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235 E Warm Springs Ave 5 Unit Apartment Building $900,000 ($180,000/Unit) 5.57% Cap Rate Boise, ID 83712
Investment Highlights
- Classic 5-unit multi-family on iconic Warm Springs Avenue in Boise’s East End
- Long & short-term rentals are fully managed by 3rd party property management company. If buyer wants to self-manage they could increase cashflow
- Prime walkable location near downtown, BSU, St. Luke’s, the Greenbelt, parks, and shopping, ideal for both visitors and long-term tenants
- Flexible income profile historically rented as 3 short-term Airbnb rentals plus 2 long-term units
- High-demand location creates strong renter and guest pull, with an excellent opportunity to target traveling nurses, hospital staff, and Airbnb guests
Property Facts
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $180,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.57% | Building Size | 1,852 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2005 |
| Property Subtype | Apartment | Parking Ratio | 2.7/1,000 SF |
| Zoning | R-3HD | ||
| Price | $900,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,852 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2005 |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | R-3HD |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | S1011325670 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $760,800 |
Property Taxes
Parcel Number
S1011325670
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$760,800
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235 E Warm Springs Ave
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