Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    315 Riverfront Dr Salmon, ID 83467

    Sponsored
    For Sale
    $1,050,000

    MULTI_FAMILY - Salmon, ID

    Property size:
    2,850 SF
    Lot size:
    0.73 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 19 at 11:06 pm

    Property Features for 315 Riverfront Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 6
    Bedrooms
    6
    Bathrooms
    6
    APN
    RPA0000600810A
    Parking
    1
    Exterior features
    Lighting
    Appliances
    Dishwasher, Microwave, Refrigerator, Oven, Stove
    Size
    2,850 SF
    Lot size
    0.73 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2021
    Number of units
    3
    Building materials
    Hardboard/Composition

    We can help!

    Listing Contact
    Anderson Hicks Group

    Keller Williams Realty East Idaho (208) 529-8888 [email protected]

    Listing agent Anderson Hicks Group (208) 227-5320

    Listing date Jan 8, 2026

    MLS# 2180761 Listing URL

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Riverfront Multifamily Investment Opportunity

    This riverfront property in Salmon features three newly built, fully furnished homes, each measuring 950 square feet. Located steps from the Salmon River and within walking distance of downtown, each identical unit includes 2 bedrooms and 2 bathrooms, tile showers, an open-concept living area with a fireplace, and a fully equipped kitchen. Each unit is equipped with a 65-inch TV in the living room and 55-inch TVs in each bedroom, along with two 50-gallon water heaters. Situated on a 0.73-acre riverfront lot, the property includes a detached 2-car garage. The property offers the potential to add movable tiny homes or RV sites along the river. Surrounded by shops, restaurants, and outdoor recreation, this turnkey investment is positioned to attract vacationers and deliver income. The property is intended for use as a residential income property. The total property size is 2850 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salmon
    County
    Lemhi
    State
    Idaho
    Longitude
    -113.8976826
    Latitude
    45.17962382

    Nearby Similar for Sale

    • $2,975,000
      10,740 SF

      Established Lodge in Salmon, Idaho

      Three-story log lodge with income potential in historic Salmon.
      13 Gott Ln, Salmon, ID 83467
      View Details
    • $2,975,000
      10,740 SF

      Salmon River Lodge with Income

      Established bed and breakfast with income potential in Salmon, Idaho.
      13 Gott Ln, Salmon, ID 83467
      View Details
    • $1,499,000
      6,692 SF

      Established Powersports Business on Highway 93

      Turn-key power sports and outdoor equipment business for sale.
      5 Demick Ln, Salmon, ID 83467
      View Details
    • $1,250,000
      6,692 SF

      Highway 93 S Frontage Property

      6,692 SF building on 5 acres in Salmon, Idaho.
      5 Demick Ln, Salmon, ID 83467
      View Details
    • $800,000
      2,216 SF

      Turnkey Bar and Grill Business

      Operating bar and grill with RV hookups and living quarters.
      104 W Elkhorn Rd, Salmon, ID 83467
      View Details
    • $1,990,000
      2,768 SF

      Idaho Cattle Ranch with BLM Access

      357-acre cattle ranch with home, barns, and irrigation system.
      536 Lemhi Rd, Salmon, ID 83467
      View Details
    • $725,000
      5,940 SF

      Retail Business in Salmon, ID

      Established retail business for sale in downtown Salmon, Idaho.
      414 Main St, Salmon, ID 83467
      View Details
    • $290,000
      3,000 SF

      Commercial Shop with Highway Frontage

      Income-producing commercial property with shop space and highway visibility.
      35 Highway 93, Salmon, ID 83467
      View Details
    • $425,000
      0.08 Acres

      Downtown Salmon Commercial Property

      Prime Office & Warehouse Space - Updated!
      402 Van Dreff St, Salmon, ID 83467
      View Details
    • $99,000
      0.02 Acres

      Main Street Salmon Commercial Unit

      Prime Salmon location, tenant in place.
      1301 Main St, Salmon, ID 83467
      View Details
    • $320,000
      0.01 Acres

      Main Street Commercial Gem

      Salmon, ID Mixed-Use Property
      1414 Main St, Salmon, ID 83467
      View Details
    • $245,000
      0.07 Acres

      Salmon Riverfront Commercial Building

      Prime Location, Updated Kitchen & Offices
      700 Riverfront Dr, Salmon, ID 83467
      View Details

    FAQs

    What type of property is this?
    Apartment building - Three fully furnished homes near downtown Salmon with riverfront potential.
    Where is this apartment building located?
    The property is located at 315 Riverfront Dr Salmon, ID.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Rare riverfront property featuring three fully furnished, newly built homes.; - Strong income potential as a turnkey vacation rental investment.; - Each unit features **2 bedrooms, 2 bathrooms, fireplace**, and fully equipped kitchen.
    (208) 529-8888
    Request Owner's contact information
    315 Riverfront Dr Salmon, ID 83467
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    315 Riverfront Dr
    Salmon, ID 83467
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 Riverfront Dr Salmon, ID 83467
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anderson Hicks Group
    (208) 529-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.