Two-Story Duplex with Detached
New
For Sale
$579,900
2025/2027 S Owyhee St., Boise, ID 83705
Residential Income, Boise, ID
Property Size2,304 SF
Lot Size0.19 Acres
Price / SF$251.69
Days on Market4
Property Features for 2025/2027 S Owyhee St.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1
Parking
2
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F
Elementary school
Whitney
Middle school
South Boise Jr
High school
Borah
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
From Overland, S. on Owyhee
Standard status
Active
APN
R8123003065
Size
2,304 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N16' Of Lot 27 Lots 28 & 29 S 1' Of Lot 30 Blk 20 Steins Add #96026053
Tax Annual Amount
4889
Legal Description
N16' Of Lot 27 Lots 28 & 29 S 1' Of Lot 30 Blk 20 Steins Add #96026053
Utilities
Heating system
Ductless (Heating)
Cooling system
Zoned, Ductless
Amenities
fenced backyards
Building Details
Year built
1973
Number of units
2
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Dawn Templeton · License #AB24224
(208) 890-1352
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 8:06AM
MLS# 99002627
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 two-story duplex contains 2,304 square feet across two residences, each configured with two bedrooms and 1.5 bathrooms. Both units have fenced backyards, a detached one-car garage space, and one additional parking space. The 0.19-acre property was built in 1973, and Unit 2025 has received interior and exterior updates.
The property is at 2025/2027 S Owyhee St. in Boise. Micron is about 12 minutes away, while the airport, Downtown Boise, Costco, and the Mall are each less than 10 minutes away. Utilities are all electric and separately metered for the two units.
The property is at 2025/2027 S Owyhee St. in Boise. Micron is about 12 minutes away, while the airport, Downtown Boise, Costco, and the Mall are each less than 10 minutes away. Utilities are all electric and separately metered for the two units.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- 2,304 square feet on a 0.19‑acre lot
- Each unit includes a fenced backyard, detached one‑car garage space, and one additional parking space
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
$27,771
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
4.79%
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%
$555,420
$555.4K
Cap Rate 7%
$396,729
$396.7K
Cap Rate 9%
$308,567
$308.6K
Market Conditions
NOI Build-Up for 2,304 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
$40.1K $17.40/SF
− Vacancy
−$417 −$0.18/SF
EGI
$39.7K $17.22/SF
− OpEx
−$11.9K −$5.17/SF
NOI
$27.8K $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%
$555,420
Cap Rate 7%
$396,729
Cap Rate 9%
$308,567
Alternative Uses
Best Use
Multifamily LT 5
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$345.9K
$302.7K – $403.6K
NOI $24,215 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$636.3K
$556.8K – $742.4K
NOI $44,541 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 83705, ID
27,756
Population
13,228
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
1,713
Density / Sq Mi
$62,605
Median Household Income
$37,283
Median Earnings
$1,166
Median Rent
$378,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer private fenced yards, separate electric meters, and a two-bedroom layout.
Where is this duplex located?
The property is located at 2025/2027 S Owyhee St. Boise, ID.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 bathrooms; 2,304 square feet on a 0.19‑acre lot; Each unit includes a fenced backyard, detached one‑car garage space, and one additional parking space
