Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Duplex Rental Property Title is generated by Realmo AI

    331 S GRANT AVE, Pocatello, ID 83204

    View on Map
    Claim this Listing
    New
    For Sale
    $297,900

    Separate Buildings, Duplex - Pocatello, ID

    Type:Duplex
    Property size:
    3,408 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $87/SF
    Added:
    Jun 6, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 7 at 7:06 pm

    Property Features for 331 S GRANT AVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    Residential
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Exterior features
    Wood, Partial
    Standard status
    Active
    Size
    3,408 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3011

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1907
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Johnston
    Greg Johnston

    Listing agent Greg Johnston

    Listing office Premier Properties Real Estate Co. 460 E Oak Suite A, Pocatello, ID

    Listing date Jun 6, 2026

    MLS# 582734 Listing URL

    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.

    HighLights

    • Duplex with two homes on one lot: front 3‑bedroom (2‑story) and back 2‑bedroom, 1‑bath home
    • Front house: brick exterior, gas furnace, roof only a few years old; rent is $1,350/mo + $50 pet fee + ~$100 water reimbursement
    • Back house: updated kitchen, fenced back yard; rent is $875/mo + $50 pet fee + ~$50/mo water reimbursement
    • Combined rent and reimbursements total about $2,475/month, with nearly one year remaining on both tenants’ leases
    • Some updated plumbing in both homes
    • Heating: forced air with natural gas; cooling: none (cooling)

    Overview

    This duplex consists of two separate buildings on a single lot. The front house is a large, two-story brick home with three bedrooms and updated plumbing. It features a large living room and a gas furnace, and the roof is described as only a few years old. The back house is a two-bedroom, one-bath home with an updated kitchen, a large living room, and an enclosed, fenced back yard. Plumbing is also noted as updated in both homes.

    The property is located at 331 S Grant Ave in Pocatello, Idaho (Bannock County). Each home is currently occupied and has an existing lease in place for nearly one more year, with a manager also in place.

    For investors seeking an owner-occupied-style setup without taking over immediate tenancy management, this turnkey duplex may fit well due to the current tenant occupancy and nearly remaining lease term. The front home is described at $1,350 per month rent plus pet fees and water reimbursement, while the back home is described at $875 per month plus pet and water reimbursement. Combined monthly income is described in the remarks as $2,475. This structure supports tenants’ independent living arrangements while maintaining shared ownership under one lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Gym & Fitness Center Auto Repair Shop Bar & Pub Kitchen & Bath Showroom Cafe & Coffee Shop Grocery & Convenience Store Storage Facility Bakery Arcade & Gaming Center (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bingham
    State
    Idaho
    Longitude
    -112.453003
    Latitude
    42.857472

    Nearby Similar for Sale

    • $999,999
      5,750 SF

      Pocatello Commercial Building on Yellowstone

      5,500 sq ft commercial building on Yellowstone Ave.
      338 Yellowstone, Pocatello, ID 83201
      View Details
    • $550,000
      5,180 SF

      Pocatello Investment Property For Sale

      Commercial real estate investment property with leases in place until 2029.
      240 N 18th, Pocatello, ID 83201
      View Details
    • $475,000
      4,143 SF

      Pocatello Commercial Property For Sale

      Commercial property on over an acre, suitable for office use.
      844 Mckinley Avenue, Pocatello, ID 83201
      View Details
    • $365,000
      2,000 SF

      Pocatello Commercial Shop and Yard

      Well-equipped shop with secure yard near highway access.
      4555 S 5th Avenue, Pocatello, ID 83201
      View Details
    • $1,000,000
      16,540 SF

      Pocatello Industrial Property with Warehouse

      Industrial property featuring a warehouse and office building.
      1921 N Harrison, Pocatello, ID 83204
      View Details
    • $725,000
      6,000 SF

      Turnkey Automotive Repair Facility

      Well-maintained Pocatello automotive repair facility with high visibility and easy access.
      707 W Maple St, Pocatello, ID 83201
      View Details
    • $450,000
      8,750 SF

      Pocatello Industrial Building For Sale

      Industrial building with loading dock and remodeled office area.
      1919 N Harrison, Pocatello, ID 83204
      View Details
    • $365,000
      2,000 SF

      Pocatello Shop with Secure Yard

      Well-equipped shop with secure yard near highway access.
      4555 S 5th Avenue, Pocatello, ID 83201
      View Details
    • $475,000
      4,143 SF

      Pocatello Commercial Property on Acreage

      Commercial property on over an acre suitable for office use.
      844 McKinley, Pocatello, ID 83201
      View Details
    • $2,609,000
      6,360 SF

      New Construction Townhouse Investment Opportunity

      Nine townhouses, each with four bedrooms and two bathrooms.
      3780 PHILBIN ROAD #41-49, Pocatello, ID 83202
      View Details
    • $950,000
      6,254 SF

      Turnkey Auto Body & Paint Facility

      Fully equipped auto body and paint facility for sale.
      796 W Maple, Pocatello, ID 83201
      View Details
    • $714,900
      13,822 SF

      Iconic Pocatello Bar and Restaurant

      Turn-key bar and restaurant with investment opportunities.
      251 E Center, Pocatello, ID 83201
      View Details

    FAQs

    What type of property is this?
    Duplex - Two homes on one lot, with leases nearly one year remaining and updated plumbing in both units.
    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: Duplex with two homes on one lot: front 3‑bedroom (2‑story) and back 2‑bedroom, 1‑bath home; Front house: brick exterior, gas furnace, roof only a few years old; rent is $1,350/mo + $50 pet fee + ~$100 water reimbursement; Back house: updated kitchen, fenced back yard; rent is $875/mo + $50 pet fee + ~$50/mo water reimbursement
    (208) 680-4734
    We can help!
    Listing Contact
    Greg Johnston
    Greg Johnston
    Real Estate License ID: SP23782
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 S GRANT AVE, Pocatello, ID 83204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!