Updated Duplex with
For Sale
$249,900
824 W Wyeth, Pocatello, ID 83204
MULTI-FAMILY, Pocatello, ID
Property Size1,680 SF
Lot Size0.06 Acres
Price / SF$148.75
Days on Market72
Property Features for 824 W Wyeth
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Elementary school
Jefferson
Middle school
Irving
High school
Pocatello
Subdivision
West Pocatello
Standard status
Active
Size
1,680 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1401
Utilities
Heating system
Baseboard
Water source
Public
Amenities
enclosed yard
porch
shared laundry
extra storage
Building Details
Year built
1940
Number of units
2
Listing Agency:
Equity Northwest Real Estate
(208) 949-6738
Listed By:
Lisa Barrus
(435) 881-9717
Added: Jul 24
Changed: Sep 16
Last Checked: Oct 3 at 3:06AM
MLS# 583175
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 1,680-square-foot duplex, built in 1940, contains two apartments with functional room layouts, three bedrooms, and two bathrooms. The upper unit includes a tiled bathroom, while both apartments offer comfortably sized rooms. Baseboard heating serves the property, and water is supplied publicly. Recent improvements include a roof replacement within the last couple years and well-maintained exterior paint.
Outdoor features include an enclosed yard, a porch with mountain views, and a two-car carport. Shared laundry and extra storage provide added utility for the occupants. The property sits on 0.06 acres and carries Residential zoning. Showings require 48 hours' notice.
Outdoor features include an enclosed yard, a porch with mountain views, and a two-car carport. Shared laundry and extra storage provide added utility for the occupants. The property sits on 0.06 acres and carries Residential zoning. Showings require 48 hours' notice.
Key Highlights
- 1,680‑square‑foot duplex on a 0.06‑acre lot
- Two apartments with 3 bedrooms and 2 bathrooms
- Roof replaced within the last couple years
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
$11,335
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
4.54%
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%
$226,700
$226.7K
Cap Rate 7%
$161,929
$161.9K
Cap Rate 9%
$125,944
$125.9K
Market Conditions
NOI Build-Up for 1,680 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
$17.1K $10.20/SF
− Vacancy
−$942 −$0.56/SF
EGI
$16.2K $9.64/SF
− OpEx
−$4.9K −$2.89/SF
NOI
$11.3K $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%
$226,700
Cap Rate 7%
$161,929
Cap Rate 9%
$125,944
Alternative Uses
Best Use
Multifamily LT 5
$161.9K
$141.7K – $188.9K
NOI $11,335 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$150.8K
$132.0K – $175.9K
NOI $10,556 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 83204, ID
18,408
Population
8,238
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
280.1 sq mi
ZIP Area
66
Density / Sq Mi
$55,191
Median Household Income
$33,806
Median Earnings
$748
Median Rent
$233,000
Median Home Value
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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 - Two-unit residential property with enclosed outdoor space, shared laundry, and additional storage.
Where is this duplex located?
The property is located at 824 W Wyeth Pocatello, ID.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,680‑square‑foot duplex on a 0.06‑acre lot; Two apartments with 3 bedrooms and 2 bathrooms; Roof replaced within the last couple years
