7-Bedroom Short-Term Rental
New
For Sale
$350,000
653 S 4th Ave, Pocatello, ID 83201
Currently operated as a room rental, the commercially zoned property includes a dedicated office and an enclosed porch.
Property Size4,337 SF
Price / SF$80.70
Days on Market4
Property Features for 653 S 4th Ave
General Information
Standard status
Active
Size
4,337 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Amenities
enclosed porch
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
Adrianne Godfrey
(208) 529-8888
Source:
Signaturerealestateid
Added: Oct 7
Last Checked: Oct 7 at 2:34PM
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 Keller Williams Realty East Idaho
Investment Insights
Based on property information with market context.
Configured with 7 bedrooms and a dedicated office, this 4,337-square-foot property is operating as a short-term room rental. The main and upper levels have been remodeled, and the home was built in 1940. An enclosed porch and corner-lot setting are additional physical features. The basement is identified as an area with potential for further development, including a separate living area.
Commercial zoning allows for uses beyond traditional residential occupancy. The property is located minutes from ISU, public transportation, restaurants, and entertainment.
Commercial zoning allows for uses beyond traditional residential occupancy. The property is located minutes from ISU, public transportation, restaurants, and entertainment.
Key Highlights
- 7 bedrooms and a dedicated office in 4,337 square feet
- Currently operating as a short‑term room rental
- Main and upper levels have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,250
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,000
$545.0K
Cap Rate 7%
$389,286
$389.3K
Cap Rate 9%
$302,778
$302.8K
Market Conditions
NOI Build-Up for 4,337 SF
Gross rent
$52.0K $12.00/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$49.5K $11.42/SF
− OpEx
−$22.3K −$5.14/SF
NOI
$27.3K $6.28/SF
Area
Bannock County, ID
Vacancy
4.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,000
Cap Rate 7%
$389,286
Cap Rate 9%
$302,778
Alternative Uses
Best Use
Apartment 5plus
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.7K
$628.8K – $838.4K
NOI $50,306 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
189
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
View Realmo Analytics
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?
Short term rental property - Currently operated as a room rental, the commercially zoned property includes a dedicated office and an enclosed porch.
Where is this short term rental property located?
The property is located at 653 S 4th Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7 bedrooms and a dedicated office in 4,337 square feet; Currently operating as a short‑term room rental; Main and upper levels have been remodeled
