Commercially Zoned
New
For Sale
$350,000
653 S 4th Avenue, Pocatello, ID 83201
Residential Income, Pocatello, ID
Property Size4,337 SF
Lot Size0.14 Acres
Price / SF$80.70
Days on Market3
Property Features for 653 S 4th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Po Commercial G, Specific Zoning: Pocatello-Commercial General
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 5, Bathroom 3, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 4
Interior features
Newly Renovated
Basement
Exterior Entry, Partially Finished, Walk-Out Access, Full, Daylight
Appliances
Dishwasher, Refrigerator
Subdivision
Pocatello Townsite-Ban
Lot features
Near Park, Near Public Transit, Near Schools, Near University/ College, Established Lawn, Many Trees, Corner Lot, Level
Elementary school
Indian Hills
Middle school
Irving Jr High
High school
Century 25HS
Directions
Input address into you GPS for precise driving directions to the property.
Standard status
Active
APN
RPPOC210100
Size
4,337 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E80' X S2 LOT 8 E80' LOTS 9 & 10 BLOCK 319 POCATELLO TOWNSITE
Tax Annual Amount
3812
Legal Description
E80' X S2 LOT 8 E80' LOTS 9 & 10 BLOCK 319 POCATELLO TOWNSITE
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Enclosed porch
Building Details
Year built
1940
Number of units
2
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty East Idaho
(208) 529-8888
Listed By:
Adrianne Godfrey
(208) 206-2606
Added: Oct 1
Last Checked: Oct 3 at 5:06AM
MLS# 2189608
Copyright © 2026 Snake River Regional MLS. 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 4,337-square-foot duplex sits on a 0.14-acre corner lot and was built in 1940. The main and upper levels have been remodeled, and the property includes an enclosed porch and basement. Interior features include a dishwasher and refrigerator, with natural gas forced-air heat and central air conditioning.
Commercial zoning and current short-term room-rental operation are noted. The property is minutes from Idaho State University, public transportation, restaurants, and entertainment. Public water and sewer serve the site.
Commercial zoning and current short-term room-rental operation are noted. The property is minutes from Idaho State University, public transportation, restaurants, and entertainment. Public water and sewer serve the site.
Key Highlights
- 4,337‑square‑foot property on a 0.14‑acre corner lot
- Commercial zoning; currently operated as a short‑term room rental
- Remodeled main and upper levels
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
$29,263
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
8.36%
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%
$585,260
$585.3K
Cap Rate 7%
$418,043
$418.0K
Cap Rate 9%
$325,144
$325.1K
Market Conditions
NOI Build-Up for 4,337 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
$44.2K $10.20/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$41.8K $9.64/SF
− OpEx
−$12.5K −$2.89/SF
NOI
$29.3K $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%
$585,260
Cap Rate 7%
$418,043
Cap Rate 9%
$325,144
Alternative Uses
Best Use
Multifamily LT 5
$418.0K
$365.8K – $487.7K
NOI $29,263 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 7.79%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,720
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
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled main and upper levels accompany a basement and enclosed porch.
Where is this duplex located?
The property is located at 653 S 4th Avenue 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: 4,337‑square‑foot property on a 0.14‑acre corner lot; Commercial zoning; currently operated as a short‑term room rental; Remodeled main and upper levels
