Updated Duplex with Attached
For Sale
$414,000
1222-1224 Holman Avenue, Pocatello, ID 83201
Residential Income, Pocatello, ID
Property Size2,900 SF
Lot Size0.23 Acres
Price / SF$142.76
Days on Market66
Property Features for 1222-1224 Holman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Bannock-Residential Suburban
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 3, Basement, Bathroom 2
Parking
2
Parking features
Off Street
Basement
Partial
Subdivision
Holman Addition-Ban
Lot features
Low Traffic, Near Mall/ Shop, Near Schools, Near University/ College
Elementary school
Syringa
Middle school
Alameda Middle School
High school
Highland
Directions
https://maps.app.goo.gl/GpLPmYPReVExPPj37
Standard status
Active
APN
RPHM2003100
Size
2,900 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S14-T6S-R34E Lot 17 (less S11'); S16' Lot 18, Block 2, Holman 2nd addn
Tax Annual Amount
3076
Legal Description
S14-T6S-R34E Lot 17 (less S11'); S16' Lot 18, Block 2, Holman 2nd addn
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1988
Number of units
2
Building materials
Frame, Brick
Listing Agency:
eXp Realty LLC
(208) 890-7776
Listed By:
Grider Peterson Real Estate Team
(208) 227-5389
Added: Jul 30
Changed: Sep 15
Last Checked: Oct 3 at 4:06AM
MLS# 2185407
Copyright © 2026 Snake River Regional MLS. 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 2,900-square-foot duplex contains two split-level residences, each measuring 1,450 square feet with three bedrooms and two bathrooms. Both units include a one-car attached garage, laundry hookups, and updated interiors featuring newer flooring, paint, appliances, lighting, garage doors, and dishwashers. The property has a brick exterior and was built in 1988.
Situated on a 0.23-acre lot at 1222-1224 Holman Avenue in Pocatello, the property has public water and public sewer service. Each residence is occupied, and tenants pay electricity while water is collected by the owner at a flat rate of $150. Off-street parking is also available.
Situated on a 0.23-acre lot at 1222-1224 Holman Avenue in Pocatello, the property has public water and public sewer service. Each residence is occupied, and tenants pay electricity while water is collected by the owner at a flat rate of $150. Off-street parking is also available.
Key Highlights
- Two‑unit duplex with 2,900 square feet total
- Each unit offers 1,450 square feet, 3 bedrooms, and 2 bathrooms
- Both residences include a 1‑car attached garage and laundry hookups
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
$19,567
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
4.73%
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%
$391,340
$391.3K
Cap Rate 7%
$279,529
$279.5K
Cap Rate 9%
$217,411
$217.4K
Market Conditions
NOI Build-Up for 2,900 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
$29.6K $10.20/SF
− Vacancy
−$1.6K −$0.56/SF
EGI
$28.0K $9.64/SF
− OpEx
−$8.4K −$2.89/SF
NOI
$19.6K $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%
$391,340
Cap Rate 7%
$279,529
Cap Rate 9%
$217,411
Alternative Uses
Best Use
Multifamily LT 5
$279.5K
$244.6K – $326.1K
NOI $19,567 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,221 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$480.5K
$420.5K – $560.6K
NOI $33,638 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
849
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two split-level residences offer updated interiors, private garages, and established occupancy in Pocatello.
Where is this duplex located?
The property is located at 1222-1224 Holman Avenue Pocatello, ID.
What is the asking price?
The asking price for this property is $414,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,900 square feet total; Each unit offers 1,450 square feet, 3 bedrooms, and 2 bathrooms; Both residences include a 1‑car attached garage and laundry hookups
