Two-Building Duplex with
For Sale
$279,900
Pending
318 S Johnson Ave, Pocatello, ID 83204
MULTI-FAMILY, Separate Buildings, Pocatello, ID
Property Size1,248 SF
Lot Size0.19 Acres
Days on Market176
Property Features for 318 S Johnson Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2
Subdivision
Pocatello Townsite
Elementary school
Indian Hills
Middle school
Irving
High school
Pocatello
Standard status
Pending
Size
1,248 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1509
Utilities
Heating system
Forced Air
Water source
Public
Amenities
private main-floor laundry
generous storage
shared backyard
shop/garage
Building Details
Year built
1911
Building materials
Frame
Architectural style
Other
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Madeline Eaton
(208) 317-6272
Added: Apr 11
Changed: Sep 16
Last Checked: Oct 3 at 6:06PM
MLS# 582200
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 residential duplex consists of two separate frame homes on one 0.19-acre lot, with a combined property size of 1,248 square feet. Each residence has its own main-floor laundry, storage, large windows, and independent gas, electric, water, and sewer connections. The property was built in 1911 and uses forced-air heating with public water service.
A shared backyard, alley access, additional parking, and a large shop or garage expand the site’s utility. The property is located near Old Town and Idaho State University in Pocatello. Recent improvements include a roof replacement on 316 in 2023, a shop roof completed in 2024, and a newer water heater and renovated bathroom at 318 in 2026.
A shared backyard, alley access, additional parking, and a large shop or garage expand the site’s utility. The property is located near Old Town and Idaho State University in Pocatello. Recent improvements include a roof replacement on 316 in 2023, a shop roof completed in 2024, and a newer water heater and renovated bathroom at 318 in 2026.
Key Highlights
- Two separate homes on one 0.19‑acre residential lot
- Combined property size of 1,248 square feet
- Independent gas, electric, water, and sewer connections for each home
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
$8,421
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
3.01%
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%
$168,420
$168.4K
Cap Rate 7%
$120,300
$120.3K
Cap Rate 9%
$93,567
$93.6K
Market Conditions
NOI Build-Up for 1,248 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
$12.7K $10.20/SF
− Vacancy
−$700 −$0.56/SF
EGI
$12.0K $9.64/SF
− OpEx
−$3.6K −$2.89/SF
NOI
$8.4K $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%
$168,420
Cap Rate 7%
$120,300
Cap Rate 9%
$93,567
Alternative Uses
Best Use
Multifamily LT 5
$120.3K
$105.3K – $140.4K
NOI $8,421 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$112.0K
$98.0K – $130.7K
NOI $7,841 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$206.8K
$181.0K – $241.3K
NOI $14,476 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
963
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
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with separate utility connections, private laundry, storage, and shared outdoor space near Old Town and ISU.
Where is this duplex located?
The property is located at 318 S Johnson Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two separate homes on one 0.19‑acre residential lot; Combined property size of 1,248 square feet; Independent gas, electric, water, and sewer connections for each home
