Updated Brick
For Sale
$414,000
1224 Holman Ave, Pocatello, ID 83402
Two split-level residences offer updated interiors, attached garages, and three-bedroom layouts suited to rental occupancy.
Property Size2,900 SF
Price / SF$142.76
Days on Market52
Property Features for 1224 Holman Ave
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1988
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
eXp Realty LLC
Listed By:
Jason Grider · License #SP40801
(208) 313-2003
Source:
Signaturerealestateid
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 5 at 10:56PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1988, this 2,900-square-foot duplex contains two 1,450-square-foot residences. Each unit uses a split-level layout with 3 bedrooms, 2 bathrooms, and a 1-car attached garage. The brick exterior provides a durable finish, while interior improvements include new flooring, fresh paint, updated appliances, modern lighting, new garage doors, and a dishwasher added to each residence.
The property is located at 1224 Holman Ave in Pocatello, near grocery stores, retail centers, dining, and other everyday services. Both units have been consistently occupied, and tenants pay electricity. Water is collected by the owner through a flat utility arrangement, supporting straightforward management of the property.
The property is located at 1224 Holman Ave in Pocatello, near grocery stores, retail centers, dining, and other everyday services. Both units have been consistently occupied, and tenants pay electricity. Water is collected by the owner through a flat utility arrangement, supporting straightforward management of the property.
Key Highlights
- Two‑unit duplex totaling 2,900 square feet
- Each residence measures 1,450 square feet with 3 bedrooms and 2 bathrooms
- Split‑level layouts with a 1‑car attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,427
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,540
$488.5K
Cap Rate 7%
$348,957
$349.0K
Cap Rate 9%
$271,411
$271.4K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$36.5K $12.60/SF
− Vacancy
−$1.6K −$0.57/SF
EGI
$34.9K $12.03/SF
− OpEx
−$10.5K −$3.61/SF
NOI
$24.4K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,540
Cap Rate 7%
$348,957
Cap Rate 9%
$271,411
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
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 split-level residences offer updated interiors, attached garages, and three-bedroom layouts suited to rental occupancy.
Where is this duplex located?
The property is located at 1224 Holman Ave 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 totaling 2,900 square feet; Each residence measures 1,450 square feet with 3 bedrooms and 2 bathrooms; Split‑level layouts with a 1‑car attached garage for each unit
