Updated Two-Unit
For Sale
$300,000
3844 Jason Avenue, Pocatello, ID 83204
Residential Income, Pocatello, ID
Property Size2,124 SF
Lot Size0.19 Acres
Price / SF$141.24
Days on Market73
Property Features for 3844 Jason Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Pocatello-Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Parking
1
Appliances
Separate Water Heaters
Subdivision
Palmer-Ban
Elementary school
Indian Hills
Middle school
Franklin
High school
Century 25HS
Directions
South on I15 take exit 67 for 5th Ave. Turn left onto S 5th Ave. Turn left onto Jason Ave. Property will be on the right.
Standard status
Active
APN
RPPMT004300
Size
2,124 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S6-T7S-R35E W119' TRACT 23 BLOCK 2 PALMER TRACTS
Tax Annual Amount
2508
Legal Description
S6-T7S-R35E W119' TRACT 23 BLOCK 2 PALMER TRACTS
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
stainless steel appliances
Building Details
Year built
1940
Number of units
2
Building materials
Frame, Metal Siding
Listing Agency:
Idaho Falls Real Estate Investment
(208) 421-1191
Listed By:
Victor Sutherland · License #2112
(970) 388-9955
Added: Jul 23
Changed: Sep 15
Last Checked: Oct 3 at 3:06AM
MLS# 2187978
Copyright © 2026 Snake River Regional MLS. 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 2,124-square-foot duplex, built in 1940, contains two separate units with frame construction and metal siding. The front residence offers 2 bedrooms and 1 bathroom, while the rear residence includes 3 bedrooms and 1 bathroom. Both units have received interior updates, including fresh paint, revised flooring, and new stainless steel ovens, refrigerators, and microwaves. The third bedroom in the rear unit has a closet but no window.
The property sits on a 0.19-acre lot near I-15 and is served by public water and public sewer. Each unit has a separate water heater. Heating is electric baseboard. Tenants are responsible for electric service, while water, sewer, and trash are paid by the owner. The property has no gas meters.
The property sits on a 0.19-acre lot near I-15 and is served by public water and public sewer. Each unit has a separate water heater. Heating is electric baseboard. Tenants are responsible for electric service, while water, sewer, and trash are paid by the owner. The property has no gas meters.
Key Highlights
- 2,124‑square‑foot duplex on a 0.19‑acre lot
- Two units: 2 bed/1 bath and 3 bed/1 bath
- Both units vacant for showings
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
$14,331
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
4.78%
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%
$286,620
$286.6K
Cap Rate 7%
$204,729
$204.7K
Cap Rate 9%
$159,233
$159.2K
Market Conditions
NOI Build-Up for 2,124 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
$21.7K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.5K $9.64/SF
− OpEx
−$6.1K −$2.89/SF
NOI
$14.3K $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%
$286,620
Cap Rate 7%
$204,729
Cap Rate 9%
$159,233
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.9K
NOI $14,331 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$190.7K
$166.8K – $222.4K
NOI $13,346 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$352.0K
$308.0K – $410.6K
NOI $24,637 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
68
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are vacant and equipped with new stainless steel kitchen appliances.
Where is this duplex located?
The property is located at 3844 Jason Avenue Pocatello, ID.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,124‑square‑foot duplex on a 0.19‑acre lot; Two units: 2 bed/1 bath and 3 bed/1 bath; Both units vacant for showings
