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Apartment Building with Multiple Units
New
For Sale
$799,900

2304 N Montana Avenue, Caldwell, ID 83605

Residential Income, Caldwell, ID

Property Size6,819 SF
Lot Size0.45 Acres
Price / SF$117.30
Days on Market2

Property Features for 2304 N Montana Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 10
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 10, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 1, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 7, Bathroom 2, Bedroom 2, Bedroom 5
Parking 8
Parking features RV
Appliances Disposal (Some Units), Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (Some Units)
Subdivision North Hill Sub
Lot features 10000 S F - .49, Bus on City Route, Garden, R. V. Parking
Elementary school Sacajawea
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 Caldwell Exit 28, R on Illinois, L on Rim View, L on Tyler, R on Montana
Standard status Active
APN R0443400000
Size 6,819 SF
Lot size 0.45 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 15-4N-3W NE North Hill Sub Lot 9 Blk 1
Legal Description 15-4N-3W NE North Hill Sub Lot 9 Blk 1

Utilities

Heating system Baseboard, Radiant
Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1970
Number of units 10
Building materials Brick
Roof type Composition
Listing Agency: Coldwell Banker Tomlinson · Coldwell Banker Real Estate
Listed By: Edenn Jablonski · License #AB27022
Added: Sep 3 Last Checked: Sep 4 at 5:06AM
MLS# 98999582

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 6,819-square-foot apartment property includes a 10-bedroom, 7-bathroom main residence operated as room-by-room housing, a 1,500-square-foot studio apartment arranged across three levels, and an attached two-bedroom ADU. The configuration provides several distinct residential components within one property. Built in 1970, the building features brick construction, a composition roof, baseboard and radiant heating, and window or wall/window cooling units. Select units include ranges, refrigerators, disposals, and washer/dryer appliances. RV parking is also provided.

The property occupies 0.4467 acres at 2304 N Montana Avenue in Caldwell, Idaho, across from the Caldwell Rim area and nearby large residential homes. Current property information identifies rental income exceeding $7,000 per month and a 7.3% cap rate at the current asking price. The combination of a room-rental residence, studio apartment, and attached ADU supports multiple residential income streams and flexible occupancy options.

Key Highlights

  • 10‑bedroom, 7‑bathroom main residence configured for room‑by‑room rental
  • 1,500 SF studio apartment spanning 3 levels
  • Attached 2‑bedroom ADU adds a separate residential component

Property Analytics

Current Use

D & V Logistics ... Trucking Company

Suggested Use

Top Pick Computer & Electronic Repair Furniture & Home Goods Carpet & Flooring Store Catering Service Parking Lot & Garage Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

43
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing apartment property with a room-rental residence, studio apartment, attached ADU, and flexible living arrangements.
Where is this apartment building located?
The property is located at 2304 N Montana Avenue Caldwell, ID.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 10‑bedroom, 7‑bathroom main residence configured for room‑by‑room rental; 1,500 SF studio apartment spanning 3 levels; Attached 2‑bedroom ADU adds a separate residential component
More about this property
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