Duplex or Single-Family
403 - 405 W Hazel St Caldwell, ID 83605
For Sale
$429,999
Versatile income property with a brand new roof, fresh exterior paint, and spacious interior living areas plus garage.
Property Size2,980 SF
Price / SF$144.29
Days on Market121
Property Features for 403 - 405 W Hazel St
General Information
- Standard status
- Active
- Size
- 2,980 SF
- Property subtype
- Income
Building Details
- Year Built
- 1960
Listing Agency:
Out West Realty
(208) 509-8005
Listed By:
Jennie Capuano
(208) 509-8005
Source:
Homesofidaho
Added: Mar 25
Changed: Jul 22
Last Checked: Jul 22 at 10:30AM
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 Out West Realty
Investment Insights
Based on property information with market context.
This versatile property can function as either a duplex or a single-family home. The layout includes a one-car garage and spacious living areas throughout, with a main upper level featuring a large living room with a fireplace, three bedrooms, a formal dining area, and a separate breakfast area. The lower level offers four additional spacious bedrooms. Additional exterior features include a partially fenced yard with alley access.
The property is conveniently located near West Valley Medical Center, just minutes from downtown Caldwell and the College of Idaho.
Overall, the configuration provides flexible room count across two levels, supporting either single-family use or a duplex-style setup depending on how the space is managed.
The property is conveniently located near West Valley Medical Center, just minutes from downtown Caldwell and the College of Idaho.
Overall, the configuration provides flexible room count across two levels, supporting either single-family use or a duplex-style setup depending on how the space is managed.
Key Highlights
- Income property with 7 bedrooms and 3 total baths, offering 2,980 SF of building area
- Can function as a duplex or a single‑family home
- Year built 1960 with laminate flooring and heating included
Financial Insights For Multifamily LT 5
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 | $26.5k | $8.88 |
| − Vacancy | −$921 | −$0.31 |
| EGI | $25.5k | $8.57 |
| − OpEx | −$7.7k | −$2.57 |
| NOI | $17.9k | $6.00 |
2,980 SF · lease $8.88/SF/yr · vacancy 3.48% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 9.96%
Second Best
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$793.7K
$694.5K – $926.0K
NOI $55,561 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Versatile income property with a brand new roof, fresh exterior paint, and spacious interior living areas plus garage.
Where is this duplex located?
The property is located at 403 - 405 W Hazel St Caldwell, ID.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Income property with 7 bedrooms and 3 total baths, offering 2,980 SF of building area; Can function as a duplex or a single‑family home; Year built 1960 with laminate flooring and heating included
