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Investment Highlights

  • New construction with modern finishes
  • Full size appliances including washer and dryer
  • Open concept design with personal balconies
  • Walking distance to Lake Harbor and Boise’s Greenbelt

Executive Summary

Haven on State presents a rare opportunity to acquire a newly constructed, 48-unit multifamily asset in Boise’s highly desirable North Boise submarket. Completed in 2024, the property features modern finishes, open-concept layouts, and private balconies, catering to strong renter demand in a supply-constrained market. With in-place rents below market averages and near-term lease rollover, investors have a clear path to immediate income growth in one of the region’s most dynamic rental markets.

Property Facts

Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 1.18 AC
Building Size 32,624 SF
No. Stories 4
Year Built 2024
Zoning MX-4 - Mixed Use

Amenities

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Freezer
  • Patio

Site Amenities

  • 24 Hour Access
  • Planned Social Activities
  • Renters Insurance Program
  • Bicycle Storage
  • Maintenance on site
  • Online Services
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 16 - 532
1+1 16 - 584
2+2 16 - 923
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
  • Listing ID: 40032449

  • Date on Market: 2026-04-04

  • Last Updated:

  • Address: 5110 W State St, Boise, ID 83703

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