Craftsman Triplex with Covered
For Sale
$450,000
2233 S 2nd Ave, Pocatello, ID 83201
Three distinct units offer varied layouts, updated interiors, outdoor space, and dedicated parking near Ross Park and the interstate.
Property Size3,863 SF
Price / SF$116.49
Days on Market95
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Property Features for 2233 S 2nd Ave
General Information
Standard status
Active
Size
3,863 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
covered front porch
back deck
fenced yard
parking
Building Details
Year Built
1930
Construction
Craftsman
Listing Agency:
Guardian Realty
Listed By:
Alana Burns · License #2373
(702) 581-8371
Source:
Signaturerealestateid
Added: Jul 13
Changed: Oct 10
Last Checked: Oct 7 at 1:48PM
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 Guardian Realty
Investment Insights
Based on property information with market context.
Built in 1930, this 3,863-SF triplex combines Craftsman character with updates across all three residences. The building features a substantial covered front porch, tall ceilings, original-style trim, wood flooring, and a rear deck. A fenced yard and parking area serve the property.
Unit A is the largest residence, with three bedrooms, one bathroom, oversized rooms, a formal dining room, living room with fireplace, den, laundry room, and an updated kitchen. Unit B includes two bedrooms, a living room, kitchen, and separate bathroom. Unit C is a studio apartment with its own kitchen and bathroom.
The property is located near Ross Park, the interstate, and other multifamily developments.
Unit A is the largest residence, with three bedrooms, one bathroom, oversized rooms, a formal dining room, living room with fireplace, den, laundry room, and an updated kitchen. Unit B includes two bedrooms, a living room, kitchen, and separate bathroom. Unit C is a studio apartment with its own kitchen and bathroom.
The property is located near Ross Park, the interstate, and other multifamily developments.
Key Highlights
- 3,863‑SF triplex built in 1930
- Three distinct residential units with varied layouts
- Unit A includes 3 bedrooms, 1 bathroom, den, fireplace, dining room, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,065
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,300
$521.3K
Cap Rate 7%
$372,357
$372.4K
Cap Rate 9%
$289,611
$289.6K
Market Conditions
NOI Build-Up for 3,863 SF
Gross rent
$39.4K $10.20/SF
− Vacancy
−$2.2K −$0.56/SF
EGI
$37.2K $9.64/SF
− OpEx
−$11.2K −$2.89/SF
NOI
$26.1K $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 Rate 5%
$521,300
Cap Rate 7%
$372,357
Cap Rate 9%
$289,611
Alternative Uses
Best Use
Multifamily LT 5
$372.4K
$325.8K – $434.4K
NOI $26,065 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$346.7K
$303.4K – $404.5K
NOI $24,272 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,808 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct units offer varied layouts, updated interiors, outdoor space, and dedicated parking near Ross Park and the interstate.
Where is this triplex located?
The property is located at 2233 S 2nd Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,863‑SF triplex built in 1930; Three distinct residential units with varied layouts; Unit A includes 3 bedrooms, 1 bathroom, den, fireplace, dining room, and laundry room
