Four-Unit Quadplex Under
For Sale
$700,000
5400 Park Lawn, Chubbuck, ID 83202
MULTI-FAMILY, All Units-One Building, Units Over and Under, Chubbuck, ID
Property Size4,224 SF
Lot Size0.19 Acres
Price / SF$165.72
Days on Market215
Property Features for 5400 Park Lawn
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Residential
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bedroom 11, Bedroom 3, Bedroom 9, Bathroom 3, Bathroom 4, Bedroom 12, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 10, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 8
Elementary school
Ellis
Middle school
Alameda
High school
Highland
Subdivision
Chubbuck & North
Standard status
Active
Size
4,224 SF
Lot size
0.19 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
ReMax Country Real Estate
(208) 234-4444
Listed By:
Jeremy Briscoe · License #SP30778
(208) 206-4824
Added: Feb 19
Changed: Sep 16
Last Checked: Sep 22 at 7:06PM
MLS# 581692
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 quadplex is under construction as a single frame building containing four residential units. Each unit includes three bedrooms, one bathroom, and 1,056 square feet of living space, producing a combined property size of 4,224 square feet. Forced-air heating and public water service are specified, and the property is zoned Residential. The stated year built is 2026.
Located at 5400 Park Lawn in Chubbuck, Idaho, the property occupies a 0.19-acre parcel in Bannock County. All four units are contained within one building, with the layout arranged in upper and lower levels. The property classification is Quadplexes, providing a four-unit residential configuration under one roof.
Located at 5400 Park Lawn in Chubbuck, Idaho, the property occupies a 0.19-acre parcel in Bannock County. All four units are contained within one building, with the layout arranged in upper and lower levels. The property classification is Quadplexes, providing a four-unit residential configuration under one roof.
Key Highlights
- Four residential units in one building
- Four 3‑bedroom, 1‑bath units
- Each unit contains 1,056 square feet
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
$28,501
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
4.07%
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%
$570,020
$570.0K
Cap Rate 7%
$407,157
$407.2K
Cap Rate 9%
$316,678
$316.7K
Market Conditions
NOI Build-Up for 4,224 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
$43.1K $10.20/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$40.7K $9.64/SF
− OpEx
−$12.2K −$2.89/SF
NOI
$28.5K $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%
$570,020
Cap Rate 7%
$407,157
Cap Rate 9%
$316,678
Alternative Uses
Best Use
Multifamily LT 5
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$379.1K
$331.8K – $442.3K
NOI $26,540 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 83202, ID
24,441
Population
8,866
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
93%
High-School Grad
166.8 sq mi
ZIP Area
147
Density / Sq Mi
$68,118
Median Household Income
$39,341
Median Earnings
$941
Median Rent
$300,600
Median Home Value
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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?
Quadplex - Residential property with four three-bedroom, one-bath units and forced-air heating.
Where is this quadplex located?
The property is located at 5400 Park Lawn Chubbuck, ID.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four residential units in one building; Four 3‑bedroom, 1‑bath units; Each unit contains 1,056 square feet
