Fourplex with Separate
For Sale
$415,000
555 E ALAMEDA, Pocatello, ID 83201
MULTI-FAMILY, Separate Buildings, Pocatello, ID
Property Size3,570 SF
Lot Size0.28 Acres
Price / SF$116.25
Days on Market263
Property Features for 555 E ALAMEDA
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 2
Subdivision
Taney Tracts
Elementary school
Tendoy
Middle school
Alameda
High school
Century
Standard status
Active
Size
3,570 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
4586
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1950
Number of units
4
Building materials
Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Premier Properties Real Estate Co.
(208) 232-5025
Listed By:
Greg Johnston · License #344
(208) 680-4734
Added: Jan 13
Changed: Sep 16
Last Checked: Oct 3 at 5:06PM
MLS# 581382
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.
This 3,570-square-foot quadplex includes four residential units arranged across a triplex and a separate house. The unit mix includes one-bedroom and two-bedroom layouts, with five bedrooms and four bathrooms listed overall. All four units are occupied. Some apartments feature hardwood flooring, while one has updated kitchen cabinets and a renovated bathroom. The property was built in 1950 and uses frame construction with baseboard heating.
The front building has metal siding, electric heaters, and a recently replaced architectural shingle roof. The rear house has a metal roof and gas furnace. Residents pay electricity and gas, while the owner pays water, sewer, and garbage. The 0.28-acre residential property also provides on-site parking and connects to public water.
The front building has metal siding, electric heaters, and a recently replaced architectural shingle roof. The rear house has a metal roof and gas furnace. Residents pay electricity and gas, while the owner pays water, sewer, and garbage. The 0.28-acre residential property also provides on-site parking and connects to public water.
Key Highlights
- Four occupied units configured as a triplex plus a separate house
- 3,570 square feet on a 0.28‑acre residential‑zoned property
- Mix of 1‑bedroom and 2‑bedroom units with 5 bedrooms and 4 bathrooms
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
$24,088
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
5.80%
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%
$481,760
$481.8K
Cap Rate 7%
$344,114
$344.1K
Cap Rate 9%
$267,644
$267.6K
Market Conditions
NOI Build-Up for 3,570 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
$36.4K $10.20/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$34.4K $9.64/SF
− OpEx
−$10.3K −$2.89/SF
NOI
$24.1K $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%
$481,760
Cap Rate 7%
$344,114
Cap Rate 9%
$267,644
Alternative Uses
Best Use
Multifamily LT 5
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$591.6K
$517.6K – $690.2K
NOI $41,409 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,086
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units with a mix of one- and two-bedroom layouts, on-site parking, and residential zoning.
Where is this quadplex located?
The property is located at 555 E ALAMEDA Pocatello, ID.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four occupied units configured as a triplex plus a separate house; 3,570 square feet on a 0.28‑acre residential‑zoned property; Mix of 1‑bedroom and 2‑bedroom units with 5 bedrooms and 4 bathrooms
