overview

  • Property has a Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $11,734
  • Gross Income $65,940
  • Net Operating Income $54,206

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,349

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • CapRate: 7
  • Ownership: Fee Simple
  • Subdivision Name: Calvert
  • Attribution Contact: 208-734-1991
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas, Wall Furnace
  • Appliances: Stove/Range (All Units), Refrigerator (All Units)
  • Total Bedrooms: 9
  • Flooring: Vinyl Sheet
  • Living Area: 4576

Exterior Features

  • Roof: Composition
  • Fencing: Full, Wire
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Parking Features: RV Access/Parking
  • Total Parking Spaces: 12

Utilities

  • Cooling: Wall/Window Unit(s), All Units
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Cable Connected

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Morningside
  • Junior High Dist: Twin Falls School District #411
  • High School: Twin Falls
  • Middle Or Junior School: OLeary

Lot Info

  • Lot Features: 10000SF - .49, R.V. Parking
  • Parcel Number: RPT05210000010
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 16988.4
  • Zoning Description: R4 Residential Med Dnsty

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2348.54

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 65940
  • Property Net Operating Income: 54206
  • Annual Operating Expense: 11734
  • Total Actual Rent: 5495
  • 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

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $775,000 -1.3% $169 / Sq Ft
06/03/2025 06/03/25 For Sale $785,000 0.0% $172 / Sq Ft
05/26/2025 05/26/25 Pending -- -- --
05/04/2025 05/04/25 Price Changed $785,000 -1.3% $172 / Sq Ft
04/10/2025 04/10/25 For Sale $795,000 -- $174 / Sq Ft
Source: Intermountain MLS

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See All Homes in Twin Falls

Source: Intermountain MLS

MLS Number: 98942412

Intermountain MLS

Idaho Twin Falls County Twin Falls 83301

442 Locust St, Twin Falls, ID

This home is located at 442 Locust St, Twin Falls, ID 83301 and is currently priced at $775,000, approximately $169 per square foot. This property was built in 1920. 442 Locust St is a home located in Twin Falls County with nearby schools including Bickel Elementary School, South Hills Middle School, and Twin Falls Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Intermountain MLS IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data.

Information provided by IMLS is deemed reliable but not guaranteed.

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Aaron Miskin
Listing Agent
Aaron Miskin
Section Image
Keller Williams Sun Valley Southern Idaho
(208) 328-5702