Updated Two-Unit
For Sale
$360,000
131 N 13th, Pocatello, ID 83201
MULTI-FAMILY, All Units-One Building, Units Over and Under, Pocatello, ID
Property Size2,248 SF
Lot Size0.14 Acres
Price / SF$160.14
Days on Market74
Property Features for 131 N 13th
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Subdivision
Pocatello Townsite
Elementary school
Jefferson
Middle school
Irving
High school
Pocatello
Standard status
Active
Size
2,248 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3160
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Roof type
Metal
Architectural style
Other
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Tony Green · License #1651
(208) 240-0900
Added: Jul 22
Changed: Sep 16
Last Checked: Oct 3 at 3:06AM
MLS# 583164
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 residential duplex contains two units arranged in an over-and-under configuration, with 2,248 square feet of total property size on a 0.14-acre lot. Recent updates include new flooring and fresh interior paint in both units. The building was constructed in 1950 with brick exterior walls, a metal roof, and forced-air heating. Two bathrooms and five bedrooms are identified in the property information.
The property is in Pocatello’s University Area, near Idaho State University and nearby parks, with walkable access to the university area and convenient freeway access. Residential zoning supports the property’s duplex use.
The property is in Pocatello’s University Area, near Idaho State University and nearby parks, with walkable access to the university area and convenient freeway access. Residential zoning supports the property’s duplex use.
Key Highlights
- Two‑unit duplex with over‑and‑under configuration
- 2,248 square feet on a 0.14‑acre lot
- New flooring and fresh interior paint in both units
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
$15,168
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
4.21%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,470
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 - Residential duplex with refreshed interiors, brick construction, and a two-level unit-over-unit layout.
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: Two‑unit duplex with over‑and‑under configuration; 2,248 square feet on a 0.14‑acre lot; New flooring and fresh interior paint in both units
