Triplex with Wood-Burning
For Sale
$549,900
Pending
1824 Poplar St., Caldwell, ID 83605
MULTI_FAMILY - Caldwell, ID
Property Size2,955 SF
Lot Size0.25 Acres
Days on Market97
Property Features for 1824 Poplar St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 5
Parking
6
Parking features
Carport, Driveway
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
Kings Replat
Lot features
10000 S F - .49
Elementary school
Washington (Caldwell)
Middle school
Syringa Middle
High school
Caldwell
Elementary school district
Caldwell School District #132
Middle school district
Caldwell School District #132
High school district
Caldwell School District #132
Directions
Cleveland Blvd, Ohio, Poplar
Standard status
Pending
APN
R0288800000
Size
2,955 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
34-4N-3W NE KINGS REPLAT LT 1 BLK 2
Tax Annual Amount
3557
Legal Description
34-4N-3W NE KINGS REPLAT LT 1 BLK 2
Utilities
Heating system
Fireplace(s), Electric (Heating), Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
refrigerators
W/D hookups
carports with storage rooms
wood-burning fireplaces
Building Details
Year built
1977
Number of units
3
Building materials
Frame
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Tami Mchugh · License #AB25327
(208) 989-5777
Added: May 8
Changed: Aug 1
Last Checked: Aug 12 at 3:06AM
MLS# 98985590
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.
Two neighboring triplexes are available near the College of Idaho. The described triplex includes addresses 1824 Poplar, 2810 Ohio, and 2804 Ohio, and the property is frame construction with a composition roof and carport parking.
Inside, the triplex layout includes two units with three bedrooms and 1.5 baths, plus a third unit with one bedroom and one bath. Both three-bedroom units have wood-burning fireplaces. All units include refrigerators, washer/dryer hookups, and carports with storage rooms attached. Heating is provided by fireplace(s), electric (baseboard), and cooling is via wall/window and window unit(s).
The property is positioned as a well-maintained option with very low tenant turnover, supported by the existing unit features and in-place utility connections for laundry.
Inside, the triplex layout includes two units with three bedrooms and 1.5 baths, plus a third unit with one bedroom and one bath. Both three-bedroom units have wood-burning fireplaces. All units include refrigerators, washer/dryer hookups, and carports with storage rooms attached. Heating is provided by fireplace(s), electric (baseboard), and cooling is via wall/window and window unit(s).
The property is positioned as a well-maintained option with very low tenant turnover, supported by the existing unit features and in-place utility connections for laundry.
Key Highlights
- Two neighboring triplexes available near the College of Idaho
- Triplex on 0.25 acres; built in 1977
- Two units: 3 bedrooms and 1.5 baths
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
$42,464
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
7.72%
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%
$849,280
$849.3K
Cap Rate 7%
$606,629
$606.6K
Cap Rate 9%
$471,822
$471.8K
Market Conditions
NOI Build-Up for 2,955 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
$80.1K $27.12/SF
− Vacancy
−$2.9K −$0.99/SF
EGI
$77.2K $26.13/SF
− OpEx
−$34.7K −$11.76/SF
NOI
$42.5K $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%
$849,280
Cap Rate 7%
$606,629
Cap Rate 9%
$471,822
Alternative Uses
Best Use
Apartment 5plus
$606.6K
$530.8K – $707.7K
NOI $42,464 @ 7.0% cap · market cap 7.72%
Second Best
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,729 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$787.1K
$688.7K – $918.3K
NOI $55,095 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
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 - Triplex built in 1977 with two 3-bedroom units featuring wood-burning fireplaces plus a 1-bedroom unit.
Where is this triplex located?
The property is located at 1824 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: Two neighboring triplexes available near the College of Idaho; Triplex on 0.25 acres; built in 1977; Two units: 3 bedrooms and 1.5 baths
