Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    503 Caribou Dr Mountain Home, ID 83647

    View on Map
    For Sale
    $689,900

    MULTI_FAMILY - Mountain Home, ID

    Property size:
    3,836 SF
    Added:
    Jan 27, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 2 at 10:06 am

    Property Features for 503 Caribou Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bathroom 4, Bedroom 1, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 8
    Parking
    4
    Parking features
    Carport
    Appliances
    Stove/Range (All Units), Washer/Dryer (All Units)
    Standard status
    Active
    APN
    RPA02210020020A
    Size
    3,836 SF

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lot 2 Blk 2 Mountain Ridge #2
    TaxAnnualAmount
    6395

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Frame, Vinyl Siding

    We can help!

    Listing Contact
    Matt Baisley

    Listing agent Matt Baisley License #SP53437

    Listing office Homes of Idaho 3597 E Monarch Sky Lane, Nampa, ID

    Listing date Jan 27, 2026

    MLS# 98972896

    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.

    Overview

    Mountain Home Fourplex Investment Opportunity

    This four-unit multi-family property is located in Mountain Home, Idaho. The property is fully rented and in good condition, offering a consistent income stream. The building has a total area of 3,836 square feet. Its location provides convenient access to local amenities, schools, and base access. This property presents a stable, income-producing asset in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Home
    County
    Elmore
    State
    Idaho
    Longitude
    -115.697914
    Latitude
    43.113525

    Nearby Similar for Sale

    • $760,000
      4,284 SF

      Mountain Home Multifamily Investment Property

      Iconic 8-unit rental property with excellent rental history.
      405 N 2nd E, Mountain Home, ID 83647
      View Details
    • $1,250,000
      5,108 SF

      Mountain Home Turn-Key Investment Opportunity

      Newly built fourplex with strong rental appeal in Mountain Home.
      961 NW Foster Ave, Mountain Home, ID 83647
      View Details
    • $975,000

      70 Acres in Mountain Home

      70 acres of land for sale in Mountain Home, ID.
      11928 W Tilli Rd, Mountain Home, ID 83647
      View Details
    • $670,000
      2,700 SF

      Mountain Home Multifamily Investment Opportunity

      Multifamily investment property in Mountain Home, Idaho. 100% occupied.
      910-1015 E 9th S Street, Mountain Home, ID 83647
      View Details
    • $1,456,525

      Mixed-Use Investment Property For Sale

      Industrial suites, storage units, and yard near major employers.
      685 W Airbase Rd, Mountain Home, ID 83647
      View Details
    • Contact for pricing
      1,277 SF

      Bradford Street Townhomes Investment Opportunity

      38-unit townhome development with growth potential in Mountain Home, ID.
      368 Bradford Street, Mountain Home, ID, 83647
      View Details
    • $995,000
      1,888 SF

      New NNN Lease Investment

      New 5-year NNN lease in Mountain Home, Idaho.
      125 S 10th St E, Mountain Home, ID 83647
      View Details
    • $760,000
      4,284 SF

      Mountain Home 8-Unit Rental Property

      Iconic 8-unit rental property with excellent rental history in Mountain Home.
      405 N 2nd E St, Mountain Home, ID 83647
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully rented fourplex in Mountain Home, ideal investment property.
    Where is this quadplex located?
    The property is located at 503 Caribou Dr Mountain Home, ID.
    What is the asking price?
    The asking price for this property is $689,900.
    What are key features of this property?
    This property features: Fully rented 4‑plex providing immediate, turn‑key income stream.; Great condition and well‑maintained units minimizing immediate expenses.; Strong rental demand and dependable cash flow due to consistent occupancy.
    (208) 371-3878
    We can help!
    Listing Contact
    Matt Baisley
    Real Estate License ID: SP53437
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!