Craftsman Triplex with Covered
For Sale
$450,000
2233 S 2nd Avenue, Pocatello, ID 83201
MULTI-FAMILY, All Units-One Building, Units Over and Under, Pocatello, ID
Property Size3,863 SF
Lot Size0.21 Acres
Price / SF$116.49
Days on Market142
Property Features for 2233 S 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 3
Fencing
Privacy
Lot features
Near Park, Near University/ College
Elementary school
Washington
Middle school
Irving
High school
Century
Subdivision
West Pocatello
Standard status
Active
Size
3,863 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2968
Utilities
Heating system
Forced Air
Water source
Public
Amenities
covered front porch
big back deck
fenced yard
Building Details
Year built
1930
Number of units
3
Building materials
Frame
Architectural style
Other
Listing Agency:
Guardian Realty
Listed By:
Alana Burns
(702) 581-8371
Added: Jun 2
Changed: Oct 18
Last Checked: Oct 21 at 4:06PM
MLS# 582691
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.
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Investment Insights
Based on property information with market context.
This residential triplex contains 3,863 square feet on a 0.21-acre lot and was built in 1930. The frame property features a large covered front porch with Craftsman detailing, a rear deck, privacy fencing, and parking. Public water and forced-air heating serve the building.
Unit A includes three bedrooms, one bathroom, tall ceilings, wood flooring, Craftsman trim, oversized rooms, an open layout, formal dining and living rooms, a fireplace, den, separate laundry room, and updated kitchen. The laundry room is identified as a possible fourth bedroom. Unit B offers two bedrooms, a living room, kitchen, and separate bathroom. Unit C is a studio with an attached kitchen and bathroom. The property is near Ross Park, the interstate, and other multifamily developments.
Unit A includes three bedrooms, one bathroom, tall ceilings, wood flooring, Craftsman trim, oversized rooms, an open layout, formal dining and living rooms, a fireplace, den, separate laundry room, and updated kitchen. The laundry room is identified as a possible fourth bedroom. Unit B offers two bedrooms, a living room, kitchen, and separate bathroom. Unit C is a studio with an attached kitchen and bathroom. The property is near Ross Park, the interstate, and other multifamily developments.
Key Highlights
- 3,863‑square‑foot triplex on a 0.21‑acre lot
- Three units: 3‑bedroom, 2‑bedroom, and studio configurations
- Built in 1930 with frame construction and Craftsman detailing
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.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
170
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy a historic Craftsman-style building with updated interiors, a fenced yard, rear deck, and parking.
Where is this triplex located?
The property is located at 2233 S 2nd Avenue 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‑square‑foot triplex on a 0.21‑acre lot; Three units: 3‑bedroom, 2‑bedroom, and studio configurations; Built in 1930 with frame construction and Craftsman detailing
