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    Turn-Key Tri-Plex Investment Title is generated by Realmo AI

    804 Lewiston St, Cottonwood, ID 83522

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    Claim this Listing
    New
    For Sale
    $340,000

    A ready-to-go tri-plex with mostly leased units and a large lot for flexible future potential.

    Type:Income
    Property size:
    2,652 SF
    Price / SF:
    $128/SF
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 2:10 am

    Property Features for 804 Lewiston St

    General Information

    Standard status
    Active
    Size
    2,652 SF
    Property subtype
    Income

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    Johann Shindler

    Listing agent Johann Shindler

    Listing office Congress Realty, Inc

    Listing date May 29, 2026

    Source Homesofidaho

    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 Congress Realty, Inc

    HighLights

    • Tri‑plex with mostly leased units and 1 currently vacant unit
    • Single property total of 2,652 SF with slab foundation and vinyl flooring
    • 4 bedrooms and 3 total baths
    • Heating available; washer/dryer hookups provided (no units)
    • 0.23‑acre lot with 100x100 lot dimensions and city water service
    • Total of 3 parking spaces; built in 1954

    Overview

    This turn-key tri-plex offers a practical income setup with multiple units already rented and one unit currently vacant. The property is described as having large units and being ready to go, making it well-suited for buyers looking to secure immediate occupancy opportunities while positioning for continued income.

    The location is convenient to daily needs, with proximity to a church, a hospital, and the grocery store just a few blocks away. The large lot also adds value by providing room for possible expansion and future building opportunities, subject to applicable approvals.

    For investors, this property fits a straightforward strategy: buy a functioning residential income asset with existing tenancy, plus the option to bring the vacant unit back to market. For owner-operators considering managing the property themselves, the combination of current rental activity and a vacant unit can support a manageable transition and near-term stabilization goals.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottonwood
    County
    Idaho
    State
    Idaho
    Longitude
    -116.351189
    Latitude
    46.051514

    Nearby Similar for Sale

    • $340,000
      2,652 SF

      Turnkey Triplex in Cottonwood, ID

      Turnkey triplex with large units, close to amenities.
      804 Lewiston St, CottonWood, ID 83522
      View Details
    • $2,197,150
      3,136 SF

      Cottonwood Agricultural Property For Sale

      3136 square foot agricultural property in Cottonwood, Idaho.
      1553 Cottonwood Butte Rd, CottonWood, ID 83522
      View Details

    FAQs

    What type of property is this?
    Triplex - A ready-to-go tri-plex with mostly leased units and a large lot for flexible future potential.
    Where is this triplex located?
    The property is located at 804 Lewiston St Cottonwood, ID.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Tri‑plex with mostly leased units and 1 currently vacant unit; Single property total of 2,652 SF with slab foundation and vinyl flooring; 4 bedrooms and 3 total baths
    (208) 402-8772
    We can help!
    Listing Contact
    Johann Shindler
    Learn More
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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.

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