Duplex with Valley
For Sale
$415,000
871 Renee, Pocatello, ID 83204
Residential Income, Pocatello, ID
Property Size2,480 SF
Lot Size0.32 Acres
Price / SF$167.34
Days on Market32
Property Features for 871 Renee
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
General Zoning: Res-Multi-Family, Specific Zoning: Pocatello-Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 4, Bedroom 1, Bathroom 3
Parking
2
Basement
Finished, Daylight, Exterior Entry, Walk-Out Access
Subdivision
Farr-Ens Estates-Ban
Elementary school
Tendoy
Middle school
Franklin
High school
Century 25HS
Directions
https://maps.app.goo.gl/yChBD5g4WaDCaVwT6
Standard status
Active
APN
RPFNE001500
Size
2,480 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S24-T6s-R34e Lot 2 Block 2 Farr-Ens Estates
Tax Annual Amount
2870
Legal Description
S24-T6s-R34e Lot 2 Block 2 Farr-Ens Estates
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1976
Number of units
2
Building materials
Wood Siding
Listing Agency:
Real Broker LLC
(208) 841-3088
Listed By:
Dan Thomas · License #SP43305
(208) 360-1293
Added: Sep 2
Changed: Sep 23
Last Checked: Oct 3 at 4:06AM
MLS# 2188955
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 duplex offers 2480 square feet with five bedrooms, three bathrooms, and a basement on a 0.32-acre parcel. Built in 1976, the property has wood siding, heat-pump heating and cooling, ductless heating, public water, and public sewer.
The home is located near Idaho State University and Portneuf Medical Center in Pocatello. Valley views and sunset exposures add a distinct setting, while the property’s documented operating history includes both room rentals and Airbnb use. The layout and existing systems support consideration of short-term, mid-term, or long-term rental formats, subject to applicable requirements.
The home is located near Idaho State University and Portneuf Medical Center in Pocatello. Valley views and sunset exposures add a distinct setting, while the property’s documented operating history includes both room rentals and Airbnb use. The layout and existing systems support consideration of short-term, mid-term, or long-term rental formats, subject to applicable requirements.
Key Highlights
- Duplex with 2480 square feet, five bedrooms, three bathrooms, and a basement
- Located near Idaho State University and Portneuf Medical Center
- 0.32‑acre parcel at 871 Renee, Pocatello, ID 83204
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
$16,733
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
4.03%
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%
$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
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
$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 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%
$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
Location Intelligence
Trade Area within ½ mile
1,600
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
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?
Duplex - Five-bedroom duplex with a basement, public utilities, and heat-pump systems.
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: Duplex with 2480 square feet, five bedrooms, three bathrooms, and a basement; Located near Idaho State University and Portneuf Medical Center; 0.32‑acre parcel at 871 Renee, Pocatello, ID 83204
