Building Details

Year Built 1925

Listing Agency: Silvercreek Realty Group

Listed By: Jade Robinson · License #SP51461 Show Phone

Source: Noplacelikeidaho

Added: Jul 28 Changed: Oct 7 Last Checked: Oct 16 at 12:21PM

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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.

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 / Yr

$11,767

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$235,340 $235.3K

Cap Rate 7%

$168,100 $168.1K

Cap Rate 9%

$130,744 $130.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,744 SF

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 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 (±1% cap)

NOI $11,767 @ 7.0% cap · market cap 4.44%

Second Best

Apartment 5plus

$156.5K

$137.0K – $182.6K (±1% cap)

NOI $10,958 @ 7.0% cap · market cap 4.14%

Theoretical Best

Office A

$289.0K

$252.9K – $337.2K (±1% cap)

NOI $20,229 @ 7.0% cap · market cap 7.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Florist Butcher Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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