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612 N. Arthur 612 N Arthur Ave 2 Unit Apartment Building $410,173 CAD ($205,087 CAD/Unit) 7.44% Cap Rate Pocatello, ID 83204
Investment Highlights
- Commercial zoning with residential use grandfathered
- Rear unit finished in 2022
- Corner lot
Executive Summary
TWO HOMES FOR THE PRICE OF ONE! CHARMING VINTAGE HOME IN FRONT AND SEPERATE SINGLE LEVEL APARTMENT IN BACK! 3 bedroom/1 bathroom home that compliments Pocatello's historic Old Town location. Original hardwood floors and woodwork still shine through nearly 90 years after being constructed and enhances the classic staircase that leads to two of the bedrooms. The former shop in the rear of the property has recently been finished into a spacious 2 bedroom apartment complete with laundry hookups. Tenants have access to off-street parking in front of the apartment while also enjoying a quaint, well landscaped backyard that is fenced. Front home rents for $1100, rear home rents for $975. Front unit is on a month-to-month contract with the tenant being there for over 2.5 years. Back unit recently signed a 1 year lease.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$34,056
|
$9.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,056
|
$9.73
|
| Taxes |
$3,575
|
$1.02
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,575
|
$1.02
|
| Net Operating Income |
$30,481
|
$8.71
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $34,056 |
| Annual Per SF | $9.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $34,056 |
| Annual Per SF | $9.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,575 |
| Annual Per SF | $1.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,575 |
| Annual Per SF | $1.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $30,481 |
| Annual Per SF | $8.71 |
Property Facts
| Price | $410,173 CAD | Apartment Style | Townhome |
| Price Per Unit | $205,087 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.44% | Building Size | 3,500 SF |
| Gross Rent Multiplier | 11.64 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C - Commercial zoning with residential use permitted. | ||
| Price | $410,173 CAD |
| Price Per Unit | $205,087 CAD |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| Gross Rent Multiplier | 11.64 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial zoning with residential use permitted. |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Basement
- Dining Room
- Family Room
- Loft Layout
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,504 CAD | 2,380 |
| 2+1 | 1 | $1,334 CAD | 1,120 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | RPPOC297502 | Total Assessment | $337,777 CAD (2025) |
| Land Assessment | $82,062 CAD (2025) | Annual Taxes | $3,575 CAD ($1.02 CAD/SF) |
| Improvements Assessment | $255,715 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
RPPOC297502
Land Assessment
$82,062 CAD (2025)
Improvements Assessment
$255,715 CAD (2025)
Total Assessment
$337,777 CAD (2025)
Annual Taxes
$3,575 CAD ($1.02 CAD/SF)
Tax Year
2024
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612 N. Arthur | 612 N Arthur Ave
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