Four-Plex Under Construction
For Sale
$709,900
5405 103-204 Park Lawn, Chubbuck, ID 83202
MULTI_FAMILY - Chubbuck, ID
Property Size4,400 SF
Lot Size0.16 Acres
Price / SF$161.34
Days on Market130
Property Features for 5405 103-204 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
Lot features
Interstate Exit/ Access, Near Mall/ Shopping
Elementary school
Ellis
Middle school
Alameda
High school
Highland
Subdivision
Chubbuck & North
Standard status
Active
Size
4,400 SF
Lot size
0.16 Acres
Taxes and HOA fees
HOA Fee
$320 Monthly
Utilities
Heating system
Zoned
Cooling system
Wall/Window Unit(s)
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:
Chris Robinson · License #SP28325
(208) 709-1943
Added: Apr 10
Changed: Aug 16
Last Checked: Aug 17 at 2:06PM
MLS# 582184
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.
Under-construction four-plex built in 2026 offering multiple 3-bedroom layouts across the property. Construction is frame, with zoned heating and wall/window AC units for climate control. The homes include granite countertops, LVP flooring, and durable vinyl siding.
Building features include a fire suppression system. Appliances are included except washer and dryer. Public water service is provided.
The property is a turnkey new construction opportunity designed to transition smoothly for an investor, with professional property management already in place.
Building features include a fire suppression system. Appliances are included except washer and dryer. Public water service is provided.
The property is a turnkey new construction opportunity designed to transition smoothly for an investor, with professional property management already in place.
Key Highlights
- Built in 2026 four‑plex currently under construction
- 0.16‑acre lot with 4,400 SF total property size
- Frame construction with zoned heating and wall/window AC
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
$29,688
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
4.18%
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%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 4,400 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
$44.9K $10.20/SF
− Vacancy
−$2.5K −$0.56/SF
EGI
$42.4K $9.64/SF
− OpEx
−$12.7K −$2.89/SF
NOI
$29.7K $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%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$394.9K
$345.6K – $460.8K
NOI $27,646 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$729.1K
$638.0K – $850.6K
NOI $51,036 @ 7.0% cap · market cap 7.19%
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
10
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 - Under-construction four-plex with three-bedroom units, fire suppression, and public water, built in 2026.
Where is this quadplex located?
The property is located at 5405 103-204 Park Lawn Chubbuck, ID.
What is the asking price?
The asking price for this property is $709,900.
What are key features of this property?
This property features: Built in 2026 four‑plex currently under construction; 0.16‑acre lot with 4,400 SF total property size; Frame construction with zoned heating and wall/window AC
