Updated University Area
For Sale
$360,000
131 N 13th, Pocatello, ID 83201
Two refreshed units near Idaho State University offer flexible residential income use.
Property Size2,248 SF
Price / SF$160.14
Days on Market86
Property Features for 131 N 13th
General Information
Standard status
Active
Size
2,248 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Premier Properties Real Estate Co.
Listed By:
Tony Green · License #1651
(208) 240-0900
Source:
Signaturerealestateid
Added: Jul 24
Changed: Oct 14
Last Checked: Oct 7 at 3:53PM
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 Real Estate Co.
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,248-square-foot duplex includes two residential units with refreshed interiors. New flooring and fresh paint have been added throughout both units, creating updated living spaces ready for occupancy. The two-unit configuration supports separate residential use within one property.
Key Highlights
- 2,248‑square‑foot duplex with two residential units
- New flooring installed in both units
- Fresh interior paint throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,168
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,360
$303.4K
Cap Rate 7%
$216,686
$216.7K
Cap Rate 9%
$168,533
$168.5K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$22.9K $10.20/SF
− Vacancy
−$1.3K −$0.56/SF
EGI
$21.7K $9.64/SF
− OpEx
−$6.5K −$2.89/SF
NOI
$15.2K $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 Rate 5%
$303,360
Cap Rate 7%
$216,686
Cap Rate 9%
$168,533
Alternative Uses
Best Use
Multifamily LT 5
$216.7K
$189.6K – $252.8K
NOI $15,168 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$201.8K
$176.6K – $235.4K
NOI $14,125 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed units near Idaho State University offer flexible residential income use.
Where is this duplex located?
The property is located at 131 N 13th Pocatello, ID.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,248‑square‑foot duplex with two residential units; New flooring installed in both units; Fresh interior paint throughout both units
