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Well-Maintained Triplex Portfolio

1820 Poplar St. Caldwell, ID 83605

Claim this Listing
Pending
$549,900

MULTI_FAMILY - Caldwell, ID

Property size:
2,800 SF
Lot size:
0.23 Acres
Added:
May 8, 2026
Days on Market:
64
Last Refresh:
Jul 10 at 8:06 pm

Property Features for 1820 Poplar St.

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1
Parking
6
Parking features
Driveway, Carport
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Standard status
Pending
APN
R0288900000
Size
2,800 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
34-4N-3W NE KINGS REPLAT LOT 2 BLK 2
Tax Annual Amount
3425

Utilities

Heating system
Fireplace(s), Electric (Heating), Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)

Building Details

Year built
1977
Number of units
3
Building materials
Frame
Roof type
Composition

Listing agent Tami Mchugh License #AB25327

Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID

Listing date May 8, 2026

MLS# 98985603 Listing URL

Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering includes two well-maintained triplex properties next door to each other on Poplar Street. One triplex is at 1818, 1820, and 1822 Poplar, and the other is listed as 1824 Poplar. Across the buildings, each unit is a two-bedroom, one-bath layout. Interiors include wood-burning fireplaces, refrigerators, and washer/dryer hookups. Each unit also has a carport with an attached storage room, providing dedicated off-street parking and additional space for residents.

The properties are located in Caldwell, Idaho, near the College of Idaho. With the two triplexes positioned side by side, the configuration offers a straightforward ownership structure for an investor or buyer looking to manage multiple similar income units in close proximity.

Each unit’s amenity package is consistent, which can simplify tenant move-ins and maintenance planning. The seller also notes very low tenant turnover, suggesting established residency and operational stability. For buyers seeking a small multifamily portfolio with uniform unit types and practical in-unit features like fireplaces and W/D hookups, these triplex buildings provide a focused option in a residential income format.

Key Highlights

  • Two triplexes available next door to each other near the College of Idaho
  • Triplex includes addresses 1818, 1820, and 1822 Poplar
  • All units are 2 bedrooms / 1 bathroom

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $75.9k $27.12
− Vacancy −$2.8k −$0.99
EGI $73.2k $26.13
− OpEx −$32.9k −$11.76
NOI $40.2k $14.37
2,800 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$574.8K
$503.0K – $670.6K (±1% cap)
NOI $40,236 @ 7.0% cap · market cap 7.32%
Second Best
Multifamily LT 5
$240.0K
$210.0K – $280.0K (±1% cap)
NOI $16,799 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K (±1% cap)
NOI $52,205 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm HVAC Service Plumbing Service Garden Center Locksmith Carpet & Flooring Store Daycare Center Tech Support Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Two side-by-side triplexes offering consistent two-bedroom, one-bath units with fireplaces and attached storage carports.
Where is this triplex located?
The property is located at 1820 Poplar St. Caldwell, ID.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two triplexes available next door to each other near the College of Idaho; Triplex includes addresses 1818, 1820, and 1822 Poplar; All units are 2 bedrooms / 1 bathroom
Contact an agent
More about this property
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