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653 S 4th Ave, Pocatello, ID 83201

$350,000
: 8
BD
: 3
BA
: 4,337
SqFt

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List Price: $350,000
MLS#: 2189608
Status: ACTIVE
Price Per Sqft: $80
Bedrooms: 8
Bathrooms: 3
Full-baths: 3
Sq. Ft: 4,337
Acres: 0.14
Year Built: 1940
Subdivision: Pocatello Townsite-Ban

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Property Description

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.

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Additional Information

Taxes: $3,812
Interior Features: Renovated
Appliances: Dishwasher, Refrigerator
Roof: Composition
Cooling: Central Air
Heating: Natural Gas, Forced Air
Water: Public
Sewer: Public Sewer
Elementary School: Indian Hills
Middle School: Irving Jr High
High School: Century 25HS