Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4480 N Kitsap Way Boise, ID 83703

    View on Map
    Sponsored
    For Sale
    $899,900

    MULTI_FAMILY - Boise, ID

    Property size:
    2,729 SF
    Lot size:
    0.51 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 16 at 6:06 am

    Property Features for 4480 N Kitsap Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4
    Bedrooms
    5
    Bathrooms
    4
    APN
    S0629120635
    Parking
    8
    Parking features
    RV
    Appliances
    Disposal (Some Units), Stove/Range (Some Units), Refrigerator (No Units), Washer/Dryer (Some Units)
    Size
    2,729 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Radiant, Baseboard, Hot Water(Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1954
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Log
    Roof type
    Tar/Gravel, Metal

    We can help!

    Listing Contact
    Lysi Bishop

    Keller Williams Realty Boise (208) 672-9000

    Listing agent Lysi Bishop (208) 870-8292 License #SP20072

    Listing date Mar 16, 2026

    MLS# 98977687 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

    Foothills Multifamily Property with Airbnb Potential

    This distinctive property, located in Boise's foothills, presents a rare opportunity. Reflecting Frank Lloyd Wright's design principles, the property, built in 1954, showcases Mid-Century Modern architecture, including flat rooflines, stone fireplaces, log-beamed ceilings, and expansive windows. Originally a single-family home, it was expanded to a duplex and has since evolved into four units. These include a large 2-bedroom main level unit, a studio suitable for Airbnb, and a versatile upper level 2-bedroom, 2-bath unit that can convert into two units with a private lock-off for Airbnb. Each unit has its own character and charm. Renovated in 2011, updates include the roof, windows, plumbing, electrical, radiant floors, and kitchen. The property spans 2729 square feet on a 0.51-acre lot. Potential uses include living in one unit and renting the others, restoring it to a single residence, or continuing its use as an Inn or Airbnb. The property is located minutes from downtown Boise, Hyde Park, and the North End.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boise Hillside Suites Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.240227
    Latitude
    43.66083

    Nearby Similar for Sale

    • New
      $745,000
      4,216 SF

      Renovated Multi-Family Home with Views

      Recently renovated 9-bedroom home with income potential and large lot.
      410 S Bitteroot Dr, Boise, ID 83709
      View Details
    • New
      $795,000
      2,547 SF

      Modern Townhomes Near Downtown Boise

      Luxury townhomes with rooftop patio, ideal for tenants.
      2043 S Makar Ln, Boise, ID 83706
      View Details
    • New
      $970,000
      3,920 SF

      Boise Multifamily Investment Opportunity

      Two well-maintained 4-plexes near Boise State and downtown.
      2541 W Malad St, Boise, ID 83705
      View Details
    • $860,000
      2,730 SF

      Remodeled Duplex with Expansion Potential

      Remodeled duplex on oversized lot, potential for a third unit.
      2513 N 31St St, Boise, ID 83703
      View Details
    • $950,000
      2,729 SF

      Foothills Multifamily Property Opportunity

      Unique Boise property with multiple income possibilities.
      4480 N Kitsap Way, Boise, ID 83703
      View Details
    • $850,000
      4,712 SF

      South Boise 4-Plex Investment

      Well-maintained 4-plex in South Boise with strong returns.
      9212 W Brogan Dr, Boise, ID 83709
      View Details
    • New
      $949,900
      2,327 SF

      North End Boise Triplex

      Triplex near Hyde Park, Boise. Ideal for short-term rentals.
      1605 N 11Th St, Boise, ID 83702
      View Details
    • $1,068,999
      3,871 SF

      New Triplex Near I-84

      New triplex near I-84, fully leased until April 2026.
      6726 W Overland Rd, Boise, ID 83709
      View Details
    • New
      $547,000
      1,766 SF

      New Townhomes Near Downtown Boise

      Modern townhomes with rental potential near Greenbelt, parks, and downtown.
      118 E Pennsylvania St, Boise, ID 83706
      View Details
    • $949,500
      4,464 SF

      Boise Multifamily Investment Opportunity

      Remodeled four-unit property with shop and garage rentals.
      393-399 S White Cloud Dr, Boise, ID 83709
      View Details
    • $649,900
      1,592 SF

      Boise Triplex in Historic North

      Turn-key triplex in Boise's North End with upgrade potential.
      1818 W Washington St, Boise, ID 83702
      View Details
    • $899,999
      3,936 SF

      Boise Fourplex Investment Opportunity

      Four-unit property with garages and established rental history in Boise.
      613 S White Cloud Dr, Boise, ID 83709
      View Details

    FAQs

    What type of property is this?
    Quadplex - Unique Boise property near downtown, Hyde Park, and North End.
    Where is this quadplex located?
    The property is located at 4480 N Kitsap Way Boise, ID.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Unique Investment Opportunity: Configured as four separate units, offering diverse income potential.; - Prime Location: Minutes from downtown Boise, Hyde Park, and the North End.; - Architecturally Significant: Showcases Mid-Century Modern design elements inspired by Frank Lloyd Wright, including stone fireplaces and log-beamed ceilings.
    (208) 672-9000
    Request Owner's contact information
    4480 N Kitsap Way Boise, ID 83703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4480 N Kitsap Way
    Boise, ID 83703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4480 N Kitsap Way Boise, ID 83703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lysi Bishop
    Real Estate License ID: SP20072
    (208) 672-9000 (208) 870-8292
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!