2803 College Ave, Caldwell, ID 83605
- Added:
- Feb 25, 2026
- Days on Market:
- 114
- Last Refresh:
- Jun 19 at 12:06 am
Property Features for 2803 College Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6
- Parking
- 3
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
- Standard status
- Active
- APN
- 03872010 0
- Size
- 2,304 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 34-4N-3W NE MOUNTAIN VIEW ADD TX 24511 IN LT 1, 2 & 3 BLK 81
- Tax Annual Amount
- 3228
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Frame, Wood Siding
- Roof type
- Composition
Listing agent Julie Skogsberg License #24040 (208) 989-1861
Listing office Peterson & Associates REALTORS, LLC 919 12th Ave S, Nampa, ID (208) 466-4098
Listing date Feb 25, 2026
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
- 1994‑built triplex with 3 units, each with laminate flooring and similar layouts
- Recent roof replacement in 2025
- Two units have new HVAC systems installed in 2022; central air and forced‑air natural gas heating
- Appliances included for all units: disposal, stove/range, and refrigerator; washer/dryer hookups available
- One unit currently vacant, allowing immediate occupancy or rent‑up
- Fully fenced private yard for each unit
Overview
The property is located in Caldwell, Idaho with easy access to I-84. It is also positioned near schools, shopping, dining, and entertainment.
For buyers seeking residential income property, the current configuration provides flexibility with one unit vacant and ready for occupancy. The included appliances and ongoing maintenance help reduce near-term operational work, while the private yard for each unit supports tenant appeal and day-to-day livability.
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 | $62.5k | $27.12 |
| − Vacancy | −$2.3k | −$0.99 |
| EGI | $60.2k | $26.13 |
| − OpEx | −$27.1k | −$11.76 |
| NOI | $33.1k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Caldwell
- County
- Canyon
- State
- Idaho
- Longitude
- -116.6802722
- Latitude
- 43.645116
