Two-Level Duplex with Separate
For Sale
$265,000
Pending
166 Washington, Pocatello, ID 83201
MULTI-FAMILY, All Units-One Building, Units Over and Under, Pocatello, ID
Property Size1,744 SF
Lot Size0.22 Acres
Days on Market259
Property Features for 166 Washington
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Subdivision
Fairview Townsite
Elementary school
Lewis & Clark
Middle school
Alameda
High school
Pocatello
Standard status
Pending
Size
1,744 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2229
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
Silvercreek Realty Group
(208) 234-9696
Listed By:
Mahrika Martinez
(208) 530-1007
Added: Jan 17
Changed: Sep 16
Last Checked: Oct 3 at 6:06PM
MLS# 581439
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 frame duplex contains 1,744 square feet within a 0.22-acre parcel, with one unit positioned above the other. The property includes four bedrooms and two bathrooms, forced-air heating, public water service, and separate utilities for the units. Built in 1925, it carries Residential zoning and provides parking on site.
The property is located in Pocatello near Idaho State University, downtown amenities, and local dining. Long-term tenants are in place, and the building’s two-unit configuration supports continued residential occupancy. The layout and separately metered utilities provide a straightforward setup for operating a small multifamily property.
The property is located in Pocatello near Idaho State University, downtown amenities, and local dining. Long-term tenants are in place, and the building’s two-unit configuration supports continued residential occupancy. The layout and separately metered utilities provide a straightforward setup for operating a small multifamily property.
Key Highlights
- Duplex with units arranged over and under within one building
- 1,744 square feet on a 0.22‑acre parcel
- Four bedrooms and two bathrooms
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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Open Analytics
Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex offering individual utilities, on-site parking, and a central Pocatello setting near ISU and downtown amenities.
Where is this duplex located?
The property is located at 166 Washington 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: Duplex with units arranged over and under within one building; 1,744 square feet on a 0.22‑acre parcel; Four bedrooms and two bathrooms
