Triplex with Central
For Sale
$599,900
Pending
2803 College Ave, Caldwell, ID 83605
MULTI_FAMILY - Caldwell, ID
Property Size2,304 SF
Days on Market162
Property Features for 2803 College Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4
Parking
3
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Mountain View Addition
Lot features
Standard Lot 6000-9999 S F
Elementary school
Wilson
Middle school
Jefferson
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
E on Linden, N on College Ave to address
Standard status
Pending
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
Legal Description
34-4N-3W NE MOUNTAIN VIEW ADD TX 24511 IN LT 1, 2 & 3 BLK 81
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
washer dryer hookups
private yard
Building Details
Year built
1994
Number of units
3
Flooring type
Laminate
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Peterson & Associates REALTORS, LLC
(208) 466-4098
Listed By:
Julie Skogsberg · License #24040
(208) 989-1861
Added: Feb 25
Changed: Aug 1
Last Checked: Aug 6 at 8:06AM
MLS# 98975918
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 turn-key triplex offers three similar units within a frame, wood siding building, built in 1994. Each unit includes laminate flooring and fresh interior paint, with refrigerators included and washer/dryer hookups available. Heating is provided by forced air natural gas systems, and central air is in place for cooling. The property includes a composition roof and is sized at 2,304 square feet.
Recent updates include a new roof in 2025 and HVAC system replacements for two of the units in 2022. One unit is currently vacant, allowing for immediate occupancy changes to support rent potential.
Outside, each unit has access to a fully fenced private yard. The property is located at 2803 College Ave in Caldwell, with easy access to I-84 and close proximity to schools, shopping, dining, and entertainment.
Recent updates include a new roof in 2025 and HVAC system replacements for two of the units in 2022. One unit is currently vacant, allowing for immediate occupancy changes to support rent potential.
Outside, each unit has access to a fully fenced private yard. The property is located at 2803 College Ave in Caldwell, with easy access to I-84 and close proximity to schools, shopping, dining, and entertainment.
Key Highlights
- New roof in 2025
- HVAC systems updated for two units in 2022
- One unit currently vacant
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 |
2,304 SF · lease $27.12/SF/yr · vacancy 3.66% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$473.0K
$413.9K – $551.8K
NOI $33,109 @ 7.0% cap · market cap 5.52%
Second Best
Multifamily LT 5
$197.5K
$172.8K – $230.4K
NOI $13,823 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$613.7K
$537.0K – $716.0K
NOI $42,957 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on fenced private yards; new roof in 2025 and central air, with two HVAC systems updated in 2022.
Where is this triplex located?
The property is located at 2803 College Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: New roof in 2025; HVAC systems updated for two units in 2022; One unit currently vacant
