$919,000
PENDING $40K PRICE DROP

Estimated payment $6,037/month

Total Views 103,287
8 Beds
8 Baths
3,812 Sq Ft
$241 Price per Sq Ft

Highlights

  • Property is near a bus stop
  • 6 Car Garage
  • Washer and Dryer
  • Forced Air Heating and Cooling System

About This Home

Turnkey 4-Plex Investment Opportunity in Prime Boise Location! Exceptional opportunity to own a meticulously maintained 4-plex in the heart of Boise. Each of the four 953 sq ft units features 2 bedrooms and 2 bathrooms, offering modern design and thoughtful finishes that attract quality tenants and command strong rental income. All units include Energy Star appliances, full-size washers and dryers, granite countertops, custom wood cabinetry, spacious pantries with built-in shelving, and open-concept living spaces that appeal to today’s renters. Centrally located near I-84, downtown Boise, Boise State University, schools, shopping, and scenic parks—this location supports long-term demand and low vacancy. With strong rental appeal and minimal upkeep required, this investment is ideal for both new and seasoned investors seeking stable cash flow in a high-growth market.

Listing Agent

Alissa Gamble

Keller Williams Realty Boise Brokerage Phone: 208-672-9000 Listed on: 06/06/2025

Keller Williams Realty Boise

Co-Listing Agent

Lisa Compton

Keller Williams Realty Boise Brokerage Phone: 208-672-9000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,929

Year Built

  • Built in 2014

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 90x120
  • Irrigation

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • 3,812 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Composition Roof

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Car Garage
  • Carport
  • Handicap Parking

Schools

  • Horizon Boise Elementary School
  • West Boise Jr Middle School
  • Capital High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Separate Meters
  • Cable TV Available

Additional Features

  • Washer and Dryer
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R0031710360

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $16,268
  • Gross Income $68,513
  • Net Operating Income $52,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,929

Year Built

Built in 2014

Lot Details

0

HOA Fees

$290 per month

Listing Details

  • Year Built: 2014
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Lot Size: 90x120
  • CapRate: 4.7
  • Co List Office Mls Id: 1848
  • Co List Office Phone: 208-672-9000
  • Ownership: Fee Simple
  • Subdivision Name: Aberdeen
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Attribution Contact: 208-672-9000
  • Special Features: None

Interior Features

  • Heating: Electric, Forced Air, Heat Pump
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Accessibility Features: Handicap Parking
  • Total Bedrooms: 8
  • Living Area: 3812

Exterior Features

  • Roof: Composition
  • Construction Type: Frame

Garage/Parking

  • Parking Features: Carport, Other
  • Total Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Electric: 373, 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: 290
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Horizon Boise
  • Junior High Dist: Boise School District #1
  • High School: Capital
  • Middle Or Junior School: West Boise Jr

Lot Info

  • Lot Features: 10000SF - .49, Bus on City Route, Irrigation, Sidewalks
  • Parcel Number: R0031710360
  • Current Use: 2-4 Units
  • Lot Size Sq Ft: 11761.2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7929.2

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 68513
  • Property Net Operating Income: 52246
  • Annual Operating Expense: 16268
  • Total Actual Rent: 5380
  • 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 $8,507 $873,800 -- --
2023 $8,507 $890,900 $0 $0
2022 $7,950 $916,900 $0 $0
2021 $7,547 $690,500 $0 $0
2020 $7,064 $595,000 $0 $0
2019 $8,297 $611,500 $0 $0
2018 $7,977 $525,400 $0 $0
2017 $6,968 $436,000 $0 $0
2016 $6,406 $391,200 $0 $0
2015 $5,756 $369,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2025 07/06/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $919,000 -1.1% $241 / Sq Ft
06/21/2025 06/21/25 Price Changed $929,000 -1.1% $244 / Sq Ft
06/16/2025 06/16/25 Price Changed $939,000 -2.1% $246 / Sq Ft
06/06/2025 06/06/25 For Sale $959,000 +155.7% $252 / Sq Ft
11/08/2013 11/08/13 Sold -- -- --
07/25/2013 07/25/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $375,000 -- $98 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Titleone Boise
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,000 New Conventional
Source: Public Records

About the Listing Agent

Alissa Gamble

Keller Williams Realty Boise

(208) 903-1135

Section Image

“Efficacy”: is defined as the ability to produce the desired result. This is a characteristic Alissa has in abundance and it takes but a moment to notice when working with her.

Taking great joy in seeing others grow and prosper, Alissa is naturally well suited for her role as a Real Estate agent and as leader of the Minegar Gamble Real Estate team. Honest and straightforward, you can count on her to deliver accurate and timely information in a way that is easily understood.

Look

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Source: Intermountain MLS

MLS Number: 98950155

Intermountain MLS

APN: R0031710360