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    Multifamily Investment Near University of Idaho Title is generated by Realmo AI

    230 232 234 Baker St, Moscow, ID 83843

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    For Sale
    $5,750,000

    MULTI_FAMILY - Moscow, ID

    Type:Apartment
    Property size:
    37,584 SF
    Price / SF:
    $152/SF
    Added:
    Apr 13, 2026
    Days on Market:
    47
    Last Refresh:
    May 29 at 5:06 pm

    Property Features for 230 232 234 Baker St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Parking
    78
    Appliances
    Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
    Standard status
    Active
    APN
    RPM07840020010A
    Size
    37,584 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PETERSON 1ST ADD BLK 2 LOT 1 7 39
    Tax Annual Amount
    46898

    Utilities

    Heating system
    Wall Furnace, Electric (Heating)

    Building Details

    Year built
    2008
    Number of units
    36
    Flooring type
    Laminate
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Sean Wilson
    Sean Wilson

    Listing agent Sean Wilson License #sp27993

    Listing office Latah Realty, LLC 128 E 3rd, Moscow, ID

    Listing date Apr 13, 2026

    MLS# 98981996 Listing URL

    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.

    HighLights

    • Prime location just one block from the University of Idaho campus.
    • Historically near‑zero vacancy rate, making it a solid investment.
    • Strong unit mix featuring 25 (2bd/2ba) and 11 (3bd/2ba) units.
    • Enjoy the convenience of in‑unit laundry in all units.
    • New roofs installed on all buildings within the past three years.
    • Stable cash flow and continued rent growth projected through 2026.

    Overview

    This 36-unit multifamily property, constructed in 2009, is located one block from the University of Idaho campus. The property consists of three buildings and features a mix of 25 units with 2 bedrooms and 2 bathrooms, and 11 units with 3 bedrooms and 2 bathrooms. All units include in-unit laundry. New roofs have been installed on all buildings within the past three years. The property has maintained near-zero historical vacancy. The unit mix is designed to appeal to students, graduate students, university staff, and young professionals. The property is within walking distance of the campus and nearby dining and retail along the Pullman Hwy corridor. The property size is 37584 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moscow
    County
    Latah
    State
    Idaho
    Longitude
    -117.0186492
    Latitude
    46.7354369

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    FAQs

    What type of property is this?
    Apartment building - 36-unit multifamily property near the University of Idaho campus.
    Where is this apartment building located?
    The property is located at 230 232 234 Baker St Moscow, ID.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: Prime location just one block from the University of Idaho campus.; Historically near‑zero vacancy rate, making it a solid investment.; Strong unit mix featuring 25 (2bd/2ba) and 11 (3bd/2ba) units.
    (208) 883-1525
    We can help!
    Listing Contact
    Sean Wilson
    Sean Wilson
    Real Estate License ID: sp27993
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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