4-Unit Apartment Property with Separate
New
For Sale
$405,000
241 N Hayes, Pocatello, ID 83204
MULTI-FAMILY, Separate Buildings, Pocatello, ID
Property Size3,101 SF
Lot Size0.19 Acres
Price / SF$130.60
Days on Market2
Property Features for 241 N Hayes
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 3
Subdivision
Pocatello Townsite
Lot features
Near Public Bus Stop, Near Schools
Elementary school
Indian Hills
Middle school
Irving
High school
Pocatello
Standard status
Active
Size
3,101 SF
Lot size
0.19 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1945
Building materials
Frame
Architectural style
Other
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Kelly Cammack
(208) 380-0277
Added: Oct 20
Last Checked: Oct 21 at 11:06AM
MLS# 583879
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 3,101-square-foot apartment property contains four units across two buildings on a 0.19-acre lot. Three units occupy the main building; the fourth is in a separate building at the rear. The unit mix includes one 1-bedroom, 1-bathroom apartment and three 2-bedroom, 1-bathroom apartments. Built in 1945, the property has frame construction, forced-air heat, central air, and public water.
Located in downtown Pocatello, the property has four separate gas and electric meters, along with separate furnaces and water heaters. Tenants pay their own gas and electricity.
Located in downtown Pocatello, the property has four separate gas and electric meters, along with separate furnaces and water heaters. Tenants pay their own gas and electricity.
Key Highlights
- Four apartments across a 3,101‑square‑foot property
- Three units in the main building and one in a separate rear building
- Unit mix: one 1‑bedroom unit and three 2‑bedroom units; each has one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,923
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,460
$418.5K
Cap Rate 7%
$298,900
$298.9K
Cap Rate 9%
$232,478
$232.5K
Market Conditions
NOI Build-Up for 3,101 SF
Gross rent
$31.6K $10.20/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$29.9K $9.64/SF
− OpEx
−$9.0K −$2.89/SF
NOI
$20.9K $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%
$418,460
Cap Rate 7%
$298,900
Cap Rate 9%
$232,478
Alternative Uses
Best Use
Multifamily LT 5
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$278.3K
$243.6K – $324.7K
NOI $19,484 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$513.8K
$449.6K – $599.5K
NOI $35,969 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,073
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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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?
Quadplex - Separate gas and electric meters, furnaces, and water heaters serve the four units.
Where is this quadplex located?
The property is located at 241 N Hayes Pocatello, ID.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Four apartments across a 3,101‑square‑foot property; Three units in the main building and one in a separate rear building; Unit mix: one 1‑bedroom unit and three 2‑bedroom units; each has one bathroom
