Duplex with Valley
For Sale
$415,000
871 Renee, Pocatello, ID 83204
Duplex near Idaho State University and Portneuf Medical Center with Airbnb and room-rental operating history.
Property Size2,480 SF
Price / SF$167.34
Days on Market67
Property Features for 871 Renee
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1976
Listing Agency:
Real Broker LLC
Listed By:
Dan Thomas · License #SP43305
(208) 360-1293
Source:
Idahohomerealty
Added: Aug 5
Changed: Oct 1
Last Checked: Oct 9 at 7:36PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 2,480-square-foot duplex was built in 1976 and overlooks the valley, with sunset views identified as a notable property feature. The residence has previously operated through both Airbnb and room-rental models, providing a documented basis for evaluating different rental approaches.
The property is located near Idaho State University and Portneuf Medical Center in Pocatello. The available remarks identify short-term, mid-term, and long-term rental strategies, along with demand from students, healthcare workers, visitors, and other occupants. Its duplex configuration and established rental-use history support consideration by investors or an owner-occupant evaluating supplemental income.
The property is located near Idaho State University and Portneuf Medical Center in Pocatello. The available remarks identify short-term, mid-term, and long-term rental strategies, along with demand from students, healthcare workers, visitors, and other occupants. Its duplex configuration and established rental-use history support consideration by investors or an owner-occupant evaluating supplemental income.
Key Highlights
- 2,480‑square‑foot duplex built in 1976
- Valley outlook with sunset views
- Prior Airbnb operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,733
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,660
$334.7K
Cap Rate 7%
$239,043
$239.0K
Cap Rate 9%
$185,922
$185.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$25.3K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$23.9K $9.64/SF
− OpEx
−$7.2K −$2.89/SF
NOI
$16.7K $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 Rate 5%
$334,660
Cap Rate 7%
$239,043
Cap Rate 9%
$185,922
Alternative Uses
Best Use
Multifamily LT 5
$239.0K
$209.2K – $278.9K
NOI $16,733 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$222.6K
$194.8K – $259.7K
NOI $15,582 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,766 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
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 - Duplex near Idaho State University and Portneuf Medical Center with Airbnb and room-rental operating history.
Where is this duplex located?
The property is located at 871 Renee 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: 2,480‑square‑foot duplex built in 1976; Valley outlook with sunset views; Prior Airbnb operating history
