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1322 N Wildwood Way 4 Unit Apartment Building $1,025,000 ($256,250/Unit) 5.37% Cap Rate Boise, ID 83713
Executive Summary
Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a verified NOI of $55,016 (5.37% 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 adjacent to the property. HOA dues ($275/mo) cover exterior and common-area maintenance. Tenants pay their own gas/electric; owner pays water and sewer.
Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent investor demand. Priced at approximately $256K per door ($275/SF), this property delivers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term investors.
Financials are deemed reliable but not guaranteed; buyer to verify all income and expenses.
Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent investor demand. Priced at approximately $256K per door ($275/SF), this property delivers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term investors.
Financials are deemed reliable but not guaranteed; buyer to verify all income and expenses.
Property Facts Under Contract
| Price | $1,025,000 | Property Subtype | Apartment |
| Price Per Unit | $256,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.37% | Building Size | 3,724 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 4 | Year Built | 2007 |
| Property Type | Multifamily | ||
| Zoning | R-2 | ||
| Price | $1,025,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 3,724 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | R-2 |
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Property Taxes
| Parcel Number | R4854410290 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $899,600 |
Property Taxes
Parcel Number
R4854410290
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$899,600
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1322 N Wildwood Way
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