Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sixteen-Unit Apartment Complex For Sale Title is generated by Realmo AI

    1227 South 4th Avenue, Pocatello, ID 83201

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Sixteen-unit apartment complex in excellent condition, ideal for investment.

    Type:Multifamily
    Property size:
    10,752 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $209/SF
    Added:
    May 21, 2026
    Days on Market:
    13
    Last Refresh:
    May 27 at 8:18 am

    Property Features for 1227 South 4th Avenue

    General Information

    Standard status
    Active
    Size
    10,752 SF
    Lot size
    0.48 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Greg Johnston
    Greg Johnston

    Listing agent Greg Johnston License #SP23782

    Listing office Premier Properties

    Listing date May 21, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Properties

    HighLights

    • 100% Occupancy Rate
    • Turn‑Key Investment Property
    • Below Recent Appraisal Price
    • Monthly Income of $15,550
    • Updated Apartments with New Cabinets, Flooring, Shower Surrounds, etc.
    • University Area Location

    Overview

    This apartment complex features sixteen units, distributed across four separate fourplex buildings. The property is in very good condition and offers a turnkey investment opportunity. Each apartment includes two bedrooms and one bathroom. The monthly income totals $15,550, with most units renting for $975 and one unit at $925. Tenants are responsible for paying their electricity. Many of the apartments have been updated with new cabinets, flooring, and shower surrounds. The buildings feature vinyl siding, vinyl windows, and metal roofs. Ample parking is available on the large 0.48-acre lot, which also includes a sprinkler system. The property maintains 100% occupancy at the time of listing. Additional amenities include a common laundry area and a storage area for each tenant. Located in the university area, this property is priced below a recent appraisal.
    Location Intelligence

    Current Use by Public Records

    Haul Away Junk ... Trucking Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bingham
    State
    Idaho
    Longitude
    -112.434772
    Latitude
    42.857382

    Nearby Similar for Sale

    • $999,999
      5,750 SF

      Pocatello Commercial Building on Yellowstone

      5,500 sq ft commercial building on Yellowstone Ave.
      338 Yellowstone, Pocatello, ID 83201
      View Details
    • $1,000,000
      16,540 SF

      Pocatello Industrial Property with Warehouse

      Industrial property featuring a warehouse and office building.
      1921 N Harrison, Pocatello, ID 83204
      View Details
    • $550,000
      5,180 SF

      Pocatello Investment Property For Sale

      Commercial real estate investment property with leases in place until 2029.
      240 N 18th, Pocatello, ID 83201
      View Details
    • $450,000
      8,750 SF

      Pocatello Industrial Building For Sale

      Industrial building with loading dock and remodeled office area.
      1919 N Harrison, Pocatello, ID 83204
      View Details
    • $475,000
      4,143 SF

      Pocatello Commercial Property For Sale

      Commercial property on over an acre, suitable for office use.
      844 Mckinley Avenue, Pocatello, ID 83201
      View Details
    • $365,000
      2,000 SF

      Pocatello Commercial Shop and Yard

      Well-equipped shop with secure yard near highway access.
      4555 S 5th Avenue, Pocatello, ID 83201
      View Details
    • $725,000
      6,000 SF

      Turnkey Automotive Repair Facility

      Well-maintained Pocatello automotive repair facility with high visibility and easy access.
      707 W Maple St, Pocatello, ID 83201
      View Details
    • $365,000
      2,000 SF

      Pocatello Shop with Secure Yard

      Well-equipped shop with secure yard near highway access.
      4555 S 5th Avenue, Pocatello, ID 83201
      View Details
    • $475,000
      4,143 SF

      Pocatello Commercial Property on Acreage

      Commercial property on over an acre suitable for office use.
      844 McKinley, Pocatello, ID 83201
      View Details
    • $2,609,000
      6,360 SF

      New Construction Townhouse Investment Opportunity

      Nine townhouses, each with four bedrooms and two bathrooms.
      3780 PHILBIN ROAD #41-49, Pocatello, ID 83202
      View Details
    • $950,000
      6,254 SF

      Turnkey Auto Body & Paint Facility

      Fully equipped auto body and paint facility for sale.
      796 W Maple, Pocatello, ID 83201
      View Details
    • $714,900
      13,822 SF

      Iconic Pocatello Bar and Restaurant

      Turn-key bar and restaurant with investment opportunities.
      251 E Center, Pocatello, ID 83201
      View Details

    FAQs

    What type of property is this?
    Apartment building - Sixteen-unit apartment complex in excellent condition, ideal for investment.
    Where is this apartment building located?
    The property is located at 1227 South 4th Avenue Pocatello, ID.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 100% Occupancy Rate; Turn‑Key Investment Property; Below Recent Appraisal Price
    (208) 680-4734 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Johnston
    Greg Johnston
    Real Estate License ID: SP23782
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1227 South 4th Avenue, Pocatello, ID 83201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!