$1,025,000

Estimated payment $6,186/month

Total Views 307
8 Beds
8 Baths
3,724 Sq Ft
$275 Price per Sq Ft

Highlights

  • 8 Car Detached Garage
  • Fireplace
  • Washer and Dryer
  • Lewis & Clark Middle School Rated A-
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buyer to verify all income and expenses.

Listing Agent

Anthony Hughes

exp Realty, LLC Brokerage Phone: 208-890-7776 Listed on: 09/22/2025

exp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,970

Year Built

  • Built in 2007

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100x117.6

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,724 Sq Ft Home
  • Fireplace
  • Washer and Dryer

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Car Detached Garage
  • Carport

Schools

  • Ustick Elementary School
  • Lewis And Clark Middle School
  • Centennial High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R4854410290

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $17,970
  • Gross Income $70,140
  • Net Operating Income $46,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,970

Year Built

Built in 2007

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Year Built: 2007
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Lot Size: 100x117.6
  • CapRate: 4.56
  • Ownership: Fee Simple
  • Subdivision Name: Keeneland Park
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Attribution Contact: 208-890-7776
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas, Fireplace(s)
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Total Bedrooms: 8
  • Fireplace: Yes
  • Living Area: 3724

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco, Wood Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Detached
  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Air, All Units
  • Electric: 0, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Cable Connected

Condo/Co-op/Association

  • Association Fee: 275
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Ustick
  • Junior High Dist: Boise School District #1
  • High School: Centennial
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Lot Features: 10000SF - .49, Sidewalks, Sbjt to Fair Housing Stnd
  • Parcel Number: R4854410290
  • Current Use: 2-4 Units
  • Lot Size Sq Ft: 11761.2
  • Zoning Description: R1

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5970

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 70140
  • Property Net Operating Income: 46700
  • Annual Operating Expense: 17970
  • Total Actual Rent: 5845
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,970 $899,600 -- --
2024 $6,704 $902,800 -- --
2023 $6,704 $963,100 $0 $0
2022 $5,994 $887,800 $0 $0
2021 $5,631 $642,300 $0 $0
2020 $5,552 $557,000 $0 $0
2019 $6,978 $544,900 $0 $0
2018 $6,985 $491,800 $0 $0
2017 $5,934 $392,900 $0 $0
2016 $5,551 $358,800 $0 $0
2015 $4,865 $332,700 $0 $0
2012 -- $222,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2025 09/22/25 For Sale $1,025,000 -- $275 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Pioneer Title
Quit Claim Deed -- Pioneer Title
Quit Claim Deed -- Pioneer Title Co Of Ada Cnty
Quit Claim Deed -- Pioneer Title Co Of Ada Cnty
Warranty Deed -- Transnation Title
Warranty Deed -- Transnation Title
Quit Claim Deed -- Transnation Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $922,500 Balloon
Previous Owner $328,000 New Conventional
Previous Owner $272,175 Purchase Money Mortgage
Source: Public Records

Source: Intermountain MLS

MLS Number: 98962452

Intermountain MLS

APN: R4854410290