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Listed with exp Realty, LLC
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Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5-2 bath units (910-950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise's multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth "” an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buyer to verify all income and expenses.
| DAYS ON MARKET | 45 | LAST UPDATED | 9/27/2025 |
|---|---|---|---|
| TRACT | Keeneland Park | YEAR BUILT | 2007 |
| COMMUNITY | Boise W-Garden City - 0650 | COUNTY | Ada |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ustick |
|---|---|
| Jr. High School | Lewis and Clark |
| High School | Centennial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Disposal, Dryer, Range, Refrigerator, Washer |
| AREA | Boise W-Garden City - 0650 |
| CONSTRUCTION | Stucco, Wood Siding |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Fireplace(s), Forced Air, Natural Gas |
| HOA DUES | 275|Monthly |
| LOT | 0.27 acre(s) |
| LOT DIMENSIONS | 100x117.6 |
| PARKING | Carport, Detached |
| SUBDIVISION | Keeneland Park |
| TAXES | 5970 |
| UTILITIES | Sewer Connected, Cable Connected |
| WATER | Public |
| ZONING | R1 |
| SATELLITE VIEW |
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