Fully Renovated Triplex Income
2105 Airport Ave Caldwell, ID 83605
2105 Airport Ave, Caldwell, ID, 83605
$749,000
For Sale
$749,000
Residential Multi Family, Other - Caldwell, ID
Property Size2,850 SF
Lot Size0.20 Acres
Price / SF$262.81
Days on Market126
Property Features for 2105 Airport Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 0.20 Acres
Building Details
- Year built
- 1967
- Architectural style
- Other
Listing Agency
NextHome Treasure Valley
(208) 284-5081
2071 E Trail Blazer Drive, ID
Listed by
Heath Van Patten · License #SP41834,PersonLicenseNumber
(208) 284-5081
Added: Mar 13 Checked: Jul 16 at 7:06 pm
MLS# 98977876
Listing URL
Copyright © 2026 NextHome, Inc. 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 fully renovated triplex features three tenant-occupied units with modern interior finishes. Remodel work completed down to the drywall in ’22–’23 included new windows, cabinets, countertops, flooring, HVAC systems, doors, trim, plumbing, and lighting fixtures throughout. Each unit also offers extended LVP flooring, indoor washer and dryer hookups, and a kitchen with a refrigerator, dishwasher, and stove. The property includes attached garages, private fenced backyards, and low-maintenance yards, with no HOA restrictions.
Additional major upgrades include a new sewer main and two of three new driveways.
The existing configuration supports residential income with all three units currently occupied.
Additional major upgrades include a new sewer main and two of three new driveways.
The existing configuration supports residential income with all three units currently occupied.
Key Highlights
- Fully renovated triplex built in 1967, remodeled down to the drywall in 2022–2023
- Updates include new windows, cabinets, countertops, flooring, HVAC systems, doors, trim, plumbing, and lighting fixtures
- Each unit includes an indoor washer/dryer hookup and a modern kitchen with refrigerator, dishwasher, and stove
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 | $77.3k | $27.12 |
| − Vacancy | −$2.8k | −$0.99 |
| EGI | $74.5k | $26.13 |
| − OpEx | −$33.5k | −$11.76 |
| NOI | $41.0k | $14.37 |
2,850 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$585.1K
$511.9K – $682.6K
NOI $40,955 @ 7.0% cap · market cap 5.47%
Second Best
Multifamily LT 5
$244.3K
$213.7K – $285.0K
NOI $17,099 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,137 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully renovated triplex with attached garages and fenced backyards, with washer/dryer hookups in each unit.
Where is this triplex located?
The property is located at 2105 Airport Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully renovated triplex built in 1967, remodeled down to the drywall in 2022–2023; Updates include new windows, cabinets, countertops, flooring, HVAC systems, doors, trim, plumbing, and lighting fixtures; Each unit includes an indoor washer/dryer hookup and a modern kitchen with refrigerator, dishwasher, and stove
