Caldwell Multifamily Property For
For Sale
Contact for pricing
1413 Missoula Way, Caldwell, ID 83605
Multifamily property with four units near schools and local services.
Property Size3,456 SF
Price / SF$188.08
Days on Market201
Property Features for 1413 Missoula Way
General Information
Standard status
Active
Size
3,456 SF
Class
C
Property subtype
Multifamily
Building Details
Year Built
1978
Buildings
2
Units
4
Listing Agency:
Rallens Realty Consultants
(208) 870-7091
Listed By:
Joshua Hadder · License #SP49400
Source:
Crexi
Added: Feb 12
Changed: Aug 27
Last Checked: Aug 31 at 9:19PM
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.
Constructed in 1978, this multifamily property contains four units. Each unit features 2 bedrooms and 1.5 bathrooms, with an approximate area of 864 square feet, totaling a property size of 3456 square feet. The property is situated in an established residential area, conveniently located near schools and local services. It offers convenient access to I-84, Highway 20/26, and Highway 19, providing easy connectivity throughout the Treasure Valley. The property is located minutes from Indian Creek Plaza, a year-round community hub in Caldwell that hosts events, seasonal attractions, and frequent markets and festivals. The surrounding downtown area features an active and growing food and beverage scene connected to the Plaza's programming. Residents have access to city parks, including Memorial Park, which spans 15 acres and offers courts and playgrounds. Nearby public schools include Washington Elementary, Jefferson Middle School, and Caldwell Senior High.
Key Highlights
- Four 2‑bedroom/1.5‑bath units at ±864 SF each.
- Convenient access to I‑84, Hwy 20/26, and Hwy 19.
- Minutes to Indian Creek Plaza, a year‑round community hub.
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
$49,663
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
7.64%
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%
$993,260
$993.3K
Cap Rate 7%
$709,471
$709.5K
Cap Rate 9%
$551,811
$551.8K
Market Conditions
NOI Build-Up for 3,456 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
$93.7K $27.12/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$90.3K $26.13/SF
− OpEx
−$40.6K −$11.76/SF
NOI
$49.7K $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%
$993,260
Cap Rate 7%
$709,471
Cap Rate 9%
$551,811
Alternative Uses
Best Use
Apartment 5plus
$709.5K
$620.8K – $827.7K
NOI $49,663 @ 7.0% cap · market cap 7.64%
Second Best
Multifamily LT 5
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$920.5K
$805.5K – $1.07M
NOI $64,436 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
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?
Quadplex - Multifamily property with four units near schools and local services.
Where is this quadplex located?
The property is located at 1413 Missoula Way Caldwell, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four 2‑bedroom/1.5‑bath units at ±864 SF each.; Convenient access to I‑84, Hwy 20/26, and Hwy 19.; Minutes to Indian Creek Plaza, a year‑round community hub.
