Duplex with RV
For Sale
$394,000
2009 E Linden Street, Caldwell, ID 83605
Residential Income, Caldwell, ID
Property Size2,537 SF
Lot Size0.22 Acres
Price / SF$155.30
Days on Market56
Property Features for 2009 E Linden Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Parking
4
Parking features
RV, Driveway
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F, Garden, R. V. Parking, Sidewalks
Elementary school
Wilson
Middle school
Jefferson
High school
Caldwell
Elementary school district
Caldwell School District #132
Middle school district
Caldwell School District #132
High school district
Caldwell School District #132
Directions
From Cleveland Bvld, West on Linden.
Standard status
Active
APN
0093500000
Size
2,537 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
27-4N-3W Se College Heights Add Lt 13 Ls W 6' & St; Lt 14 & 15 & 1/2 Adj Alley In Blk 21 Ls St
Tax Annual Amount
2439
Legal Description
27-4N-3W Se College Heights Add Lt 13 Ls W 6' & St; Lt 14 & 15 & 1/2 Adj Alley In Blk 21 Ls St
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1940
Number of units
2
Flooring type
Vinyl
Building materials
Concrete, Masonry
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Robert Zahm · License #SP57655
(208) 504-7288
Added: Aug 7
Changed: Sep 29
Last Checked: Oct 1 at 10:06AM
MLS# 98996874
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.
Built in 1940, this duplex contains 2,537 square feet on a 0.22-acre lot. The property includes two bathrooms and five listed bedrooms, along with separate electric and water meters for the units. Interior features include vinyl flooring, electric heat, concrete and masonry construction, and a composition roof. Each unit is equipped with a stove/range and refrigerator.
Exterior parking includes a driveway and designated RV parking. Mature trees shade the lot, which also provides space for a garden. The property is located less than 1/2 mile from the College of Idaho and near Indian Creek and local parks.
Exterior parking includes a driveway and designated RV parking. Mature trees shade the lot, which also provides space for a garden. The property is located less than 1/2 mile from the College of Idaho and near Indian Creek and local parks.
Key Highlights
- 2,537‑square‑foot duplex on a 0.22‑acre lot
- Separate electric and water meters for both units
- Five listed bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,420
$304.4K
Cap Rate 7%
$217,443
$217.4K
Cap Rate 9%
$169,122
$169.1K
Market Conditions
NOI Build-Up for 2,537 SF
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.
Gross rent
$22.5K $8.88/SF
− Vacancy
−$784 −$0.31/SF
EGI
$21.7K $8.57/SF
− OpEx
−$6.5K −$2.57/SF
NOI
$15.2K $6.00/SF
Area
Canyon County, ID
Vacancy
3.48%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,420
Cap Rate 7%
$217,443
Cap Rate 9%
$169,122
Alternative Uses
Best Use
Apartment 5plus
$520.8K
$455.7K – $607.6K
NOI $36,457 @ 7.0% cap · market cap 9.25%
Second Best
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve the two-unit property, with driveway parking and room for RV storage.
Where is this duplex located?
The property is located at 2009 E Linden Street Caldwell, ID.
What is the asking price?
The asking price for this property is $394,000.
What are key features of this property?
This property features: 2,537‑square‑foot duplex on a 0.22‑acre lot; Separate electric and water meters for both units; Five listed bedrooms and two bathrooms
