Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1318 S Grant Ave Boise, ID 83706

    Sponsored
    For Sale
    Pending
    $509,900

    MULTI_FAMILY - Boise, ID

    Property size:
    1,365 SF
    Days on Market:
    3
    Last Refresh:
    Mar 1 at 3:06 am

    Property Features for 1318 S Grant Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    R1955000202
    Parking
    2
    Fireplace
    1
    Appliances
    Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
    Size
    1,365 SF

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Number of units
    1
    Flooring type
    Engineered, Vinyl
    Building materials
    Stone, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Lisa Kohl
    Lisa Kohl

    Keller Williams Realty Boise (208) 672-9000

    Listing agent Lisa Kohl (208) 209-3597 License #SP40470

    Listing date Feb 27, 2026

    MLS# 98975932 Listing URL

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income Property Near Boise State

    Located two blocks from Boise State University in a high-demand area of Southeast Boise, this low-maintenance property is currently leased through May 2026, offering immediate income potential. The property features an open-concept main level with newer wide-plank wood-style flooring, craftsman millwork, and a functional kitchen equipped with stainless appliances. A private backyard with hardscaping complements the living space. The property also includes full laundry facilities and ample storage. Upstairs, a dedicated primary suite features an en-suite bath, along with two additional bedrooms suitable for roommates, mid-term furnished tenants, or guests. Recent updates include new exterior paint and a newer A/C unit. A detached 2-car garage provides secure parking and storage. The property has no HOA. It is located minutes from Downtown, St. Luke's, Micron, the Greenbelt, parks, shopping, and Boise State University events, with strong long-term, furnished, or short-term potential. The property size is 1365 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.1959017
    Latitude
    43.59632788

    Nearby Similar for Sale

    • New
      $949,900
      2,327 SF

      North End Boise Triplex

      Triplex near Hyde Park, Boise. Ideal for short-term rentals.
      1605 N 11Th St, Boise, ID 83702
      View Details
    • New
      $949,500
      4,464 SF

      Boise Multifamily Investment Opportunity

      Remodeled four-unit property with shop and garage rentals.
      393-399 S White Cloud Dr, Boise, ID 83709
      View Details
    • New
      $1,349,900
      0.30 Acres

      High-End Model Home Investment

      NNN leaseback opportunity in desirable Boise, Eagle area communities.
      13641 N Sage Grouse Pl, Boise, ID 83714
      View Details
    • New
      $1,350,000
      4,576 SF

      Four Homes in Boise

      Four homes with separate parcel numbers and addresses in Boise.
      5990 S Jessenia Ln, Boise, ID 83709
      View Details
    • New
      $900,000
      0.47 Acres

      Boise Land For Sale

      Land available in Boise, Idaho.
      10685 W Hollandale Dr, Boise, ID 83709
      View Details
    • $699,000
      1,797 SF

      Boise Office Condo For Sale

      Class A office condo in the heart of Boise's BoDo.
      314-398 South 9Th St, Boise, ID 83702
      View Details
    • Contact for pricing
      24,361 SF

      Prime Retail Center on State

      High-visibility retail center with quality co-tenants and strong traffic.
      7403 W Saxton Dr, Boise, ID 83714
      View Details
    • Contact for pricing

      Retail Space on State Street

      Retail space with excellent visibility in a dense retail area.
      7476 W State St, Boise, ID 83714
      View Details
    • Contact for pricing
      117,087 SF

      Anchored Retail Space For Sale

      Commercial space with high visibility and foot traffic, anchored by Walmart.
      3317-3485 N Cole Rd, Boise, ID 83704
      View Details
    • $895,000
      5,828 SF

      Two-Story Office Building For Sale

      Two-story office building with monument signage and ample parking.
      7911 W Ustick Rd, Boise, ID 83704
      View Details
    • Contact for pricing

      Remodeled Office Space Downtown Boise

      Newly remodeled office space in a rapidly developing downtown area.
      1655 Fairview Ave, Boise, ID 83702
      View Details
    • Contact for pricing
      70,722 SF

      Downtown Office Space For Sale

      High-quality downtown office space with street front presence and parking.
      251 E Front St, Boise, ID 83702
      View Details

    FAQs

    What type of property is this?
    Residential income property - Low-maintenance property near Boise State, leased through May 2026.
    Where is this residential income property located?
    The property is located at 1318 S Grant Ave Boise, ID.
    What is the asking price?
    The asking price for this property is $509,900.
    What are key features of this property?
    This property features: - Leased through May 2026, providing immediate income.; - Prime location: Two blocks from Boise State University in high-demand SE Boise.; - No HOA fees.
    (208) 672-9000
    Request Owner's contact information
    1318 S Grant Ave Boise, ID 83706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1318 S Grant Ave
    Boise, ID 83706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1318 S Grant Ave Boise, ID 83706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Kohl
    Lisa Kohl
    Real Estate License ID: SP40470
    (208) 672-9000 (208) 209-3594 (208) 209-3597
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!