$689,000

Estimated payment $4,098/month

Total Views 5,810
5 Beds
2 Baths
1,594 Sq Ft
$432 Price per Sq Ft

Highlights

  • Central Air
  • Washer and Dryer
  • Wood Siding
  • East Junior High School Rated A
  • Wood Fence
  • Vinyl Flooring

About This Home

Incredible investment opportunity in the highly desirable BSU area! This 5 bed, 2 bath student rental has a proven rental history with zero vacancy since 2017—a true turn-key income property within easy reach of campus. Ideal for student housing, with off-street parking and easy access to BSU, downtown, and public transportation. The roof was replaced just 2 years ago, reducing near-term capital expenses. At the list price, this property offers a strong 6% cap rate, making it a solid addition to any portfolio. BONUS: Seller will offer first year of professional property management at a discounted rate of 4% to ease your transition or boost returns. Rare opportunity in one of Boise’s most consistent rental markets—don’t miss it! THERE IS NO SIGN ON THE PROPERTY

Listing Agent

John Poole

Atova Brokerage Phone: 208-939-5151 Listed on: 05/19/2025

Atova

Co-Listing Agent

Bob Poole

Atova Brokerage Phone: 208-939-5151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,518

Year Built

  • Built in 1945

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 125x50
  • Wood Fence

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,594 Sq Ft Home
  • Vinyl Flooring
  • Crawl Space
  • Stove
  • Washer and Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Schools

  • Garfield Elementary School
  • East Jr Middle School
  • Timberline High School

Utilities

  • Central Air
  • No Heating
  • Separate Meters

Community Details

  • Operating Expense $9,974
  • Gross Income $54,000
  • Net Operating Income $44,026

Listing and Financial Details

  • Assessor Parcel Number R1955010790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,518

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Year Built: 1945
  • Property Sub Type: Other
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 125x50
  • CapRate: 6.3
  • Co List Office Mls Id: 11032
  • Co List Office Phone: 208-939-5151
  • Ownership: Fee Simple
  • Subdivision Name: Dundee
  • Attribution Contact: 208-939-5151
  • Special Features: None

Interior Features

  • Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Total Bedrooms: 5
  • Flooring: Vinyl
  • Living Area: 1594

Exterior Features

  • Roof: Composition
  • Fencing: Wood
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Electric: Unit 1 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter
  • Cooling Y N: Yes
  • Heating Yn: No
  • Utilities: Sewer Connected

Schools

  • Elementary School: Garfield
  • Junior High Dist: Boise School District #1
  • High School: Timberline
  • Middle Or Junior School: East Jr

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Sidewalks
  • Parcel Number: R1955010790
  • Current Use: Single Family
  • Lot Size Sq Ft: 6098.4
  • Zoning Description: R-1C

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3518

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 54000
  • Property Net Operating Income: 44026
  • Annual Operating Expense: 9974
  • Total Actual Rent: 4500
  • 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
2024 $3,156 $386,600 -- --
2023 $3,191 $333,100 $0 $0
2022 $4,006 $460,900 $0 $0
2021 $3,775 $344,500 $0 $0
2020 $3,272 $275,100 $0 $0
2019 $3,518 $258,800 $0 $0
2018 $3,455 $227,200 $0 $0
2017 $3,112 $194,300 $0 $0
2016 $2,887 $175,900 $0 $0
2015 $2,443 $154,200 $0 $0
2012 -- $117,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $689,000 +333.3% $432 / Sq Ft
04/02/2015 04/02/15 Sold -- -- --
03/20/2015 03/20/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $159,000 -- $100 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Title One Title
Quit Claim Deed -- Accommodation
Warranty Deed -- Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $131,579 Unknown
Source: Public Records

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Source: Intermountain MLS

MLS Number: 98947690

Intermountain MLS

APN: R1955010790