Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Triplex Near College Title is generated by Realmo AI

    1820 Poplar St., Caldwell, ID 83605

    View on Map
    Claim this Listing
    For Sale
    $549,900

    Triplex near College of Idaho with low tenant turnover.

    Type:Triplex
    Property size:
    2,800 SF
    Price / SF:
    $196/SF
    Added:
    May 25, 2026
    Days on Market:
    8
    Last Refresh:
    May 25 at 2:04 pm

    Property Features for 1820 Poplar St.

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Triplex

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Tami Mchugh

    Listing agent Tami Mchugh

    Listing office Silvercreek Realty Group

    Listing date May 25, 2026

    Source Clearwaterproperties

    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 Silvercreek Realty Group

    HighLights

    • Well‑maintained triplex near the College of Idaho.
    • All units are 2 bedroom 1 bath.
    • Each unit features a wood‑burning fireplace.
    • Includes refrigerators and W/D hookups in all units.
    • Carports with attached storage rooms.
    • Low tenant turnover.

    Overview

    This well-maintained triplex presents a great investment opportunity near the College of Idaho. The property, with a size of 2800 square feet, includes the addresses 1818, 1820, and 1822 Poplar Street. The building features all 2-bedroom, 1-bath units. Each unit is equipped with wood-burning fireplaces, refrigerators, washer and dryer hookups, and carports with attached storage rooms. The property benefits from very low tenant turnover.

    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 (±1% cap)
    NOI $40,236 @ 7.0% cap · market cap 7.32%
    Second Best
    Multifamily LT 5
    $240.0K
    $210.0K – $280.0K (±1% cap)
    NOI $16,799 @ 7.0% cap · market cap 3.05%
    Theoretical Best
    Office A
    $745.8K
    $652.6K – $870.1K (±1% cap)
    NOI $52,205 @ 7.0% cap · market cap 9.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.6761171
    Latitude
    43.6451663

    Nearby Similar for Sale

    • $549,900
      2,955 SF

      Caldwell Triplex Near College of Idaho

      Well-maintained triplex near the College of Idaho.
      1824 Poplar St., Caldwell, ID 83605
      View Details
    • $549,900
      2,800 SF

      Caldwell Triplex Near College

      Well-maintained triplex near College of Idaho with low tenant turnover.
      1820 Poplar St., Caldwell, ID 83605
      View Details
    • $749,000
      2,850 SF

      Renovated Triplex with Garage

      Fully renovated triplex with modern finishes and strong rental potential.
      2105 Airport Ave, Caldwell, ID 83605
      View Details
    • $749,000
      2,850 SF

      Renovated Triplex in Caldwell, ID

      Fully renovated triplex with modern finishes and strong rental potential.
      2105 Airport Ave, Caldwell, ID 83605
      View Details
    • $1,150,000
      1,440 SF

      Highway Frontage Land with Water

      8.4 acres with highway frontage, creek, and water rights.
      13648 Highway 44, Caldwell, ID 83607
      View Details
    • $599,900
      2,304 SF

      Caldwell Triplex with Income Potential

      Turn-key triplex in prime location with strong cash flow potential.
      2803 College Ave, Caldwell, ID 83605
      View Details
    • $485,000
      2,132 SF

      Caldwell Duplex with Rental History

      Duplex in sought-after neighborhood with strong rental demand.
      2220 Big Sky St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      9,900 SF

      Caldwell Corner Retail Opportunity

      9,900 SF retail building with drive-thru, built in 2019.
      2107 Blaine St, Caldwell, ID 83605
      View Details
    • $1,700,000
      12,174 SF

      Caldwell Industrial Property For Sale

      Multi-unit industrial property with diverse income and redevelopment potential.
      601, 602, 603 & 605 Hannibal Street, Caldwell, ID 83605
      View Details
    • $449,000
      1,871 SF

      Updated Duplex in Historic District

      Charming, updated duplex near College of Idaho with investment potential.
      1918&1920 Cleveland Blvd, Caldwell, ID 83605
      View Details
    • $1,199,000
      3,104 SF

      Charming Farmhouse on Irrigated Acres

      Historic farmhouse on 5.133 irrigated acres with event barn.
      19234 Top Road, Caldwell, ID 83607
      View Details
    • $2,100,000
      7,121 SF

      Professional Office/Medical and Retail Building

      Multi-tenant building with Interstate access and ample parking.
      2609 S 10th Ave, Caldwell, ID
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex near College of Idaho with low tenant turnover.
    Where is this triplex located?
    The property is located at 1820 Poplar St. Caldwell, ID.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Well‑maintained triplex near the College of Idaho.; All units are 2 bedroom 1 bath.; Each unit features a wood‑burning fireplace.
    We can help!
    Listing Contact
    Tami Mchugh
    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

    Thank You for Inquiry
    1820 Poplar St., Caldwell, ID 83605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!