Two-Home Brick
For Sale
$297,900
331 S Grant Ave, Pocatello, ID 83204
Two separate residences share one lot, with updated kitchen and plumbing features across the property.
Property Size3,408 SF
Price / SF$87.41
Days on Market68
Property Features for 331 S Grant Ave
General Information
Standard status
Active
Size
3,408 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$29,700
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
Premier Properties Real Estate Co.
Listed By:
Greg Johnston · License #344
(208) 680-4734
Source:
Signaturerealestateid
Added: Aug 11
Changed: Oct 3
Last Checked: Oct 7 at 4:24PM
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 Premier Properties Real Estate Co.
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Investment Insights
Based on property information with market context.
This duplex comprises two separate homes on one lot with a combined 3,408 square feet of building area. The front residence is a large 3-bedroom, 2-story brick home with a spacious living room, gas furnace, and a roof that is only a few years old. The rear residence offers 2 bedrooms and 1 bathroom, along with an updated kitchen, large living room, and fenced backyard. Some plumbing updates have been completed in both homes.
Both residences are occupied under leases with nearly one more year remaining, and a manager is already in place. The property was built in 1907 and is located at 331 S Grant Ave in Pocatello, Idaho.
Both residences are occupied under leases with nearly one more year remaining, and a manager is already in place. The property was built in 1907 and is located at 331 S Grant Ave in Pocatello, Idaho.
Key Highlights
- Two homes on one lot totaling 3,408 square feet
- Front home: 3‑bedroom, 2‑story brick residence
- Rear home: 2‑bedroom, 1‑bathroom residence with updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,995
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,900
$459.9K
Cap Rate 7%
$328,500
$328.5K
Cap Rate 9%
$255,500
$255.5K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$34.8K $10.20/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$32.8K $9.64/SF
− OpEx
−$9.9K −$2.89/SF
NOI
$23.0K $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%
$459,900
Cap Rate 7%
$328,500
Cap Rate 9%
$255,500
Alternative Uses
Best Use
Multifamily LT 5
$328.5K
$287.4K – $383.3K
NOI $22,995 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$305.9K
$267.7K – $356.9K
NOI $21,413 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$564.7K
$494.1K – $658.8K
NOI $39,530 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
37
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?
Duplex - Two separate residences share one lot, with updated kitchen and plumbing features across the property.
Where is this duplex located?
The property is located at 331 S Grant Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $297,900.
What are key features of this property?
This property features: Two homes on one lot totaling 3,408 square feet; Front home: 3‑bedroom, 2‑story brick residence; Rear home: 2‑bedroom, 1‑bathroom residence with updated kitchen
