Two-Home Duplex
For Sale
$297,900
331 S GRANT AVE, Pocatello, ID 83204
MULTI-FAMILY, Separate Buildings, Pocatello, ID
Property Size3,408 SF
Lot Size0.14 Acres
Price / SF$87.41
Days on Market147
Property Features for 331 S GRANT AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5
Subdivision
Pocatello Townsite
Lot features
Low Traffic
Elementary school
Jefferson
Middle school
Irving
High school
Pocatello
Standard status
Active
Size
3,408 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3011
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1907
Number of units
2
Architectural style
Other
Buildings
2
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Greg Johnston · License #344
(208) 680-4734
Added: Jun 6
Changed: Oct 25
Last Checked: Oct 30 at 2:06AM
MLS# 582734
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 duplex consists of two separate homes on a 0.14-acre lot, totaling 3,408 square feet. The front residence is a brick, two-story home with three bedrooms, two bathrooms, a large living room, forced-air heating, and a roof installed a few years ago. The rear residence provides two bedrooms, one bathroom, an updated kitchen, a spacious living room, and a fenced backyard. Some plumbing updates have been completed in both homes.
The property was built in 1907 and uses public water. Residential zoning and the separate-building layout provide a distinct configuration for an owner seeking a duplex with two independent residences. Both homes are occupied under leases with nearly one year remaining, and a property manager is already in place.
The property was built in 1907 and uses public water. Residential zoning and the separate-building layout provide a distinct configuration for an owner seeking a duplex with two independent residences. Both homes are occupied under leases with nearly one year remaining, and a property manager is already in place.
Key Highlights
- Two separate homes on one 0.14‑acre lot
- 3,408 square feet across the duplex
- Front home: 3 bedrooms, 2 bathrooms, two stories, brick construction, and forced‑air heating
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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Lease Details
2
Residential units
Multi-tenant
Tenancy
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Residential zoning covers two separate homes with individual living spaces and tenants in place.
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 separate homes on one 0.14‑acre lot; 3,408 square feet across the duplex; Front home: 3 bedrooms, 2 bathrooms, two stories, brick construction, and forced‑air heating
