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Investment Highlights
- Close to downtown Boise
- Well maintained-updated as units become vacant
- Value Add Opportunity - Rents below market Value
Executive Summary
Well-maintained 6-unit multifamily property located in Boise’s highly desirable North End, just minutes from downtown and one block from a city park. The property features a strong unit mix consisting of two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, all with separate electric meters. Five of the six units include washer/dryer hookups. Appliances in each unit include a range, refrigerator, and dishwasher.
The property offers five off-street parking spaces accessed from the alley, along with additional street parking. Ownership currently covers water, sewer, trash, and landscape maintenance. Four units are occupied by long-term tenants, resulting in below-market rents and providing clear upside potential through rent increases upon turnover.
Ownership has consistently maintained and improved the property over time, completing interior updates as units become vacant. Several units feature updated kitchens and flooring. Exterior capital improvements include a newer front roof (approximately four years old), updated siding on the front units, addition of a new front gable, and replacement of the main water line to the street. This is a rare opportunity to acquire a stabilized asset with value-add potential in one of Boise’s strongest rental submarkets.
The property offers five off-street parking spaces accessed from the alley, along with additional street parking. Ownership currently covers water, sewer, trash, and landscape maintenance. Four units are occupied by long-term tenants, resulting in below-market rents and providing clear upside potential through rent increases upon turnover.
Ownership has consistently maintained and improved the property over time, completing interior updates as units become vacant. Several units feature updated kitchens and flooring. Exterior capital improvements include a newer front roof (approximately four years old), updated siding on the front units, addition of a new front gable, and replacement of the main water line to the street. This is a rare opportunity to acquire a stabilized asset with value-add potential in one of Boise’s strongest rental submarkets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,459,608 CAD | Building Class | C |
| Price Per Unit | $243,268 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,522 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | R-3D - R-3 | ||
| Price | $1,459,608 CAD |
| Price Per Unit | $243,268 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,522 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | R-3D - R-3 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Deck
Site Amenities
- Trash Pickup - Curbside
- Bicycle Storage
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Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | R2734251710 | Total Assessment | $1,196,879 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
R2734251710
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,196,879 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2209 W Idaho St
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