Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    856 E Carter St Pocatello, ID 83201

    Sponsored
    For Sale
    $1,100,000

    All Units-One Building, 5 - 10 Units - Pocatello, ID

    Property size:
    2,737 SF
    Lot size:
    0.25 Acres
    Days on Market:
    133
    Last Refresh:
    Feb 4 at 5:06 am

    Property Features for 856 E Carter St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    Size
    2,737 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1919
    Building materials
    Brick, Frame, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Teresa Robertson

    Keller Williams Realty East Idaho (208) 232-9010

    Listing agent Teresa Robertson (208) 232-9010

    Listing date Sep 25, 2025

    MLS# 580652 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Updated Multifamily Complex Near University

    This meticulously maintained 7-unit complex is located steps from Idaho State University and offers approximately 5,700 sq ft of fully furnished living space. Each unit has been thoughtfully updated, and the rent includes all utilities. Recent upgrades include new exterior paint, rain gutters, a brand-new roof, updated electrical and plumbing systems, and updated windows. Three kitchens are new, and all other kitchens and bathrooms have been modernized with contemporary finishes. Situated on a 0.25-acre lot, this turnkey property is ideal for investors seeking a strong rental history and immediate income in a high-demand location. The property is zoned for residential use and is located in Pocatello, Idaho.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bingham
    State
    Idaho
    Longitude
    -112.435645
    Latitude
    42.863929

    Nearby Similar for Sale

    • $409,900
      3,312 SF

      Spacious Home with Income Potential

      3300+ sqft home with rental income potential in Pocatello.
      1420 E Elm St, Pocatello, ID 83201
      View Details
    • New
      $349,900
      Pending

      Pocatello Brick Home with Apartment

      Brick home with basement apartment, views, and mature landscaping.
      458 Skyline Dr, Pocatello, ID 83204
      View Details
    • $225,000
      2,198 SF

      Pocatello Duplex: Investment Opportunity

      Versatile duplex with two private units, ideal for investors.
      507 N Lincoln Ave, Pocatello, ID 83204
      View Details
    • New
      $399,900
      2,016 SF

      Updated Duplex with Modern Finishes

      Spacious, updated duplex with modern finishes, ideal for owner-occupants.
      711 Franklin Ave, Pocatello, ID 83201
      View Details
    • $399,900
      2,016 SF

      Updated Duplex with Modern Finishes

      Spacious, updated duplex in Pocatello, ideal for owner-occupants or investors.
      711 Franklin Ave, Pocatello, ID 83201
      View Details
    • New
      $349,900
      2,612 SF

      Pocatello Duplex with Basement Apartment

      Brick duplex with remodeled basement apartment and mountain views.
      458 Skyline Dr, Pocatello, ID 83204
      View Details
    • $1,890,000
      42,780 SF

      Mixed-Use Building in Downtown Pocatello

      Income-producing property with residential, commercial, and basement space.
      310 E Center St, Pocatello, ID 83201
      View Details
    • $750,000
      4,412 SF

      Triplex Investment Opportunity in Pocatello

      Well-maintained triplex in Pocatello, ID, fully furnished and updated.
      1617 Monte Vista Dr, Pocatello, ID 83201
      View Details
    • $799,900
      5,472 SF

      Pocatello Commercial Building with Potential

      Well-maintained Pocatello building with multiple rooms, restrooms, and parking.
      427 N 4Th Ave, Pocatello, ID 83201
      View Details
    • $995,000
      2,470 SF

      Pocatello Restaurant with Drive-Through

      2,470 SF restaurant building with drive-through on Yellowstone Avenue.
      1138 Yellowstone Ave, Pocatello, ID 83201
      View Details
    • $225,000
      1,090 SF

      Pocatello Duplex with Income Potential

      Two 1-bedroom units, ideal for investors or owner-occupants.
      507 N Lincoln Ave, Pocatello, ID 83204
      View Details
    • $225,000
      1,292 SF

      Pocatello Duplex Near University

      Well-maintained duplex near Idaho State University with immediate income potential.
      1326 E Clark St, Pocatello, ID 83201
      View Details

    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained 7-unit complex near Idaho State University.
    Where is this apartment building located?
    The property is located at 856 E Carter St Pocatello, ID.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime Location: Steps from Idaho State University, ensuring high tenant demand.; - Turnkey Investment: Fully furnished 7-unit complex with a strong rental history and immediate income potential.; - Recent Upgrades: New roof, exterior paint, rain gutters, electrical, plumbing, and windows.
    (208) 406-3163
    Request Owner's contact information
    856 E Carter St Pocatello, ID 83201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    856 E Carter St
    Pocatello, ID 83201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    856 E Carter St Pocatello, ID 83201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Teresa Robertson
    (208) 406-3163
    Learn more
    Google sign-in failed. Please try again or use another login method.