Five-Unit Apartment
New
For Sale
$798,000
401 N 19th St, Boise, ID 83702
MULTI_FAMILY - Boise, ID
Property Size2,907 SF
Lot Size0.15 Acres
Price / SF$274.51
Days on Market4
Property Features for 401 N 19th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 4
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F
Elementary school
Whittier
Middle school
North Jr
High school
Boise
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
On the NW corner of Jefferson St & 19th St
Standard status
Active
APN
R7150472785
Size
2,907 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Attached Exhibit A
Tax Annual Amount
6937
Legal Description
See Attached Exhibit A
Utilities
Heating system
Fireplace(s), Ductless (Heating), Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s), Ductless, Zoned
Amenities
off-street parking
shared yard
Building Details
Year built
1900
Number of units
5
Flooring type
Laminate
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Lysi Bishop · License #SP20072
(208) 870-8292
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 3:06PM
MLS# 98995421
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 five-unit apartment investment property includes five one-bedroom, one-bath homes. The units are described as having original hardwood floors, natural light, white interiors, and architectural details. The main-level residence offers generous living space, while the remaining four units include a lower-level apartment and three upper-level residences.
The property sits on a corner lot with off-street parking and a shared yard. The listing notes proximity to downtown, parks, shopping, and local trails, with access to Hyde Park, Camel’s Back, River, Greenbelt, and trail connections.
With five residential units within a compact footprint, this offering may be suited for investors and owner-occupants seeking a move-in-ready income property.
The property sits on a corner lot with off-street parking and a shared yard. The listing notes proximity to downtown, parks, shopping, and local trails, with access to Hyde Park, Camel’s Back, River, Greenbelt, and trail connections.
With five residential units within a compact footprint, this offering may be suited for investors and owner-occupants seeking a move-in-ready income property.
Key Highlights
- 5‑unit investment property with five 1‑bed, 1‑bath homes
- Brick construction with a composition roof
- Fireplace(s) plus multiple heating options including ductless and baseboard
Financial Insights For Apartment 5plus
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 | $56.2k | $19.32 |
| − Vacancy | −$612 | −$0.21 |
| EGI | $55.6k | $19.11 |
| − OpEx | −$25.0k | −$8.60 |
| NOI | $30.6k | $10.51 |
2,907 SF · lease $19.32/SF/yr · vacancy 1.09% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$436.5K
$381.9K – $509.2K
NOI $30,553 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.8K
$702.5K – $936.6K
NOI $56,198 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
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?
Apartment building - For sale a five-unit apartment property featuring five one-bedroom, one-bath residences with off-street parking and a shared yard.
Where is this apartment building located?
The property is located at 401 N 19th St Boise, ID.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 5‑unit investment property with five 1‑bed, 1‑bath homes; Brick construction with a composition roof; Fireplace(s) plus multiple heating options including ductless and baseboard
