Investor opportunity with immediate income potential and significant upside. Located just minutes from ISU, public transportation, restaurants and entertainment, this commercially zoned property is currently operating as a short-term room rental and offers multiple paths for future income generation. The property features 7 bedrooms plus a dedicated office, making it well-positioned for student housing, workforce housing, co-living arrangements, or other investment strategies. The main & upper levels have been remodeled and are ready for occupancy, allowing investors to capitalize on existing rental potential while planning future improvements. A major value-add opportunity is found in the basement with potential to expand rentable square footage, increase occupancy, or create a separate income-producing living area. Situated on a corner lot with an enclosed porch, the property offers strong functionality and curb appeal. Commercial zoning provides additional flexibility and long-term potential beyond traditional residential use. Whether you’re seeking a cash-flowing asset, student housing investment, house-hack opportunity, or a property with room to increase returns through improvements, this property delivers a compelling combination of location, scale, and upside potential.
Property Details
Price:
$350,000
MLS #:
2189608
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Subdivision:
POCATELLO TOWNSITE-BAN
Listed Date:
Oct 1, 2026
Finished Sq Ft:
4,337
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1940
Pocatello Townsite-banIndian HillsIrving Jr HighCentury 25hs
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Schools
Elementary School:
INDIAN HILLS
Middle School:
IRVING JR HIGH
High School:
CENTURY 25HS
Interior
Blw Grade Sq Ft
1723
Total Full Baths
3
Exterior
Financial
Taxes
$3,812
Map
Community
- Address653 4th Avenue POCATELLO ID
- SubdivisionPOCATELLO TOWNSITE-BAN
- CityPOCATELLO
- CountyBannock
- Zip Code83201
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