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Listed with Coldwell Banker Tomlinson
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Amazing opportunity to own & invest in SE Boise! Located just blocks away from BSU, and in close proximity to the Boise airport, Micron, the hospitals, & the lively Boise downtown scene, making this property ideal! This property has three separate apartments. All are 1 bedroom & 1 bath, with full kitchens. Each apartment has their own meter & the tenants pay for the gas & power utilities. All units have been updated within the last 10 years and the main water line from home to street has been replaced & updated. There are 2-3 parking spots behind the backyard in the alley & there is on-street parking in the front of the property. There is a new and convenient laundry facility just across the street on Broadway Ave. All 3 apartments are rented & the vacancy rate has been minimal over the last decade, due to it's incredible location! The cap rate is around 5.8% & has a potential of about 6.4%. Brand new commercial grade water heater installed 2/21/25
| DAYS ON MARKET | 85 | LAST UPDATED | 4/9/2025 |
|---|---|---|---|
| TRACT | Dundee | YEAR BUILT | 1926 |
| COMMUNITY | Boise SE - 0300 | COUNTY | Ada |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Garfield |
|---|---|
| Jr. High School | East Jr |
| High School | Timberline |
| PRICE HISTORY | |
| Prior to Apr 9, '25 | $569,990 |
|---|---|
| Apr 9, '25 - Today | $557,900 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Disposal, Range, Refrigerator |
| AREA | Boise SE - 0300 |
| BASEMENT | Daylight, Walk-Out Access |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Electric |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 125x50 |
| SUBDIVISION | Dundee |
| TAXES | 5839.82 |
| WATER | Public |
| ZONING | R-2D |
| SATELLITE VIEW |
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