$14,250,000
PENDING $1M PRICE DROP

9557 W State St Boise, ID 83714

Estimated payment $88,604/month

Total Views 35,165
6 Beds
5 Baths
69,378 Sq Ft
$205 Price per Sq Ft

Highlights

  • 3.03 Acre Lot
  • Forced Air Heating and Cooling System
  • Partially Fenced Property
  • 2 Car Detached Garage
  • Washer and Dryer

About This Home

Beautiful 44 unit apartment complex for sale. Condo overlay has been completed. These units can be sold individually and each unit includes a legally assigned one car garage. Each unit offers plenty of storage spaces with an extra large pantry, large linen closet, coat closet, master suite walk in closet, and storage above the washer & dryer. Sleek design offers beautiful flooring, sparkling white quartz counters and stainless steel appliances including a water/ice dispenser. Units also include access to office with small fitness center. There is an HOA established however, being operated as an apartment complex and therefore not currently in use. This complex is very well located near downtown Boise, Walmart, Northgate and Glenwood Shopping Centers, and new retail on the north side of State Street including restaurants & entertainment. Membership interests are also available for purchase. Call for additional information. Agent is related to the Seller.

Listing Agent

Tricia Callies

KW Commercial Brokerage Phone: 208-475-1313 Listed on: 07/12/2024

KW Commercial

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $127,000

Year Built

  • Built in 2020

Lot Details

  • 3.03 Acre Lot
  • Partially Fenced Property
  • Vinyl Fence

Parking

  • 2 Car Detached Garage
  • Carport

Home Design

  • 69,378 Sq Ft Home
  • Composition Roof
  • Stucco

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Washer and Dryer

Schools

  • Shadow Valley Elementary School
  • River Glen Jr Middle School
  • Capital High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number S0514438580

Community Details

Overview

  • 44 Units

Building Details

  • Gross Income $1,060,426
  • Net Operating Income $750,191

Property Details

Home Type

Apartment

Est. Annual Taxes

$127,000

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Year Built: 2020
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 3.03
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Attribution Contact: 208-475-1313
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Total Bedrooms: 6
  • Living Area: 69378

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Vinyl
  • Construction Type: Stucco

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Two Car, Carport, Detached
  • Total Parking Spaces: 108

Utilities

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

Schools

  • Elementary School: Shadow Valley
  • Junior High Dist: Boise School District #1
  • High School: Capital
  • Middle Or Junior School: River Glen Jr

Lot Info

  • Lot Features: 1 - 4.99 Acres
  • Parcel Number: S0514438580
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 131986.8

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 127000

Multi Family

  • Number Of Units Total: 44
  • Annual Gross Income: 1060426
  • Property Net Operating Income: 750191
  • Total Actual Rent: 5385
  • 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 $9 -- -- --
2023 $59,695 -- -- --
2022 $59,695 $7,091,200 $0 $0
2021 $8,585 $798,500 $0 $0
2020 $4,234 $361,700 $0 $0
2019 $5,007 $373,900 $0 $0
2018 $3,818 $266,800 $0 $0
2017 $3,523 $238,100 $0 $0
2016 $3,121 $204,100 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Pending -- -- --
02/06/2025 02/06/25 Price Changed $14,250,000 -6.6% $205 / Sq Ft
07/12/2024 07/12/24 For Sale $15,250,000 +36.8% $220 / Sq Ft
07/30/2022 07/30/22 Sold -- -- --
07/15/2022 07/15/22 Sold -- -- --
08/19/2020 08/19/20 Pending -- -- --
08/19/2020 08/19/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $11,145,772 +328.7% $280 / Sq Ft
01/12/2020 01/12/20 For Sale $2,600,000 -- $161 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $7,500,000 New Conventional
Closed $7,021,275 Construction
Source: Public Records

Source: Intermountain MLS

MLS Number: 98917272

Intermountain MLS

APN: S0514438580