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.
Presented By: Keller Williams Realty Boise
Interior Features for 310 E Center St
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Basement (Y/N)No
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo
General for 310 E Center St
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquare Feet
Business TypeMulti-Family
Cap Rate6.3
Carport Y/NNo
CityPocatello
Construction MaterialsBrick, Frame
CountyBannock
DirectionsFrom S 1st Ave, E on E Center St, property on left
FreeholdIDX, BBO
Garage Y/NNo
Gross Income224172
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
LeasableAreaUnitsSquare Feet
Legal DescriptionS26-T6S-R34E LOTS 11 TO 13;S15' LOT 14, BLOCK 345 POCATELLO TOWNSITE
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet21344.4
Lot Size UnitsAcres
MLS AreaOut of Area - 2000
ModificationTimestamp2025-07-28T17:19:22.400Z
New ConstructionNo
Number Of Units Total42
Operating Expense105793
Possible UseLand Suitable(Retail), Industrial Suitable(Business Park, Condo, Flex Space), Residential Income Suitable(Single Unit/SFR-Condo), Retail Suitable(Restaurant/Bar), Special Purpose Suitable(Historic Distric
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