Triplex Near College of
For Sale
$595,000
2323 Hillcrest, Caldwell, ID 83605
Three-unit residential property with established rental occupancy and access to nearby services, downtown Caldwell, and regional transportation.
Property Size2,288 SF
Price / SF$260.05
Days on Market49
Property Features for 2323 Hillcrest
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1979
Listing Agency:
Elite Homes and Property
Listed By:
Richard Fried · License #32033
(888) 908-0705
Source:
Noplacelikeidaho
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 7 at 4:06PM
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 Elite Homes and Property
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Investment Insights
Based on property information with market context.
Built in 1979, this 2,288-square-foot triplex provides three residential units within a single property. The units are described as consistently rented, with very low vacancy, supporting an established rental operation for an owner seeking a multi-unit residential asset.
The property is located in Caldwell near the College of Idaho, shopping, restaurants, schools, and everyday services. Downtown Caldwell, Indian Creek Plaza, and freeway access are also nearby, giving residents convenient connections to employment, education, retail, dining, and community destinations.
The property is located in Caldwell near the College of Idaho, shopping, restaurants, schools, and everyday services. Downtown Caldwell, Indian Creek Plaza, and freeway access are also nearby, giving residents convenient connections to employment, education, retail, dining, and community destinations.
Key Highlights
- Three‑unit triplex totaling 2,288 square feet
- Built in 1979
- Units described as consistently rented with very low vacancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,879
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,580
$657.6K
Cap Rate 7%
$469,700
$469.7K
Cap Rate 9%
$365,322
$365.3K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$62.1K $27.12/SF
− Vacancy
−$2.3K −$0.99/SF
EGI
$59.8K $26.13/SF
− OpEx
−$26.9K −$11.76/SF
NOI
$32.9K $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 Rate 5%
$657,580
Cap Rate 7%
$469,700
Cap Rate 9%
$365,322
Alternative Uses
Best Use
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,879 @ 7.0% cap · market cap 5.53%
Second Best
Multifamily LT 5
$196.1K
$171.6K – $228.8K
NOI $13,727 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$609.4K
$533.2K – $711.0K
NOI $42,659 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
172
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with established rental occupancy and access to nearby services, downtown Caldwell, and regional transportation.
Where is this triplex located?
The property is located at 2323 Hillcrest Caldwell, ID.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,288 square feet; Built in 1979; Units described as consistently rented with very low vacancy
