4-Unit Quadplex with Private
New
For Sale
$679,999
2012 Brock Dr, Pocatello, ID 83201
MULTI-FAMILY, All Units-One Building, Pocatello, ID
Property Size4,224 SF
Lot Size0.12 Acres
Price / SF$160.98
Days on Market3
Property Features for 2012 Brock Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 10, Bedroom 3, Bedroom 11, Bedroom 6, Bathroom 4, Bedroom 7, Bedroom 12, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 1
Elementary school
Wilcox
Middle school
Hawthorne
High school
Pocatello
Subdivision
North Pocatello
Standard status
Active
Size
4,224 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
2026
HOA Fee
$120 Monthly
Utilities
Heating system
Baseboard
Cooling system
Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2024
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
ReMax Country Real Estate
(208) 234-4444
Listed By:
Garret Durrant
(208) 317-1305
Added: Oct 1
Last Checked: Oct 3 at 4:06PM
MLS# 583751
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.
Completed in 2024, this 4,224-square-foot quadplex contains four residences, each with an open-concept layout and its own entrance. The building is frame construction, with baseboard heating, wall/window air conditioning, and public water service. The property occupies a 0.12-acre parcel and is zoned Residential.
All four units are currently occupied and professionally managed.
All four units are currently occupied and professionally managed.
Key Highlights
- Four residences, each with a private entrance
- 4,224 square feet of building area
- Built in 2024
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
$28,501
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
4.19%
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%
$570,020
$570.0K
Cap Rate 7%
$407,157
$407.2K
Cap Rate 9%
$316,678
$316.7K
Market Conditions
NOI Build-Up for 4,224 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
$43.1K $10.20/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$40.7K $9.64/SF
− OpEx
−$12.2K −$2.89/SF
NOI
$28.5K $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%
$570,020
Cap Rate 7%
$407,157
Cap Rate 9%
$316,678
Alternative Uses
Best Use
Multifamily LT 5
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$379.1K
$331.8K – $442.3K
NOI $26,540 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
72
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied and handled by a professional management team.
Where is this quadplex located?
The property is located at 2012 Brock Dr Pocatello, ID.
What is the asking price?
The asking price for this property is $679,999.
What are key features of this property?
This property features: Four residences, each with a private entrance; 4,224 square feet of building area; Built in 2024
