Two-Home Multifamily
For Sale
$309,890
15049+ 5th St, Caldwell, ID 83607
Residential Income, Caldwell, ID
Property Size1,904 SF
Lot Size0.74 Acres
Price / SF$162.76
Days on Market70
Property Features for 15049+ 5th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Parking
10
Parking features
RV
Subdivision
Sunny Slope
Lot features
1/2 - .99 Acre, R. V. Parking
Elementary school
West Canyon
Middle school
Vallivue Middle
High school
Vallivue
Elementary school district
Vallivue School District #139
Middle school district
Vallivue School District #139
High school district
Vallivue School District #139
Directions
From Apricot to address
Standard status
Active
APN
27233000 0
Size
1,904 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
15-3N-4W Se Sunny Slope Sub 2 Lt 1 & E50' Of Lt 3 Blk 16 T78784
Tax Annual Amount
1022
Legal Description
15-3N-4W Se Sunny Slope Sub 2 Lt 1 & E50' Of Lt 3 Blk 16 T78784
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1944
Number of units
2
Building materials
Brick, HardiPlank Type
Listing Agency:
Authority Real Estate
(208) 475-1475
Listed By:
Christy Niblett · License #43620
(208) 353-6854
Added: Jul 29
Changed: Sep 12
Last Checked: Oct 6 at 9:06AM
MLS# 98995592
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.
Investment Insights
Based on property information with market context.
This multifamily property includes two occupied residences totaling 1,904 square feet on 0.74 acres. The homes measure 978 square feet and 924 square feet; the latter is a fully updated manufactured home. Built in 1944, the property has brick and HardiPlank construction, electric heating, and wall or window unit cooling. Each residence has its own address and power meter, while long-term tenants are in place.
Site improvements include an unused RV space with a septic dump, a 90' by 60' parking area, pasture, and an old barn. Water is supplied by an inspected well, and the septic system was replaced approximately 4 years ago, then recently pumped and inspected. The property is served by RV parking and is located in Caldwell, Idaho. An estimated 10%+ cap rate is stated without RV income, with 13% identified if the additional RV space is utilized.
Site improvements include an unused RV space with a septic dump, a 90' by 60' parking area, pasture, and an old barn. Water is supplied by an inspected well, and the septic system was replaced approximately 4 years ago, then recently pumped and inspected. The property is served by RV parking and is located in Caldwell, Idaho. An estimated 10%+ cap rate is stated without RV income, with 13% identified if the additional RV space is utilized.
Key Highlights
- Two residences totaling 1,904 square feet on 0.74 acres
- 978‑square‑foot stick‑built home plus a 924‑square‑foot fully updated manufactured home
- Separate addresses and power meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,361
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,220
$547.2K
Cap Rate 7%
$390,871
$390.9K
Cap Rate 9%
$304,011
$304.0K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$51.6K $27.12/SF
− Vacancy
−$1.9K −$0.99/SF
EGI
$49.7K $26.13/SF
− OpEx
−$22.4K −$11.76/SF
NOI
$27.4K $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 Rate 5%
$547,220
Cap Rate 7%
$390,871
Cap Rate 9%
$304,011
Alternative Uses
Best Use
Apartment 5plus
$390.9K
$342.0K – $456.0K
NOI $27,361 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.1K
$443.7K – $591.7K
NOI $35,499 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 83607, ID
36,024
Population
11,858
Households
3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
230.0 sq mi
ZIP Area
157
Density / Sq Mi
$80,170
Median Household Income
$40,259
Median Earnings
$1,404
Median Rent
$385,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two occupied residences have separate addresses, power meters, and long-term tenants.
Where is this multifamily property located?
The property is located at 15049+ 5th St Caldwell, ID.
What is the asking price?
The asking price for this property is $309,890.
What are key features of this property?
This property features: Two residences totaling 1,904 square feet on 0.74 acres; 978‑square‑foot stick‑built home plus a 924‑square‑foot fully updated manufactured home; Separate addresses and power meters for each residence
