$857,000
$22K PRICE DROP

564 Blue Lakes Blvd S Twin Falls, ID 83301

Estimated payment $5,023/month

Total Views 6,826
9 Beds
5 Baths
4,825 Sq Ft
$178 Price per Sq Ft

Highlights

  • Popular Property
  • Lake, Pond or Stream
  • 2 Car Attached Garage
  • RV Access or Parking
  • Fireplace
  • Garden

About This Home

Excellent investment opportunity—rare multi-unit on acreage with upside! This 4-acre triplex just steps from town offers 3 separately metered, updated units with immediate income potential. NEW carpet in 2 units 7/20/25. Main home: 4 bed, 2 bath with fresh paint, updated systems, and nearly 1000 sf insulated garage—ideal for owner-occupant or premium rental. Above the garage is a 3 bed, 2 bath unit with its own utilities, deck, AC, updated kitchen, and fresh paint—perfect for long-term or Airbnb. The third unit is a 2 bed, 1 bath lava rock home with a new roof and solid rental history. Property features 3 septic systems, extra water shares, fenced pasture with pond, barn, greenhouse, outbuildings, and RV parking. Zoned R4 in county area of impact with room to expand. Let’s invest!

Listing Agent

Heidi Casdorph

Gateway Real Estate Brokerage Phone: 208-733-5600 Listed on: 05/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,309

Year Built

  • Built in 1948

Lot Details

  • Dog Run
  • Property is Fully Fenced
  • Wood Fence
  • Irrigation
  • Garden

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Home Design

  • Triplex
  • Wood Roof
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 4,825 Sq Ft Home
  • Fireplace
  • Vinyl Flooring
  • Crawl Space
  • Stove
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Schools

  • Oregon Trail Elementary School
  • South Hills Middle School
  • Twin Falls High School

Utilities

  • Forced Air Heating and Cooling System
  • Wood Insert Heater
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Well
  • Septic Tank
  • Cable TV Available

Additional Features

  • Lake, Pond or Stream
  • Livestock Fence

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number RP10S17E217280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,309

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1948
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Carport Y N: No
  • Garage Yn: Yes
  • Attribution Contact: 208-733-5600
  • Special Features: None

Interior Features

  • Heating: Baseboard, Forced Air, Natural Gas, Wood, Fireplace(s)
  • Appliances: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 9
  • Fireplace: Yes
  • Flooring: Vinyl
  • Living Area: 4825

Exterior Features

  • Roof: Composition, Metal, Wood
  • Fencing: Full, Fence/Livestock, Wood
  • Waterfront Features: Pond
  • Construction Type: Stone, Wood Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Two Car, Attached, RV Access/Parking
  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Sewer: Septic Tank
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
  • Water Source: Well
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Electricity Connected, Cable Connected

Schools

  • Elementary School: Oregon Trail
  • Junior High Dist: Twin Falls School District #411
  • High School: Twin Falls
  • Middle Or Junior School: South Hills

Lot Info

  • Lot Features: 1 - 4.99 Acres, Dog Run, Garden, Irrigation, R.V. Parking
  • Parcel Number: RP10S17E217280
  • Current Use: 2-4 Units
  • Zoning Description: R-4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3308.74

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 1250
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $3,029 $617,946 $89,673 $528,273
2023 $2,968 $655,497 $89,929 $565,568
2022 $4,171 $675,188 $76,561 $598,627
2021 $3,988 $523,985 $50,407 $473,578
2020 $3,252 $388,367 $50,925 $337,442
2019 $3,422 $382,104 $50,925 $331,179
2018 $4,128 $426,878 $50,925 $375,953
2017 $3,425 $368,185 $50,925 $317,260
2016 $2,646 $289,274 $0 $0
2015 $3,895 $289,274 $50,925 $238,349
2012 -- $241,058 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $857,000 -2.5% $222 / Sq Ft
05/16/2025 05/16/25 For Sale $879,000 +362.9% $227 / Sq Ft
10/01/2015 10/01/15 Sold -- -- --
08/13/2015 08/13/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $189,900 -- $45 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- First American Title
Trustee Deed $119,604 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $119,200 New Conventional
Previous Owner $224,000 Unknown
Source: Public Records

Similar Homes in Twin Falls, ID

  • 442 Locust St, Twin Falls, ID 83301

    $775,000

    • 9 Beds
    • 8 Baths
    • 4,576 Sq Ft
    • 442 Locust St
    • Twin Falls, ID

    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

    Aaron Miskin Keller Williams Sun Valley Southern Idaho

    Section Image
  • 149 Robbins Ave, Twin Falls, ID 83301

    $698,000

    • 8 Beds
    • 4 Baths
    • 3,216 Sq Ft
    • 149 Robbins Ave
    • Twin Falls, ID

    New updates in 2024, featuring a new roof, gutters with gutter guards, modern light fixtures, new doors, and more. Don’t miss this incredible chance to own a fully occupied 4-plex just minutes from the college campus with a projected 9.5% cap rate! Pro Forma, Rent Roll, & T12 available. This prime investment features four well-maintained units, each with established tenants in place, providing

    Aaron Miskin Keller Williams Sun Valley Southern Idaho

    Section Image
  • 147 Robbins Ave, Twin Falls, ID 83301

    $775,000

    • 8 Beds
    • 8 Baths
    • 3,600 Sq Ft
    • 147 Robbins Ave
    • Twin Falls, ID

    Remodeled in 2024, featuring a new roof, gutters with gutter guards, brand-new flooring, updated tile bathrooms, modern light fixtures, new doors, & whole exterior paint. Don’t miss this incredible chance to own a fully occupied 4-plex just minutes from the college campus with a projected 8.45% cap rate! Pro Forma, Rent Roll, & T12 available. This prime investment features four well-maintained

    Aaron Miskin Keller Williams Sun Valley Southern Idaho

    Section Image
  • 145 Robbins Ave, Twin Falls, ID 83301

    $775,000

    • 8 Beds
    • 8 Baths
    • 3,280 Sq Ft
    • 145 Robbins Ave
    • Twin Falls, ID

    Remodeled in 2024, featuring a new roof, gutters with gutter guards, brand-new flooring, updated tile bathrooms, light fixtures, new doors, and more. Don’t miss this incredible chance to own a fully occupied 4-plex just minutes from the college campus with a projected 8.32% cap rate! Pro Forma, Rent Roll, & T12 available. This prime investment property features four well-maintained units, each

    Aaron Miskin Keller Williams Sun Valley Southern Idaho

    Section Image
See All Homes in Twin Falls

Source: Intermountain MLS

MLS Number: 98948145

Intermountain MLS

APN: RP10S17E217280A

Idaho Twin Falls County Twin Falls 83301

564 Blue Lakes Blvd S, Twin Falls, ID

This home is located at 564 Blue Lakes Blvd S, Twin Falls, ID 83301 and is currently priced at $857,000, approximately $177 per square foot. This property was built in 1948. 564 Blue Lakes Blvd S is a home located in Twin Falls County with nearby schools including Oregon Trail Elementary School, South Hills Middle School, and Canyon Ridge 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.

Nearby Homes
Heidi Casdorph
Listing Agent
Heidi Casdorph
Section Image
Gateway Real Estate
(208) 328-5080