Duplex with Separate
New
For Sale
$434,900
2009 E Linden Street, Caldwell, ID 83605
Two-unit property with individually metered electric and water service, plus outdoor space for RV parking and gardening.
Property Size2,537 SF
Price / SF$171.42
Days on Market6
Property Features for 2009 E Linden Street
General Information
Standard status
Active
Size
2,537 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
Lot Features: Standard Lot 6000-9999 SF, Garden, R.V. Parking, Sidewalks, Lot Size Acres: 0.22, Lot Size Area: 0.22, Lot Size Square Feet: 9583.2, Lot Size Units: Acres
Fencing: Full
Tax Annual Amount: 2438.74, Tax Legal Description: 27-4N-3W Se College Heights Add Lt 13 Ls W 6' & St; Lt 14 & 15 & 1/2 Adj Alley In Blk 21 Ls St, Tax Year: 2025
Flooring: Vinyl
Garage YN: t, Open Parking YN: t
Gross Scheduled Income: 2450
Heating: Electric, Heating YN: t
Listing Id: 98996874, Listing Service: Full Service, Listing Terms: Cash, Consider All, Conventional, List Price: 434900, Mls Status: New, Number Of Units Total: 2, Standard Status: Active
Parking Features: Detached, RV Access/Parking, Finished Driveway, Parking Total: 4
Elementary School: Wilson, Elementary School District: Caldwell School District #132, High School: Caldwell, High School District: Caldwell School District #132, Middle Or Junior School: Jefferson, Middle Or Junior School District: Caldwell School District #132
Bedrooms Total: 5
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 2537, Building Area Units: Square Feet, Construction Materials: Concrete, Masonry, Other, Living Area: 2537, Living Area Units: Square Feet, Year Built: 1940
City: Caldwell, Coordinates: -116.67384264, 43.64829671, Country: US, County Or Parish: Canyon, Directions: From Cleveland Bvld, West on Linden., Latitude: 43.64829671, Longitude: -116.67384264, Postal Code: 83605, State Or Province: ID, Street Dir Prefix: E, Street Name: Linden Street, Street Number: 2009, Street Number Numeric: 2009, Subdivision Name: 0 Not Applic., Unparsed Address: 2009 E Linden Street, Caldwell ID 83605
Current Use: Other, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: 0093500000, Property Sub Type: Duplex, Property Type: Residential Income
Bathrooms Total Integer: 2
Electric: 44, Unit 1 Separate Meter, Unit 2 Separate Meter, Electric Expense: 44, Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Trash Expense: 21, Utilities: Sewer Connected
Foundation Details: Slab
Irrigation Source: Irrigation District: No, Water Source: City Service
Appliances: Stove/Range (All Units), Refrigerator (All Units)
Association Fee Frequency: Annually
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Robert Zahm
Source:
Thgboise
Added: Aug 7
Changed: Aug 12
Last Checked: Aug 12 at 3:22AM
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
Investment Insights
Based on property information with market context.
Built in 1940, this Caldwell duplex contains 2,537 square feet across two units and offers separate electric and water meters for each unit. The property sits on an expansive, tree-shaded lot with room for RV parking and a large garden. The layout also supports several stated use options, including occupying one unit while leasing the other, operating both units as a rental property, or using the entire structure as a single-family residence.
The property is located at 2009 E Linden Street in Caldwell, Idaho, less than 1/2 mile from the College of Idaho. Indian Creek and multiple local parks are also identified as nearby destinations.
The property is located at 2009 E Linden Street in Caldwell, Idaho, less than 1/2 mile from the College of Idaho. Indian Creek and multiple local parks are also identified as nearby destinations.
Key Highlights
- 2,537‑square‑foot duplex built in 1940
- Separate electric and water meters serve the units
- Expansive lot with mature trees, RV parking space, and room for a large garden
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
$36,457
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
8.38%
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%
$729,140
$729.1K
Cap Rate 7%
$520,814
$520.8K
Cap Rate 9%
$405,078
$405.1K
Market Conditions
NOI Build-Up for 2,537 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
$68.8K $27.12/SF
− Vacancy
−$2.5K −$0.99/SF
EGI
$66.3K $26.13/SF
− OpEx
−$29.8K −$11.76/SF
NOI
$36.5K $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%
$729,140
Cap Rate 7%
$520,814
Cap Rate 9%
$405,078
Alternative Uses
Best Use
Apartment 5plus
$520.8K
$455.7K – $607.6K
NOI $36,457 @ 7.0% cap · market cap 8.38%
Second Best
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
730
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with individually metered electric and water service, plus outdoor space for RV parking and gardening.
Where is this duplex located?
The property is located at 2009 E Linden Street Caldwell, ID.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 2,537‑square‑foot duplex built in 1940; Separate electric and water meters serve the units; Expansive lot with mature trees, RV parking space, and room for a large garden
