9-Unit Apartment
New
For Sale
$650,000
229 S GARFIELD, Pocatello, ID 83204
MULTI-FAMILY, Separate Buildings, Units Over and Under, Pocatello, ID
Property Size3,050 SF
Lot Size0.37 Acres
Price / SF$213.11
Days on Market3
Property Features for 229 S GARFIELD
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2
Subdivision
Pocatello Townsite
Elementary school
Jefferson
Middle school
Irving
High school
Pocatello
Standard status
Active
Size
3,050 SF
Lot size
0.37 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3751
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1937
Number of units
9
Building materials
Frame
Architectural style
Other
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Greg Johnston
(208) 680-4734
Added: Oct 26
Last Checked: Oct 28 at 11:06PM
MLS# 583910
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.
Built in 1937, this 3,050-square-foot apartment property contains nine units, primarily one-bedroom layouts, plus a two-bedroom unit. Recent cosmetic work includes LVP flooring and vinyl windows. The adjacent parking area is part of the property, which occupies a 0.37-acre L-shaped lot.
At the time of listing, one unit was vacant. The owner covers water service, while tenants pay for electricity.
At the time of listing, one unit was vacant. The owner covers water service, while tenants pay for electricity.
Key Highlights
- Nine apartment units, predominantly one‑bedroom, with one two‑bedroom unit
- 3,050 square feet on a 0.37‑acre L‑shaped lot
- Adjacent parking area included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,164
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,280
$383.3K
Cap Rate 7%
$273,771
$273.8K
Cap Rate 9%
$212,933
$212.9K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$36.6K $12.00/SF
− Vacancy
−$1.8K −$0.58/SF
EGI
$34.8K $11.42/SF
− OpEx
−$15.7K −$5.14/SF
NOI
$19.2K $6.28/SF
Area
Bannock County, ID
Vacancy
4.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,280
Cap Rate 7%
$273,771
Cap Rate 9%
$212,933
Alternative Uses
Best Use
Apartment 5plus
$273.8K
$239.6K – $319.4K
NOI $19,164 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$505.4K
$442.2K – $589.6K
NOI $35,378 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 83204, ID
18,408
Population
8,238
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
280.1 sq mi
ZIP Area
66
Density / Sq Mi
$55,191
Median Household Income
$33,806
Median Earnings
$748
Median Rent
$233,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Most residences have one bedroom, with a two-bedroom unit also included.
Where is this apartment building located?
The property is located at 229 S GARFIELD Pocatello, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nine apartment units, predominantly one‑bedroom, with one two‑bedroom unit; 3,050 square feet on a 0.37‑acre L‑shaped lot; Adjacent parking area included with the property
