Turn-Key Triplex with Fenced
2803 College Ave Caldwell, ID 83605
For Sale
$599,900
Pending
MULTI_FAMILY - Caldwell, ID
Property Size2,304 SF
Days on Market155
Property Features for 2803 College Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3
Parking
3
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Standard status
Pending
APN
03872010 0
Size
2,304 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
34-4N-3W NE MOUNTAIN VIEW ADD TX 24511 IN LT 1, 2 & 3 BLK 81
Tax Annual Amount
3228
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1994
Number of units
3
Flooring type
Laminate
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Peterson & Associates REALTORS, LLC
(208) 466-4098
Listed By:
Julie Skogsberg · License #24040
(208) 989-1861
Added: Feb 25
Changed: Jul 27
Last Checked: Jul 30 at 9:06AM
MLS# 98975918
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 turn-key triplex offers three units with similar layouts. Recent improvements include a new roof in 2025 and HVAC systems installed in 2022 for two of the units. Interiors feature laminate flooring and fresh interior paint, and refrigerators are included. Washer and dryer hookups are available, and each unit has access to a fully fenced private yard.
The property is located in Caldwell, Idaho with easy access to I-84. It is also positioned near schools, shopping, dining, and entertainment.
For buyers seeking residential income property, the current configuration provides flexibility with one unit vacant and ready for occupancy. The included appliances and ongoing maintenance help reduce near-term operational work, while the private yard for each unit supports tenant appeal and day-to-day livability.
The property is located in Caldwell, Idaho with easy access to I-84. It is also positioned near schools, shopping, dining, and entertainment.
For buyers seeking residential income property, the current configuration provides flexibility with one unit vacant and ready for occupancy. The included appliances and ongoing maintenance help reduce near-term operational work, while the private yard for each unit supports tenant appeal and day-to-day livability.
Key Highlights
- Turn‑key triplex built in 1994 with similar layouts across all three units
- New roof installed in 2025; two units have new HVAC systems installed in 2022
- Heating is forced air natural gas and each unit has central air cooling
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 | $62.5k | $27.12 |
| − Vacancy | −$2.3k | −$0.99 |
| EGI | $60.2k | $26.13 |
| − OpEx | −$27.1k | −$11.76 |
| NOI | $33.1k | $14.37 |
2,304 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$473.0K
$413.9K – $551.8K
NOI $33,109 @ 7.0% cap · market cap 5.52%
Second Best
Multifamily LT 5
$197.5K
$172.8K – $230.4K
NOI $13,823 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$613.7K
$537.0K – $716.0K
NOI $42,957 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-updated triplex with multiple HVAC and new roof, each unit with private fenced yard and included refrigerators.
Where is this triplex located?
The property is located at 2803 College Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Turn‑key triplex built in 1994 with similar layouts across all three units; New roof installed in 2025; two units have new HVAC systems installed in 2022; Heating is forced air natural gas and each unit has central air cooling
