Duplex With RV
For Sale
$470,000
Pending
2220 Big Sky St, Caldwell, ID 83605
Residential Income, Caldwell, ID
Property Size2,132 SF
Lot Size0.25 Acres
Days on Market112
Property Features for 2220 Big Sky St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2
Parking
4
Parking features
RV
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Subdivision
Winn
Lot features
Standard Lot 6000-9999 S F, Irrigation, R. V. Parking, Sidewalks
Elementary school
Van Buren
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
N. on N. Illinois (10th Ave), E. on Marble Front, S. on N. Georgia, W. on Big Sky
Standard status
Pending
APN
R0751400000
Size
2,132 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23-4N-3W NW WINN ADD LT 6 BLK 1, Caldwell, Canyon County, Idaho
Tax Annual Amount
3015
Legal Description
23-4N-3W NW WINN ADD LT 6 BLK 1, Caldwell, Canyon County, Idaho
Utilities
Heating system
Electric (Heating), Wood, Forced Air
Cooling system
Central Air
Building Details
Year built
1978
Number of units
2
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Josh Cormier · License #DB45611
(208) 484-7104
Added: May 5
Changed: Aug 19
Last Checked: Aug 24 at 11:06PM
MLS# 98984932
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 2,132-square-foot duplex was built in 1978 and offers two separate residences. The larger unit is occupied by long-term tenants, while the smaller unit is vacant and available for occupancy. Both units include a disposal, stove/range, and refrigerator; washer/dryer equipment is provided in some units. The property also includes central air, electric and forced-air heating, wood heat, composition roofing, frame construction, and wood siding.
Outdoor features include a yard, a covered seating area serving the smaller unit, and RV parking. The larger residence has full use of the yard, while the covered seating area provides an outdoor amenity for the smaller residence. Located at 2220 Big Sky St in Caldwell, Idaho, the property sits on a 0.2529-acre lot.
Outdoor features include a yard, a covered seating area serving the smaller unit, and RV parking. The larger residence has full use of the yard, while the covered seating area provides an outdoor amenity for the smaller residence. Located at 2220 Big Sky St in Caldwell, Idaho, the property sits on a 0.2529-acre lot.
Key Highlights
- 2,132‑square‑foot duplex on a 0.2529‑acre lot
- Larger unit occupied by long‑term tenants; smaller unit vacant
- RV parking and yard area included
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
$30,637
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
6.52%
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%
$612,740
$612.7K
Cap Rate 7%
$437,671
$437.7K
Cap Rate 9%
$340,411
$340.4K
Market Conditions
NOI Build-Up for 2,132 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
$57.8K $27.12/SF
− Vacancy
−$2.1K −$0.99/SF
EGI
$55.7K $26.13/SF
− OpEx
−$25.1K −$11.76/SF
NOI
$30.6K $14.37/SF
Area
Canyon County, ID
Vacancy
3.66%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
45.00%
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%
$612,740
Cap Rate 7%
$437,671
Cap Rate 9%
$340,411
Alternative Uses
Best Use
Apartment 5plus
$437.7K
$383.0K – $510.6K
NOI $30,637 @ 7.0% cap · market cap 6.52%
Second Best
Multifamily LT 5
$182.7K
$159.9K – $213.2K
NOI $12,791 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$567.9K
$496.9K – $662.5K
NOI $39,750 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
228
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the second has long-term tenant occupancy.
Where is this duplex located?
The property is located at 2220 Big Sky St Caldwell, ID.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,132‑square‑foot duplex on a 0.2529‑acre lot; Larger unit occupied by long‑term tenants; smaller unit vacant; RV parking and yard area included
