About 442 Locust St
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.
Features of 442 Locust St
| MLS® # | 98942412 |
|---|---|
| Price Per SQFT | $169 |
| Bedrooms | 9 |
| Bathrooms | 8.00 |
| Square Footage | 4,576 |
| Acres | 0.39 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Listing Map
Community Information
| Address | 442 Locust St |
|---|---|
| Area | Twin Falls - 2015 |
| Subdivision | Calvert |
| City | Twin Falls |
| County | Twin Falls |
| State | ID |
| Zip Code | 83301 |
Amenities
| Utilities | Sewer Connected, Cable Connected |
|---|---|
| Parking Spaces | 12 |
| Parking | RV Access/Parking |
| Is Waterfront | No |
| Has Pool | No |
| RV/Boat Parking | Yes |
Interior
| Appliances | Stove/Range (All Units), Refrigerator (All Units) |
|---|---|
| Heating | Forced Air, Natural Gas, Wall Furnace |
| Cooling | Wall/Window Unit(s), All Units |
| Fireplace | No |
Exterior
| Lot Description | 10000SF - .49, R.V. Parking |
|---|---|
| Roof | Composition |
| Foundation | Crawl Space |
School Information
| District | Twin Falls School District #411 |
|---|---|
| Elementary | Morningside |
| Middle | OLeary |
| High | Twin Falls |
Additional Information
| Date Listed | April 10th, 2025 |
|---|---|
| Days on Market | 196 |
| Zoning | R4 Residential Med Dnsty |
| Property Taxes | $2,349 |
| Tax Year | 2024 |
| Office | Keller Williams Sun Valley Southern Idaho |
| Contact Info | telleriasl@gmail.com |
Price History
| Price Reduced from $785,000 to $775,000 | ↓ $10,000 (1.27%) | |
| 04/10/2025 | Listed for sale at $785,000 |