Triplex with Commercial
For Sale
$300,000
439 E Wyeth, Pocatello, ID 83201
MULTI-FAMILY, Units Over and Under, Pocatello, ID
Property Size1,988 SF
Lot Size0.04 Acres
Price / SF$150.91
Days on Market78
Property Features for 439 E Wyeth
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Commercial General
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Elementary school
Washington
Middle school
Irving
High school
Pocatello
Subdivision
University Area
Standard status
Active
Size
1,988 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1972
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1925
Building materials
Frame
Architectural style
Other
Listing Agency:
Idaho Falls Real Estate Investment Brokerage
(208) 421-1191
Listed By:
Jennifer Pearson · License #SP51209
(208) 406-4671
Added: Jul 18
Changed: Sep 16
Last Checked: Oct 3 at 7:06PM
MLS# 583136
Copyright © 2026 Greater Pocatello Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,988-square-foot triplex combines two residential apartments with a commercial garage that is currently rented. The upper apartment contains two bedrooms and one bathroom, while the lower apartment offers one bedroom and one bathroom. The upper unit is vacant, creating flexibility for an owner-occupant or a new tenant. Recent work includes paint and flooring updates, along with a new roof completed this summer.
Built in 1925, the frame property sits on a 0.04-acre lot and uses baseboard heating with public water service. The property is zoned Commercial General and is located in Pocatello, Idaho.
Built in 1925, the frame property sits on a 0.04-acre lot and uses baseboard heating with public water service. The property is zoned Commercial General and is located in Pocatello, Idaho.
Key Highlights
- Triplex with 1,988 square feet on a 0.04‑acre lot
- Upper apartment offers 2 bedrooms and 1 bathroom
- Lower apartment includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,414
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,280
$268.3K
Cap Rate 7%
$191,629
$191.6K
Cap Rate 9%
$149,044
$149.0K
Market Conditions
NOI Build-Up for 1,988 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.3K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$19.2K $9.64/SF
− OpEx
−$5.7K −$2.89/SF
NOI
$13.4K $6.75/SF
Area
Bannock County, ID
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,280
Cap Rate 7%
$191,629
Cap Rate 9%
$149,044
Alternative Uses
Best Use
Multifamily LT 5
$191.6K
$167.7K – $223.6K
NOI $13,414 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$178.4K
$156.1K – $208.2K
NOI $12,491 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$329.4K
$288.2K – $384.3K
NOI $23,059 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 83201, ID
38,921
Population
15,885
Households
2.5
Avg Household Size
33
Median Age
34%
College-Educated
94%
High-School Grad
34.2 sq mi
ZIP Area
1,138
Density / Sq Mi
$63,209
Median Household Income
$34,118
Median Earnings
$905
Median Rent
$256,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Two residential apartments accompany a rented commercial garage, with recent interior updates and a new roof.
Where is this triplex located?
The property is located at 439 E Wyeth Pocatello, ID.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Triplex with 1,988 square feet on a 0.04‑acre lot; Upper apartment offers 2 bedrooms and 1 bathroom; Lower apartment includes 1 bedroom and 1 bathroom
