Duplex with Detached
New
For Sale
$500,000
Pending
1715-1719 N Westland Dr, Boise, ID 83704
MULTI_FAMILY - Boise, ID
Property Size1,784 SF
Lot Size0.25 Acres
Days on Market6
Property Features for 1715-1719 N Westland Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
City of Boise-R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3
Parking
2
Parking features
Driveway, RV
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Westland Acres
Lot features
10000 S F - .49, R. V. Parking, Sidewalks
Elementary school
Morley Nelson
Middle school
Fairmont
High school
Capital
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
Fairview/Cole Rd, W Fairview, N Westlnd Dr, stay left
Standard status
Pending
APN
R9322400620
Size
1,784 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLK 6 WESTLAND ACRES SUB
Tax Annual Amount
4375
Legal Description
LOT 3 BLK 6 WESTLAND ACRES SUB
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1955
Number of units
2
Flooring type
Vinyl
Building materials
Frame, Metal Siding, Vinyl Siding
Roof type
Composition
Listing Agency:
Homes of Idaho
(208) 442-8500
Listed By:
Matthew Halcomb · License #SP47912
(208) 412-5754
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 11:06PM
MLS# 98996548
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.
Investment Insights
Based on property information with market context.
This 1,784-square-foot duplex on 0.25 acres includes two residences with matching functional layouts. Each unit has a refrigerator, stove/range, disposal, washer and dryer, along with a generously sized kitchen, adjacent laundry area, living room picture windows, and backyard access. Unit 1719 has vinyl plank flooring throughout except the bathroom, while Unit 1715 features hardwood floors.
A detached two-car garage provides one dedicated bay per residence, with additional storage space, and the property also includes RV parking. Built in 1955, the building has frame construction with metal and vinyl siding, composition roofing, heat pump heating, and central air conditioning. The property is located near Downtown Boise, BSU, Whitewater Park, the Greenbelt, major commuter routes, and everyday amenities.
A detached two-car garage provides one dedicated bay per residence, with additional storage space, and the property also includes RV parking. Built in 1955, the building has frame construction with metal and vinyl siding, composition roofing, heat pump heating, and central air conditioning. The property is located near Downtown Boise, BSU, Whitewater Park, the Greenbelt, major commuter routes, and everyday amenities.
Key Highlights
- 1,784‑square‑foot duplex on a 0.25‑acre lot
- Detached two‑car garage with one dedicated bay per unit
- Refrigerator, stove/range, disposal, and washer/dryer included in all units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,060
$430.1K
Cap Rate 7%
$307,186
$307.2K
Cap Rate 9%
$238,922
$238.9K
Market Conditions
NOI Build-Up for 1,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.0K $17.40/SF
− Vacancy
−$323 −$0.18/SF
EGI
$30.7K $17.22/SF
− OpEx
−$9.2K −$5.17/SF
NOI
$21.5K $12.05/SF
Area
Ada County, ID
Vacancy
1.04%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,060
Cap Rate 7%
$307,186
Cap Rate 9%
$238,922
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$267.9K
$234.4K – $312.5K
NOI $18,750 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$492.7K
$431.1K – $574.8K
NOI $34,488 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences include appliances, laundry areas, and direct backyard access.
Where is this duplex located?
The property is located at 1715-1719 N Westland Dr Boise, ID.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,784‑square‑foot duplex on a 0.25‑acre lot; Detached two‑car garage with one dedicated bay per unit; Refrigerator, stove/range, disposal, and washer/dryer included in all units
