Up/Down Duplex with Private
For Sale
$275,000
138 & 138 1/2 N 13th, Pocatello, ID 83201
Two-bedroom upper unit and one-bedroom lower unit share laundry in a two-level residential income property.
Property Size1,348 SF
Price / SF$204.01
Days on Market21
Property Features for 138 & 138 1/2 N 13th
General Information
Standard status
Active
Size
1,348 SF
Property subtype
Multi-Family
Units
Unit Mix
2BR up, 1BR down
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
shared laundry
private back yard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
ReMax Country Real Estate
Listed By:
Kenneth Swisher
(208) 234-8013
Source:
Signaturerealestateid
Added: Sep 13
Changed: Sep 28
Last Checked: Oct 2 at 11:00PM
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 ReMax Country Real Estate
Investment Insights
Based on property information with market context.
This 1,348-square-foot duplex at 138 & 138 1/2 N 13th in Pocatello is arranged as an upper two-bedroom unit and a lower one-bedroom unit. The property includes shared laundry, a private backyard, and owner-paid utilities. Built in 1930, the building offers a straightforward residential income configuration with separate living areas across two levels.
The property is near a hospital and ISU, placing it within reach of established institutional destinations. The address is in Pocatello, ID 83201, and the property has a reported rental history. Its existing layout supports both units within one duplex structure.
The property is near a hospital and ISU, placing it within reach of established institutional destinations. The address is in Pocatello, ID 83201, and the property has a reported rental history. Its existing layout supports both units within one duplex structure.
Key Highlights
- 1,348 SF up/down duplex at 138 & 138 1/2 N 13th, Pocatello, ID 83201
- Upper unit has 2 bedrooms; lower unit has 1 bedroom
- Owner pays all utilities
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
$9,095
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
3.31%
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%
$181,900
$181.9K
Cap Rate 7%
$129,929
$129.9K
Cap Rate 9%
$101,056
$101.1K
Market Conditions
NOI Build-Up for 1,348 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
$13.7K $10.20/SF
− Vacancy
−$756 −$0.56/SF
EGI
$13.0K $9.64/SF
− OpEx
−$3.9K −$2.89/SF
NOI
$9.1K $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%
$181,900
Cap Rate 7%
$129,929
Cap Rate 9%
$101,056
Alternative Uses
Best Use
Multifamily LT 5
$129.9K
$113.7K – $151.6K
NOI $9,095 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$121.0K
$105.9K – $141.2K
NOI $8,470 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$223.4K
$195.5K – $260.6K
NOI $15,636 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,123
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
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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-bedroom upper unit and one-bedroom lower unit share laundry in a two-level residential income property.
Where is this duplex located?
The property is located at 138 & 138 1/2 N 13th Pocatello, ID.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,348 SF up/down duplex at 138 & 138 1/2 N 13th, Pocatello, ID 83201; Upper unit has 2 bedrooms; lower unit has 1 bedroom; Owner pays all utilities
