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    Triplex with Shop and RV Parking Title is generated by Realmo AI

    112 Main St, Elk River, ID 83827

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    For Sale
    $399,000

    MULTI_FAMILY - Elk River, ID

    Property size:
    2,075 SF
    Price / SF:
    $192/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 112 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2
    Parking
    5
    Parking features
    Garage
    Interior features
    Bathroom, Bedroom, Kitchen, Living Area, Loft, Shower, Sink, Workbench, Walk In Shower
    Appliances
    Stove/Range (Some Units), Refrigerator (All Units), Washer/Dryer (Some Units)
    Standard status
    Active
    APN
    RPD04000080010
    Size
    2,075 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot1, Block 8, Elk River Original, according to the recorded plat thereof.
    Tax Annual Amount
    1635

    Utilities

    Heating system
    Electric (Heating), Forced Air, Wood
    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Number of units
    3
    Flooring type
    Concrete
    Building materials
    Brick, Concrete
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Brenda Halen

    Listing agent Brenda Halen License #SP51062

    Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID

    Listing date Jun 2, 2026

    MLS# 98988688 Listing URL

    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.

    HighLights

    • Built in 1913 with brick and concrete construction and rolled hot mop roof
    • Multi‑space setup with three bedrooms and three bathrooms across separate living areas
    • Central air cooling with electric and forced‑air heating options (plus wood heat)
    • 30x48 shop with living quarters, plus loft storage
    • Private fenced yard and a deck
    • RV parking with power, along with garage parking

    Overview

    This property is a versatile triplex with three separate living spaces, offering multiple ways to generate income. Owners can live in one unit while renting the others, or use all three as short-term rentals to match visitor demand. In addition to the residences, the site includes a spacious 30x48 shop with living quarters, loft storage, and a deck. Outside, there is a private fenced yard, adding useful privacy and functionality for guests or tenants.

    Located in Elk River, Idaho, the home is positioned in a mountain community that draws visitors year-round for hunting, fishing, ATV riding, snowmobiling, and outdoor adventure. That tourism-driven activity supports the property’s vacation-rental orientation and helps create demand for flexible lodging options. The property also includes RV parking with power, which can further broaden its appeal to traveling guests.

    For investors, this setup provides an income-producing structure with the ability to scale how the spaces are utilized, depending on market conditions and your operating preferences. For owner-operators, the ability to occupy one unit while earning from the others can make the property more manageable and cash-flow focused. The combination of residential units, shop space with living quarters, and on-site amenities supports a practical “live and earn” strategy in a recreation-oriented market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elkspresso B&B Cafe & Coffee Shop Elk River Food ... Food Bank

    Suggested Use

    Bed & Breakfast Big Box & Wholesale Store Bar & Pub Cafe & Coffee Shop Travel Agency Parking Lot & Garage Real Estate Agency Hotel & Motel Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk River
    County
    Clearwater
    State
    Idaho
    Longitude
    -116.1789049
    Latitude
    46.7829452

    FAQs

    What type of property is this?
    Triplex - Three separate living spaces offer flexible owner occupancy or short-term rental income, complemented by a 30x48 shop and RV parking.
    Where is this triplex located?
    The property is located at 112 Main St Elk River, ID.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Built in 1913 with brick and concrete construction and rolled hot mop roof; Multi‑space setup with three bedrooms and three bathrooms across separate living areas; Central air cooling with electric and forced‑air heating options (plus wood heat)
    (208) 748-9947
    We can help!
    Listing Contact
    Brenda Halen
    Real Estate License ID: SP51062
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    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.

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