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    The Largest CRE Database in the US with Over 1 Million Listings

    2209 W Idaho St Boise, ID 83709

    Sponsored
    For Sale
    $1,075,000

    MULTI_FAMILY - Boise, ID

    Type:Apartment
    Property size:
    4,346 SF
    Lot size:
    0.14 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 5 at 12:06 pm

    Property Features for 2209 W Idaho St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 7, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 8
    Bedrooms
    8
    Bathrooms
    6
    APN
    R2734251710
    Parking
    5
    Appliances
    Stove/Range (All Units), Refrigerator (All Units)
    Size
    4,346 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Wall Furnace, Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    6
    Flooring type
    Laminate
    Building materials
    Frame, Wood Siding, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Shawn Endicott

    Silvercreek Realty Group (208) 377-0422

    Listing agent Shawn Endicott (208) 860-9595 License #AB27574

    Listing date Jan 30, 2026

    MLS# 98973264 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

    North End Boise 6-Plex

    This well-maintained 6-plex is located in a desirable North End neighborhood, just minutes from downtown and one block from a city park. The property consists of two 2-bed/1-bath units and four 1-bed/1-bath units, with separate electric meters. All units include a range, refrigerator, and dishwasher; five of the six units include washer/dryer hookups. The property offers five off-street parking spaces accessed from the alley, along with street parking. The owner covers water, sewer, trash, and yard maintenance. Four units are occupied by long-term tenants, resulting in below-market rents, providing upside potential. The owner has consistently maintained and improved the property, completing updates as units become vacant. Several units feature updated kitchens, bath and flooring. Exterior improvements include a newer front roof, updated siding on the front four units, a new front gable, and replacement of the main water line. This property presents an excellent opportunity for investors seeking stable cash flow with upside in one of Boise's strongest rental submarkets. The property size is 4346 square feet and the lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.217512
    Latitude
    43.622488

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit apartment building in desirable North End location.
    Where is this apartment building located?
    The property is located at 2209 W Idaho St Boise, ID.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity in a desirable North End location with strong rental submarket.; - Six-unit property (6-plex) with a mix of two 2-bed/1-bath and four 1-bed/1-bath units.; - Upside potential through below-market rents with long-term tenants in place.
    (208) 860-9595
    Request Owner's contact information
    2209 W Idaho St Boise, ID 83709
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    Boise, ID 83709
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    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
    2209 W Idaho St Boise, ID 83709
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    We can help!
    Listing Contact
    Shawn Endicott
    Real Estate License ID: AB27574
    (208) 860-9595
    Learn more
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