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

5beds
4baths
3,135sqft
$619,000
$197price/sqft
$3,823/moest. monthly cost
$152,920/yrincome needed

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!

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
74
BikeVery Bikeable

Schools

2/10
Lincoln Elementary SchoolGrades PK-50.2 mi
3/10
2/10
Canyon Ridge High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1937

Materials

  • Foundation: Crawl Space
  • Roof: Composition

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Disposal (No Units),Stove/Range (All Units),Washer/Dryer (No Units)
  • Laundry features: Washer/Dryer Hookups (No Units)

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Unit 1 Baths: 1,Unit 2 Baths: 1,Unit 3 Baths: 1,Unit 4 Baths: 1

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Varies by Unit

Interior Area

  • Total structure area: 3,135
  • Total interior livable area: 3,135 sqft

Property

Details

  • Parcel number: RPT0001068006AA
  • Zoning: R-6 Residential Multi-Hou

Lot

  • Lot size: 9,147 sqft
  • Features: 10000SF - .49,Sidewalks

Parking

  • Total spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Lightning

FEMA Declared Disasters in Twin Falls County and Idaho

Fire
Mud Landslide

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,130$37,560
Home Insurance $188$2,256
Property Taxes $314$3,768
Electricity $191$2,299
Total$3,823$45,876

Income You'd Need if You Spent...

35% on housing$131,074/yr
40% on housing$114,690/yr
45% on housing$101,946/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: -0.1%
-0.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$197This listing

vs Other Active Listings

Avg $/sqft

ZIP 83301$231
Twin Falls County$256

vs Homes Sold Last Month

Median $/sqft

ZIP 83301$231
Twin Falls County$240

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentBen Ramirez
BrokerageBerkshire Hathaway HomeServices Idaho Homes & Properties

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