3-Unit Multifamily
For Sale
$660,000
Pending
206 225 230 La Valle Strada, Pocatello, ID 83201
MULTI-FAMILY, Separate Buildings, Pocatello, ID
Property Size3,711 SF
Lot Size0.12 Acres
Days on Market101
Property Features for 206 225 230 La Valle Strada
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bathroom 6, Bedroom 7, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 1, Bedroom 3
Lot features
Interstate Exit/ Access, Near Schools, Near University/ College
Elementary school
Green Acres
Middle school
Franklin
High school
Century
Subdivision
University Area
Standard status
Pending
Size
3,711 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
631692
HOA Fee
$195 Monthly
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Sun Valley Southern Idaho · Keller Williams Realty
(208) 734-1991
Listed By:
Molly Waters · License #SP46505
(208) 420-8480
Added: Jun 19
Changed: Sep 16
Last Checked: Sep 27 at 1:06PM
MLS# 582855
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 multifamily offering includes three residential units situated in separate frame buildings. The improvements total 3,711 square feet on a 0.12-acre parcel and were built in 2003. The property includes 9 bedrooms and 6 bathrooms, with forced-air heating, central air conditioning, and public water service.
The buildings are located at 206, 225, and 230 La Valle Strada in Pocatello, Idaho 83201. All three units are currently rented, providing an existing occupied configuration for an investor evaluating a small residential income property.
The buildings are located at 206, 225, and 230 La Valle Strada in Pocatello, Idaho 83201. All three units are currently rented, providing an existing occupied configuration for an investor evaluating a small residential income property.
Key Highlights
- Three residential units in separate buildings
- 3,711 square feet on a 0.12‑acre parcel
- 9 bedrooms and 6 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
$25,039
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
3.79%
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%
$500,780
$500.8K
Cap Rate 7%
$357,700
$357.7K
Cap Rate 9%
$278,211
$278.2K
Market Conditions
NOI Build-Up for 3,711 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
$37.9K $10.20/SF
− Vacancy
−$2.1K −$0.56/SF
EGI
$35.8K $9.64/SF
− OpEx
−$10.7K −$2.89/SF
NOI
$25.0K $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%
$500,780
Cap Rate 7%
$357,700
Cap Rate 9%
$278,211
Alternative Uses
Best Use
Multifamily LT 5
$357.7K
$313.0K – $417.3K
NOI $25,039 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$333.1K
$291.5K – $388.6K
NOI $23,317 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$614.9K
$538.1K – $717.4K
NOI $43,045 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
489
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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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?
Triplex - Three separate residential buildings are currently rented and feature forced-air heating with central air conditioning.
Where is this triplex located?
The property is located at 206 225 230 La Valle Strada Pocatello, ID.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three residential units in separate buildings; 3,711 square feet on a 0.12‑acre parcel; 9 bedrooms and 6 bathrooms
