Triplex with Mixed Unit
For Sale
Contact for pricing
122 W HAZEL ST, Caldwell, ID 83605
Three-unit property combines two apartments with a larger single-family residence.
Property Size2,660 SF
Price / SF$215.79
Days on Market13
Property Features for 122 W HAZEL ST
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Multifamily, Land
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$44,400
Units
Unit Mix
2 x 1BR/1BA, 1 x 5BR
Multifamily Units
3
Building Details
Year Built
1947
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
First Service Group Real Est
(208) 343-9393
Listed By:
Christopher Todd · License #ID 42015
Source:
Crexi
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 2:17PM
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 First Service Group Real Est
Investment Insights
Based on property information with market context.
This 2,660-square-foot triplex, built in 1947, includes two 1-bedroom, 1-bath units and one 5-bedroom single-family home. The varied floor plans create a three-unit configuration with both apartment and residential components, supported by an established rental history and consistent occupancy.
Located at 122 W Hazel St in Caldwell, the property is within walking distance of West Valley Medical Center and a short drive from Indian Creek Plaza and Downtown Caldwell. Its central setting provides access to shopping, dining, employment, and entertainment destinations.
Located at 122 W Hazel St in Caldwell, the property is within walking distance of West Valley Medical Center and a short drive from Indian Creek Plaza and Downtown Caldwell. Its central setting provides access to shopping, dining, employment, and entertainment destinations.
Key Highlights
- Triplex with 3 total units
- Two 1 BD / 1 BA units plus one 5 BD single‑family home
- 2,660 SF property built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,224
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,480
$764.5K
Cap Rate 7%
$546,057
$546.1K
Cap Rate 9%
$424,711
$424.7K
Market Conditions
NOI Build-Up for 2,660 SF
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.
Gross rent
$72.1K $27.12/SF
− Vacancy
−$2.6K −$0.99/SF
EGI
$69.5K $26.13/SF
− OpEx
−$31.3K −$11.76/SF
NOI
$38.2K $14.37/SF
Area
Canyon County, ID
Vacancy
3.66%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,480
Cap Rate 7%
$546,057
Cap Rate 9%
$424,711
Alternative Uses
Best Use
Apartment 5plus
$546.1K
$477.8K – $637.1K
NOI $38,224 @ 7.0% cap · market cap 6.66%
Second Best
Multifamily LT 5
$228.0K
$199.5K – $266.0K
NOI $15,959 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$708.5K
$619.9K – $826.6K
NOI $49,595 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property combines two apartments with a larger single-family residence.
Where is this triplex located?
The property is located at 122 W HAZEL ST Caldwell, ID.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Triplex with 3 total units; Two 1 BD / 1 BA units plus one 5 BD single‑family home; 2,660 SF property built in 1947
