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Triplex Investment Property with Carports

1824 Poplar St. Caldwell, ID 83605

Claim this Listing
Pending
$549,900

MULTI_FAMILY - Caldwell, ID

Property size:
2,955 SF
Lot size:
0.25 Acres
Added:
May 8, 2026
Days on Market:
64
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 1824 Poplar St.

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7, 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
R0288800000
Size
2,955 SF
Lot size
0.25 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
34-4N-3W NE KINGS REPLAT LT 1 BLK 2
Tax Annual Amount
3557

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# 98985590 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 well-maintained triplexes near the College of Idaho, with two triplexes available that are next door to each other. One building includes the addresses 1824 Poplar, 2810 Ohio, and 2804 Ohio. In this triplex, there are two units with 3 bedrooms and 1.5 baths, along with a third unit featuring 1 bedroom and 1 bath.

The two 3-bedroom units include wood-burning fireplaces. Each unit is equipped with a refrigerator and has W/D hookups. The property also features carports with attached storage rooms.

The unit mix supports a variety of tenant needs within the same building, with larger layouts that include fireplaces and smaller, single-bedroom living space. Carports with storage and in-unit refrigerator and laundry hookups add day-to-day practicality for residents. Public remarks also indicate very low tenant turnover, which may be beneficial for operators seeking stability.

Key Highlights

  • Triplex built in 1977 with frame construction and composition roof
  • Unit mix: two 3BD/1.5BA units plus one 1BD/1BA unit
  • Wood‑burning fireplace(s) in both 3‑bedroom units

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 $80.1k $27.12
− Vacancy −$2.9k −$0.99
EGI $77.2k $26.13
− OpEx −$34.7k −$11.76
NOI $42.5k $14.37
2,955 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$606.6K
$530.8K – $707.7K (±1% cap)
NOI $42,464 @ 7.0% cap · market cap 7.72%
Second Best
Multifamily LT 5
$253.3K
$221.6K – $295.5K (±1% cap)
NOI $17,729 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$787.1K
$688.7K – $918.3K (±1% cap)
NOI $55,095 @ 7.0% cap · market cap 10.02%
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 - Well-maintained triplex near the College of Idaho with two 3-bedroom units and one 1-bedroom unit plus carports.
Where is this triplex located?
The property is located at 1824 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: Triplex built in 1977 with frame construction and composition roof; Unit mix: two 3BD/1.5BA units plus one 1BD/1BA unit; Wood‑burning fireplace(s) in both 3‑bedroom units
Contact an agent
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