$1,700,000

Estimated payment $10,801/month

Total Views 2,352
24 Beds
16 Baths
9,424 Sq Ft
$180 Price per Sq Ft

About This Home

Exceptional Investment Opportunity in South Boise – 8 unit bldg (two 4-Plex) w Strong Returns Discover this well-maintained 8 units bldg in the highly desirable South Boise area, surrounded by established single-family homes. Each of the four units boasts a spacious **3-bedroom, 2-bathroom layout**, making it a sought-after choice for tenants and ensuring consistent occupancy. An additional 8 unit bldg is also available (two 4 plexs) With a **5.7% CAP rate** and a stable rent history, this property offers reliable cash flow for savvy investors. Exterior maintenance is **handled by the owners' association**, making it incredibly easy to manage and ideal for those seeking a hands-off investment. Located in a prime neighborhood close to amenities, schools, and parks, this property combines the benefits of a great location with the financial security of a proven income stream. Don't miss out on this rare opportunity to own a high-performing multifamily property in South Boise!

Listing Agent

Darrin Jaszkowiak

RE/MAX Advisors Brokerage Phone: 208-375-9700 Listed on: 06/20/2025

RE/MAX Advisors

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,623

Year Built

  • Built in 2006

Lot Details

  • Irrigation

HOA Fees

  • $860 Monthly HOA Fees

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 9,424 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Schools

  • Desert Sage Elementary School
  • Lkhazel Jr Middle School
  • Mountain View 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 R1376640090 &

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $27,694
  • Gross Income $124,956
  • Net Operating Income $97,262

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,623

Year Built

Built in 2006

Lot Details

0

HOA Fees

$860 per month

Listing Details

  • Year Built: 2006
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • CapRate: 5.7
  • Ownership: Fee Simple
  • Subdivision Name: Charter Pointe
  • Attribution Contact: 208-375-9700
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
  • Total Bedrooms: 24
  • Flooring: Laminate, Vinyl
  • Living Area: 9424

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco, Synthetic

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Air, All Units
  • Electric: 317, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Cable Connected

Condo/Co-op/Association

  • Association Fee: 860
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Desert Sage
  • Junior High Dist: West Ada School District
  • High School: Mountain View
  • Middle Or Junior School: LkHazel Jr

Lot Info

  • Lot Features: Irrigation, Sidewalks
  • Parcel Number: R1376640090 &
  • Current Use: 2-4 Units

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6623.32

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 124956
  • Property Net Operating Income: 97262
  • Annual Operating Expense: 27694
  • Total Actual Rent: 10410
  • 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

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $1,700,000 +100.0% $180 / Sq Ft
06/19/2025 06/19/25 For Sale $850,000 -- $180 / Sq Ft
Source: Intermountain MLS

Source: Intermountain MLS

MLS Number: 98951796

Intermountain MLS