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Luxury Modern Units in the Heart of Boise 1011 S Orchard St 8 Unit Apartment Building $2,900,000 ($362,500/Unit) 5.24% Cap Rate Boise, ID 83705



Investment Highlights
- Central Boise Location
- Luxury Modern Units + Garage
- New Construction - Low Maintenance
Executive Summary
Uptown Eight presents a rare opportunity to acquire a newly constructed multifamily in the heart of Boise ~ Property is fully stabilized, built in 2025, the Property combines immediate cash flow with low maintainance and long-term durability through premium ICF construction. The property offers many benefits to the tenants that includw superior energy efficiency, sound attenuation, and reduced maintenance requirements.
The asset has demonstrated strong market alignment with rapid lease-up and in-place rents at or above market, while offering additional upside through a furnished rental strategy that has already proven to achieve a meaningful premium. Efficient unit layouts, minimal common areas, and modern finishes support both tenant demand and long-term operational performance.
Located minutes from Downtown Boise, Boise State University, the Airport, and major healthcare and employment hubs, Uptown Eight is ideally positioned to capture demand from both traditional renters and higher-yield, mid-term tenants. This is a compelling opportunity for investors seeking a low-maintenance, income-producing asset with embedded upside in a maturing and stabilizing Boise market.
The asset has demonstrated strong market alignment with rapid lease-up and in-place rents at or above market, while offering additional upside through a furnished rental strategy that has already proven to achieve a meaningful premium. Efficient unit layouts, minimal common areas, and modern finishes support both tenant demand and long-term operational performance.
Located minutes from Downtown Boise, Boise State University, the Airport, and major healthcare and employment hubs, Uptown Eight is ideally positioned to capture demand from both traditional renters and higher-yield, mid-term tenants. This is a compelling opportunity for investors seeking a low-maintenance, income-producing asset with embedded upside in a maturing and stabilizing Boise market.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,900,000 | Apartment Style | Townhome |
| Price Per Unit | $362,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.24% | Building Size | 11,988 SF |
| Gross Rent Multiplier | 13.48 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Zoning | City of Boise-MX-1 - The property is currently one (1) parcel with 8 units on a condo plat. Units can be sold separately. | ||
| Price | $2,900,000 |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 13.48 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 11,988 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | City of Boise-MX-1 - The property is currently one (1) parcel with 8 units on a condo plat. Units can be sold separately. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Deck
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Furnished Units Available
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 2 | $1,925 | 898 - 1,326 |
| 2+2.5 | 6 | $2,825 | 1,074 - 1,556 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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Luxury Modern Units in the Heart of Boise | 1011 S Orchard St
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