New 4-Unit
For Sale
$700,000
5400 Park Lawn, Chubbuck, ID 83202
MULTI_FAMILY - Chubbuck, ID
Property Size4,224 SF
Lot Size0.19 Acres
Price / SF$165.72
Days on Market179
Property Features for 5400 Park Lawn
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Residential
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 12, Bathroom 2, Bedroom 7, Bedroom 8, Bedroom 11, Bedroom 1, Bedroom 9, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 10, Bathroom 1, Bedroom 4
Elementary school
Ellis
Middle school
Alameda
High school
Highland
Subdivision
Chubbuck & North
Standard status
Active
Size
4,224 SF
Lot size
0.19 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
ReMax Country Real Estate
(208) 234-4444
Listed By:
Jeremy Briscoe · License #SP30778
(208) 206-4824
Added: Feb 19
Changed: Aug 16
Last Checked: Aug 17 at 1:06PM
MLS# 581692
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.
Investment Insights
Based on property information with market context.
Newly built quadplex under construction featuring four 3-bedroom, 1-bath units. Each unit offers 1,056 SF of living space with functional layouts designed for comfortable, low-maintenance living. The property is framed construction with forced-air heating and public water service.
Set on a 0.19-acre lot in Chubbuck, Idaho (Bannock County), the building is currently under construction and slated for completion as a 2026 build year.
For buyers seeking a small residential income property with four separate units and a clear unit mix, this quadplex configuration can support a range of occupancy plans, including owner-occupancy or investment use, depending on how the units are managed.
Set on a 0.19-acre lot in Chubbuck, Idaho (Bannock County), the building is currently under construction and slated for completion as a 2026 build year.
For buyers seeking a small residential income property with four separate units and a clear unit mix, this quadplex configuration can support a range of occupancy plans, including owner-occupancy or investment use, depending on how the units are managed.
Key Highlights
- Under construction framed quadplex built in 2026
- Four 3‑bedroom, 1‑bath units
- 1,056 SF living space per unit
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
$28,501
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
4.07%
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%
$570,020
$570.0K
Cap Rate 7%
$407,157
$407.2K
Cap Rate 9%
$316,678
$316.7K
Market Conditions
NOI Build-Up for 4,224 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
$43.1K $10.20/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$40.7K $9.64/SF
− OpEx
−$12.2K −$2.89/SF
NOI
$28.5K $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%
$570,020
Cap Rate 7%
$407,157
Cap Rate 9%
$316,678
Alternative Uses
Best Use
Multifamily LT 5
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$379.1K
$331.8K – $442.3K
NOI $26,540 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 83202, ID
24,441
Population
8,866
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
93%
High-School Grad
166.8 sq mi
ZIP Area
147
Density / Sq Mi
$68,118
Median Household Income
$39,341
Median Earnings
$941
Median Rent
$300,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - New 4-plex quadplex on a 0.19-acre lot zoned Residential with public water and forced-air heating.
Where is this quadplex located?
The property is located at 5400 Park Lawn Chubbuck, ID.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Under construction framed quadplex built in 2026; Four 3‑bedroom, 1‑bath units; 1,056 SF living space per unit
