Triplex With Separate
For Sale
$339,900
421 N 8th Ave, Pocatello, ID 83201
Three-unit property with individually metered gas and power, separate water heaters, and dedicated parking for the ADU.
Property Size2,015 SF
Price / SF$168.68
Days on Market52
Property Features for 421 N 8th Ave
General Information
Standard status
Active
Size
2,015 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1942
Listing Agency:
RE/MAX Country Real Estate
Listed By:
Aaron Anderson · License #52617
(208) 223-2587
Source:
Noplacelikeidaho
Added: Aug 25
Changed: Oct 1
Last Checked: Oct 15 at 12:41AM
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 RE/MAX Country Real Estate
Investment Insights
Based on property information with market context.
This 1942 triplex contains 2015 square feet and includes an accessory dwelling unit with its own dedicated parking space. Separate water heaters, gas meters, and power meters serve the property, providing distinct utility infrastructure for the units. The property has also received updates over time.
The address is 421 N 8th Ave in Pocatello, Idaho, near Idaho State University, neighborhood restaurants, and everyday conveniences. The three-unit configuration offers flexibility for an owner-user or rental operation, while the ADU adds another distinct component to the property.
The address is 421 N 8th Ave in Pocatello, Idaho, near Idaho State University, neighborhood restaurants, and everyday conveniences. The three-unit configuration offers flexibility for an owner-user or rental operation, while the ADU adds another distinct component to the property.
Key Highlights
- Three‑unit property containing 2015 square feet
- Built in 1942 and updated over time
- Separate water heaters, gas meters, and power meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,596
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,920
$271.9K
Cap Rate 7%
$194,229
$194.2K
Cap Rate 9%
$151,067
$151.1K
Market Conditions
NOI Build-Up for 2,015 SF
Gross rent
$20.6K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$19.4K $9.64/SF
− OpEx
−$5.8K −$2.89/SF
NOI
$13.6K $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%
$271,920
Cap Rate 7%
$194,229
Cap Rate 9%
$151,067
Alternative Uses
Best Use
Multifamily LT 5
$194.2K
$170.0K – $226.6K
NOI $13,596 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$180.9K
$158.3K – $211.0K
NOI $12,661 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$333.9K
$292.2K – $389.5K
NOI $23,372 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 83201, ID
38,921
Population
15,885
Households
2.5
Avg Household Size
33
Median Age
34%
College-Educated
94%
High-School Grad
34.2 sq mi
ZIP Area
1,138
Density / Sq Mi
$63,209
Median Household Income
$34,118
Median Earnings
$905
Median Rent
$256,100
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?
Triplex - Three-unit property with individually metered gas and power, separate water heaters, and dedicated parking for the ADU.
Where is this triplex located?
The property is located at 421 N 8th Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑unit property containing 2015 square feet; Built in 1942 and updated over time; Separate water heaters, gas meters, and power meters
