Fully Leased Triplex
1107 E Elgin St. Caldwell, ID 83605
New
1107 E Elgin St., Caldwell, ID, 83605
$475,000
For Sale
$475,000
Three fully leased units generate income with easy access to I-84 via City Center Exit #28.
Property Size2,800 SF
Price / SF$169.64
Days on Market5
Property Features for 1107 E Elgin St.
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1973
Listing agency
Rallens Realty Consultants
(208) 870-7091
Listed by
Joshua Hadder
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 20 at 9:39PM Checked: Jul 21 at 4:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rallens Realty Consultants
Investment Insights
Based on property information with market context.
This for-sale triplex offers three residential units that are fully leased. The property is described as an income opportunity with a stated cap rate of 7.8% and rents noted as below market, creating room for potential rent growth. Public remarks also reference a vacancy rate under 4% in Caldwell.
The property is located at 1107 E Elgin St. in Caldwell, Idaho, with easy access to I-84 at the City Center Exit #28. The remarks note the property is just minutes from downtown Caldwell, College of Idaho, Amazon, Nampa, and Boise.
With a total property size of 2,800 square feet, this is a residential income asset positioned for investors seeking a currently leased, cash-flow focused structure.
The property is located at 1107 E Elgin St. in Caldwell, Idaho, with easy access to I-84 at the City Center Exit #28. The remarks note the property is just minutes from downtown Caldwell, College of Idaho, Amazon, Nampa, and Boise.
With a total property size of 2,800 square feet, this is a residential income asset positioned for investors seeking a currently leased, cash-flow focused structure.
Key Highlights
- Cap rate of 7.8%
- Three fully leased units with a reported <4% vacancy rate in Caldwell
- Under market rents, offering potential to increase rental income
Local 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 | $75.9k | $27.12 |
| − Vacancy | −$2.8k | −$0.99 |
| EGI | $73.2k | $26.13 |
| − OpEx | −$32.9k | −$11.76 |
| NOI | $40.2k | $14.37 |
2,800 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 8.47%
Second Best
Multifamily LT 5
$240.0K
$210.0K – $280.0K
NOI $16,799 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,205 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully leased units generate income with easy access to I-84 via City Center Exit #28.
Where is this triplex located?
The property is located at 1107 E Elgin St. Caldwell, ID.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Cap rate of 7.8%; Three fully leased units with a reported
