Duplex with Separate
For Sale
$265,000
166 Washington Ave, Pocatello, ID 83201
Two residential units offer separate utilities and on-site parking near ISU, downtown amenities, and local dining.
Property Size1,744 SF
Price / SF$151.95
Days on Market68
Property Features for 166 Washington Ave
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Silvercreek Realty Group
Listed By:
Jade Robinson · License #SP51461
(208) 523-6111
Source:
Noplacelikeidaho
Added: Jul 28
Changed: Sep 21
Last Checked: Oct 2 at 11:21PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains 1,744 square feet and is configured as a two-unit residential property. Each unit has separate utilities, while on-site parking supports day-to-day use. The property is occupied by long-term tenants, providing an established rental arrangement.
The location at 166 Washington Ave places the property near Idaho State University, downtown amenities, and local dining in Pocatello. Its central setting and existing tenant occupancy provide a straightforward option for acquiring a residential income property with established operations.
The location at 166 Washington Ave places the property near Idaho State University, downtown amenities, and local dining in Pocatello. Its central setting and existing tenant occupancy provide a straightforward option for acquiring a residential income property with established operations.
Key Highlights
- 1,744‑square‑foot duplex at 166 Washington Ave, Pocatello, ID 83201
- Built in 1925
- Separate utilities for the two residential 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
$11,767
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
4.44%
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%
$235,340
$235.3K
Cap Rate 7%
$168,100
$168.1K
Cap Rate 9%
$130,744
$130.7K
Market Conditions
NOI Build-Up for 1,744 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
$17.8K $10.20/SF
− Vacancy
−$978 −$0.56/SF
EGI
$16.8K $9.64/SF
− OpEx
−$5.0K −$2.89/SF
NOI
$11.8K $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%
$235,340
Cap Rate 7%
$168,100
Cap Rate 9%
$130,744
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,767 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$156.5K
$137.0K – $182.6K
NOI $10,958 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
816
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities and on-site parking near ISU, downtown amenities, and local dining.
Where is this duplex located?
The property is located at 166 Washington Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,744‑square‑foot duplex at 166 Washington Ave, Pocatello, ID 83201; Built in 1925; Separate utilities for the two residential units
