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Listed with Powerhouse Real Estate Group
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Located in the heart of Boise's highly sought-after North End, this fully rented triplex is a rare investment opportunity offering immediate income with an actual CAP Rate of 5.01%"”and potential to push 6% with modest rental increases. The property features three updated units, each with separate gas and electric meters, ensuring efficient management. Unit 1 offers 2-bedrooms, 1-bathroom, separate living and kitchen areas, plus a dedicated laundry and storage room. Unit 2 & 3 are both 1-bedroom, 1-bathroom units with separate living and kitchen areas. A large 560 sqft. unfinished attic provides the perfect opportunity to add a 4th unit, further increasing investment returns. Additional features include a full sprinkler system, newer main water line, low maintenance stucco exterior, freshly painted exterior trim, dedicated storage shed for maintenance equipment, and a track record of minimal vacancy in this prime location.
| DAYS ON MARKET | 2 | LAST UPDATED | 5/14/2025 |
|---|---|---|---|
| TRACT | Packenhams Add | YEAR BUILT | 1925 |
| COMMUNITY | Boise North - 0100 | COUNTY | Ada |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Lowell |
|---|---|
| Jr. High School | North Jr |
| High School | Boise |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Range, Refrigerator |
| AREA | Boise North - 0100 |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Electric, Wall Furnace |
| LOT | 3920 sq ft |
| LOT DIMENSIONS | 72'x55' |
| SUBDIVISION | Packenhams Add |
| TAXES | 5551.7 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | ZC-252 |
| SATELLITE VIEW |
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