$1,890,000

Estimated payment $10,880/month

Total Views 2,539
-- Bed
-- Bath
42,780 Sq Ft
$44 Price per Sq Ft

Highlights

  • The property is located in a historic district
  • 0.34 Acre Lot
  • Property is near a bus stop
  • Century High School Rated 9+
  • Commercial or Retail Space
  • No Heating

About This Home

Investor-ready downtown Pocatello landmark! This fully functional, income-producing mixed-use building offers 42 residential units, 6 commercial storefronts, and over 16,000 SF of unfinished basement. All steps from Idaho State University. With recent capital upgrades (roof, HVAC, electrical, and more), this historic 47,000+ SF asset is primed for value-add strategies like sober living, student housing, or co-living. Current NOI supports a ~6% cap rate, with under-market rents and ~20% vacancy upside. Walkable location in Pocatello’s vibrant historic district. Zoned for flexible use. Ideal for investors, housing operators, or mission-driven groups. Schedule your tour and explore the potential of this amazing investment opportunity.

Listing Agent

Brent Hanson

Keller Williams Realty Boise Brokerage Phone: 208-672-9000 Listed on: 07/28/2025

Keller Williams Realty Boise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,015

Year Built

  • Built in 1915

Home Design

  • 42,780 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction
  • Frame Construction
  • Pre-Cast Concrete Construction

Location

  • Property is near a bus stop
  • The property is located in a historic district

Schools

  • Edahow Elementary School
  • Franklin Middle School
  • Highland School

Additional Features

  • 0.34 Acre Lot
  • No Heating

Community Details

  • 42 Units

Listing and Financial Details

  • Assessor Parcel Number RPPOC224400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,015

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • Property Sub Type: Other
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • CapRate: 6.3
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Attribution Contact: 208-672-9000
  • Special Features: None

Interior Features

  • Living Area: 42780

Exterior Features

  • Construction Type: Brick, Concrete, Frame

Utilities

  • Heating Yn: No

Schools

  • Elementary School: Edahow
  • Junior High Dist: Pocatello School District #25
  • High School: Highland (Pocatello)
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Features: 10000SF - .49, Bus on City Route
  • Parcel Number: RPPOC224400
  • Current Use: 5+ Units, Commercial Retail, Historic District
  • Lot Size Sq Ft: 14810.4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11015.36

Multi Family

  • Number Of Units Total: 42
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,015 $1,185,180 $133,770 $1,051,410
2024 $8,984 $843,770 $133,770 $710,000
2023 $6,810 $676,968 $102,900 $574,068
2022 $6,810 $409,093 $102,900 $306,193
2021 $6,936 $409,093 $102,900 $306,193
2020 $6,248 $397,600 $102,900 $294,700
2019 $8,557 $397,600 $102,900 $294,700
2018 $9,959 $397,600 $102,900 $294,700
2017 $10,644 $397,600 $102,900 $294,700
2016 $9,416 $378,908 $74,970 $303,938
2015 $9,500 $0 $0 $0
2012 -- $378,908 $74,970 $303,938
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2025 07/28/25 For Sale $1,890,000 -- $44 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title Pocatello
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 Future Advance Clause Open End Mortgage
Previous Owner $220,000 Commercial
Source: Public Records

Source: Intermountain MLS

MLS Number: 98956113

Intermountain MLS

APN: RPPOC224400