Two-Unit Duplex Income
3938 W Garnet Boise, ID 83703
3938 W Garnet, Boise, ID, 83703
$625,000
For Sale
$625,000
MULTI_FAMILY - Boise, ID
Property Size1,956 SF
Lot Size0.21 Acres
Price / SF$319.53
Days on Market51
Property Features for 3938 W Garnet
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
- Parking
- 4
- Parking features
- Driveway
- Interior features
- Workbench
- Fireplace
- 1
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
- Standard status
- Active
- APN
- R9441000568
- Size
- 1,956 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PAR #0568 OF LOT 5 BLK 9 WILSON SUB PARCEL B R/S 2925
- Tax Annual Amount
- 4464
Utilities
- Heating system
- Forced Air, Natural Gas, Fireplace(s)
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Brick, Frame
- Roof type
- Composition
Listing agency
Silvercreek Realty Group
(208) 377-0422
Listed by
Christian Eschen J.d. · License #SP31604
(208) 921-2606
Added: Jun 2 Updated: Jul 21 at 5:44PM Checked: Jul 22 at 1:06PM
MLS# 98988695
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-unit duplex features separate utility metering and multiple in-unit conveniences. Each rental unit includes its own water heater, gas furnace, stackable washer/dryer, dishwasher, and refrigerator. Flooring consists of oak hardwood floors and vinyl in the bathrooms. Both units have a private deck at the rear and a private fenced backyard.
In addition, unit 3938 includes an upgraded kitchen with quartz countertops and stainless steel appliances. Unit 3938 also has a shop area behind its garage plus a separate locked storage area currently used for owner storage. Unit 3942 includes a small shop/storage area behind its garage.
Outside, the property includes raised bed gardens with drip irrigation and a fully zero-scaped yard designed for low-maintenance upkeep. The duplex is located in a quiet, secluded neighborhood off the Greenbelt and relatively close to downtown. Please do not disturb the tenant in 3942.
In addition, unit 3938 includes an upgraded kitchen with quartz countertops and stainless steel appliances. Unit 3938 also has a shop area behind its garage plus a separate locked storage area currently used for owner storage. Unit 3942 includes a small shop/storage area behind its garage.
Outside, the property includes raised bed gardens with drip irrigation and a fully zero-scaped yard designed for low-maintenance upkeep. The duplex is located in a quiet, secluded neighborhood off the Greenbelt and relatively close to downtown. Please do not disturb the tenant in 3942.
Key Highlights
- 1958‑built duplex with brick/frame construction, composition roof, laminate flooring, and central A/C
- Each unit is separately metered for tenants and includes its own water heater and gas furnace
- All units include stackable washer/dryer, dishwasher, stove/range, and refrigerator
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $17.40 |
| − Vacancy | −$354 | −$0.18 |
| EGI | $33.7k | $17.22 |
| − OpEx | −$10.1k | −$5.17 |
| NOI | $23.6k | $12.05 |
1,956 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.8K
$294.7K – $392.9K
NOI $23,576 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$293.7K
$257.0K – $342.6K
NOI $20,558 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$540.2K
$472.7K – $630.2K
NOI $37,813 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale with separately metered utilities, in-unit laundry, and private fenced backyards for each unit.
Where is this duplex located?
The property is located at 3938 W Garnet Boise, ID.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1958‑built duplex with brick/frame construction, composition roof, laminate flooring, and central A/C; Each unit is separately metered for tenants and includes its own water heater and gas furnace; All units include stackable washer/dryer, dishwasher, stove/range, and refrigerator
