One of the risks that threaten future generations is depletion of resources. Therefore, the exploitation of waste is one of the most successful ways to preserve resources and produce multi-use building materials. Calcium carbonate (CaCO3)/ Natural Rubber / Styrene-butadiene Rubber blend (NR/SBR) and (CaCO3)/foamed NR/SBR rubber blend were prepared by mastication -vulcanization technique. Specific gravity for all samples were determined while ranged between (0.42-1.4) for (CaCO3)/foamed rubber blend and between (1.003 – 2.9) for unfoamed rubber blend. Scanning electron microscope (SEM) for samples 150 phr of foamed and unfoamed rubber was done to compare the types of matrices. Thermal conductivity of the two groups were measured. The samples with concentrations till 150 phr CaCO3 foamed rubber lies in the range of thermal insulating materials while the samples of unfoamed rubber have higher thermal conductivity values. Water absorption test was conducted. The water absorption coefficient values of the foamed rubber are lower than that of unfoamed rubber. Mechanical measurements and swelling properties were investigated for all samples. The sample with 150 phr foamed rubber blend considered the optimum sample that achieve all desired thermal and moisture insulating properties.