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    Duplex with Private Backyards Title is generated by Realmo AI

    804 S Commercial Ave, Emmett, ID 83617

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    Claim this Listing
    New
    Pending
    $600,000

    MULTI_FAMILY - Emmett, ID

    Property size:
    2,182 SF
    Lot size:
    0.19 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 804 S Commercial Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2
    Parking
    4
    Parking features
    Driveway
    Appliances
    Disposal (All Units), Stove/Range (All Units), Refrigerator (No Units), Washer/Dryer (No Units)
    Standard status
    Pending
    APN
    RP06N01W078238
    Size
    2,182 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    See Exhibit A
    Tax Annual Amount
    547

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Number of units
    2
    Building materials
    Frame, HardiPlank Type
    Roof type
    Composition

    We can help!

    Listing Contact
    Sage Hickam

    Listing agent Sage Hickam License #SP49886

    Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID

    Listing date Jun 4, 2026

    MLS# 98988997 Listing URL

    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

    • Duplex under construction, scheduled for completion in early September
    • Each unit features 3 bedrooms and 2 bathrooms with a large walk‑in closet and primary bathroom
    • Each unit includes a fully fenced private backyard with automatic sprinklers and alley gate access
    • Construction includes frame with HardiPlank Type siding
    • Central air with electric forced‑air heating
    • Appliances included: disposal and stove/range for all units

    Overview

    This duplex is scheduled to be completed in early September. The property will feature two separate units, each laid out with three bedrooms and two bathrooms. In each unit, the primary bedroom includes a generously sized bathroom and a large walk-in closet. Both units also include a fully fenced private backyard equipped with automatic sprinklers. A gate provides access from each backyard to the alley, supporting separate outdoor space and convenient entry.

    The property is located at 804 S Commercial Ave in Emmett, Idaho, in Gem County. The listing notes alley access for the rear yards, which can be helpful for day-to-day circulation and tenant privacy.

    With two self-contained residences, this setup can fit a range of owner-occupant or investor strategies. For investors, the duplex structure provides two rentable units within a single property. For owner-occupants, the floorplan supports a “house-hack” approach by living in one side while renting the other, leveraging the separate unit configuration and private outdoor space for both households.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    Gem
    State
    Idaho
    Longitude
    -116.500535
    Latitude
    43.868439

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    FAQs

    What type of property is this?
    Duplex - Newly completing duplex offers two 3-bedroom, 2-bath units with fenced backyards and alley access.
    Where is this duplex located?
    The property is located at 804 S Commercial Ave Emmett, ID.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Duplex under construction, scheduled for completion in early September; Each unit features 3 bedrooms and 2 bathrooms with a large walk‑in closet and primary bathroom; Each unit includes a fully fenced private backyard with automatic sprinklers and alley gate access
    (208) 949-1450
    We can help!
    Listing Contact
    Sage Hickam
    Real Estate License ID: SP49886
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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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