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    Fully Furnished Triplex for Short-Term Title is generated by Realmo AI

    302 S Berger St, Riggins, ID 83549

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    Claim this Listing
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    For Sale
    $1,300,000

    MULTI_FAMILY - Riggins, ID

    Property size:
    4,960 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $262/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 302 S Berger St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    8
    Rooms
    Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 6, Bathroom 7, Den, Bedroom 1, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 4
    Security features
    Security System
    Patio and Porch features
    Deck
    Interior features
    High Speed Internet, Mini-Split A/C, Den/Library
    Exterior features
    Open Deck
    Fireplace
    1
    Standard status
    Active
    APN
    RP R0010002001D A
    Size
    4,960 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Riggins-Orig Town Ptn Tax #303 Blk 2 Other Ptn R0010002001e
    Tax Annual Amount
    1503

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating), Natural Gas, Fireplace(s)
    Water source
    Public

    Building Details

    Year built
    1988
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Wood Siding, Cedar, Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Wyatt Johnson

    Listing agent Wyatt Johnson License #4971937

    Listing office RE/MAX Connections 318 S Main Street, Moscow, ID

    Listing date Jun 2, 2026

    MLS# 26-5597 Listing URL

    Copyright © 2026 Coeur d'Alene 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

    • 4,960 sq ft triplex with 8 bedrooms and 7 bathrooms
    • Seller financing available; property sold fully furnished (per remarks)
    • Three separate units: two operated as short‑term rentals and one main unit used as the owner’s private residence
    • High‑capacity layout for gatherings with sleeping capacity listed as 28 (per remarks)
    • Mini‑split A/C plus heating including natural gas, electric baseboard, and fireplace(s)
    • Public water and public sewer; wood siding with cedar noted; composition roof; open deck

    Overview

    This fully furnished triplex is configured as three separate units, including two units that have operated as successful short-term rentals with consistent bookings. The spacious main unit was used as the owner’s private residence. With a total layout designed for groups, the property has a sleeping capacity of 28 and includes 8 bedrooms and 7 bathrooms across the three units, making it well-suited for accommodating larger parties.

    Located in Riggins, Idaho, the property sits in-town and is described as just steps from local bars and shops, with the Salmon River nearby. This proximity supports an entertainment and leisure-oriented rental profile and provides convenient access to dining, shopping, and river recreation.

    The property’s setup offers multiple practical paths for new ownership. Operators can continue running it as a vacation rental business with the existing unit separation in mind, while buyers seeking personal use can live in one unit and rent the others. It can also fit arrangements for extended family or group-oriented stays, where a larger, multi-unit configuration helps keep everyone together under one roof. Seller financing is available—call for terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Department Store Skin Care Clinic Kitchen & Bath Showroom Food Market Discount Store Electronics & Wireless Store (Bike/Boat/Book/etc) Store Auto Repair Shop Gym & Fitness Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riggins
    County
    Idaho
    State
    Idaho
    Longitude
    -116.315255
    Latitude
    45.420518

    FAQs

    What type of property is this?
    Triplex - A fully furnished triplex with strong short-term rental history, offering flexible living or investment options in-town.
    Where is this triplex located?
    The property is located at 302 S Berger St Riggins, ID.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 4,960 sq ft triplex with 8 bedrooms and 7 bathrooms; Seller financing available; property sold fully furnished (per remarks); Three separate units: two operated as short‑term rentals and one main unit used as the owner’s private residence
    (208) 669-2018
    We can help!
    Listing Contact
    Wyatt Johnson
    Real Estate License ID: 4971937
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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.

    More about this property
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