TBD Vernon

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Address: Vernon Ave, Idaho Falls, ID 83401, USA
Seattle & Northwest + Land/Development
Created date: January 23, 2024
Date last updated: October 2, 2026
Price: $1,900,000Investment Analyzer NEW!
  • Four, high-density housing parcels available in a rapidly growing area of Idaho Falls.
  • Prime commercial/residential development opportunity.
  • LIHTC QTC track, offering a potential affordable housing development opportunity.
  • Close proximity to Interstate 15, Highway 26, and the area’s primary retail and service corridors.
  • Urban renewal assistance using tax increment financing may be available for this property through the Idaho Falls Redevelopment Agency. Visit: https://www.idahofallsidaho.gov/419/Idaho-Falls-Redevelopment-Agency for more information.

Property Description

Presenting an exceptional investment opportunity, four high-density housing parcels offer a strategic multifamily infill development opportunity in a rapidly growing area of Idaho Falls. The property is positioned for high-density residential development and is part of the LIHTC QTC track, creating potential for an affordable housing development strategy. Located near Interstate 15 and Highway 26, the site provides convenient access to Idaho Falls’ major retail, service, and employment corridors. Urban renewal assistance through tax increment financing may also be available through the Idaho Falls Redevelopment Agency, providing a potential additional incentive for qualifying development plans. With a high-density development designation, infill location, and potential access to affordable housing and urban renewal incentives, this property offers a well-positioned opportunity for multifamily developers seeking to capitalize on continued growth in Idaho Falls.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $1,900,000
Lot Size: 8.73 Acres
Opportunity Zone: No
Property Website Click Here
Address: TBD Vernon, Idaho Falls, ID 83401, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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