Four-Unit Residential Income
4480 N Kitsap Way Boise, ID 83703
4480 N Kitsap Way, Boise, ID, 83703
$899,900
For Sale
$899,900
MULTI_FAMILY - Boise, ID
Property Size2,729 SF
Lot Size0.51 Acres
Price / SF$329.75
Days on Market16
Property Features for 4480 N Kitsap Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4
- Parking
- 8
- Parking features
- RV
- Fireplace
- 1
- Appliances
- Disposal (Some Units), Stove/Range (Some Units), Refrigerator (No Units), Washer/Dryer (Some Units)
- Standard status
- Active
- APN
- S0629120635
- Size
- 2,729 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See Attached Exhibit A
- Tax Annual Amount
- 5862
Utilities
- Heating system
- Forced Air, Fireplace(s), Radiant, Hot Water(Heating), Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1954
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Log
- Roof type
- Tar/Gravel
Listing Agency
Keller Williams Realty Boise
(208) 672-9000
1065 S Allante, Boise, ID
Listed by
Lysi Bishop · License #SP20072
(208) 870-8292
Added: Jul 6 Updated: Jul 13 at 2:38 pm Checked: Jul 21 at 5:06 am
MLS# 98992883
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.
Investment Insights
Based on property information with market context.
Built in 1954, this distinctive residence features mid-century modern design elements, including flat rooflines, stone fireplaces, log-beamed ceilings, and notable windows. The home was renovated in 2011 with updates to the roof, windows, plumbing, electrical, radiant floors, and kitchen. The property has evolved from a single-family home into a duplex and, most recently, into four unique units designed for independent living arrangements.
The main level includes a large 2-bedroom unit plus a separate studio. The upper level offers a 2-bedroom, 2-bath unit that also has the ability to convert to two units with a private lock-off, supporting separate occupancy options. A 2026 connection to City Water is noted for the property.
This configuration can suit an owner-occupant who wants to live in one unit while renting the others, or an operator looking for a flexible setup for short-term or long-term leasing. With improvements completed in 2011 and multiple independent unit arrangements in place, the property offers a practical basis for managing separate living spaces within one structure.
The main level includes a large 2-bedroom unit plus a separate studio. The upper level offers a 2-bedroom, 2-bath unit that also has the ability to convert to two units with a private lock-off, supporting separate occupancy options. A 2026 connection to City Water is noted for the property.
This configuration can suit an owner-occupant who wants to live in one unit while renting the others, or an operator looking for a flexible setup for short-term or long-term leasing. With improvements completed in 2011 and multiple independent unit arrangements in place, the property offers a practical basis for managing separate living spaces within one structure.
Key Highlights
- Built in 1954 with log construction and flat roofline design elements
- Converted from a single‑family home into four unique units: large main‑level 2BD plus Airbnb studio, and an upper 2BD/2BA that can convert to two units with private lock‑off
- Renovated in 2011 with roof, windows, plumbing, electrical, radiant floors, and kitchen updates
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 | $47.5k | $17.40 |
| − Vacancy | −$494 | −$0.18 |
| EGI | $47.0k | $17.22 |
| − OpEx | −$14.1k | −$5.17 |
| NOI | $32.9k | $12.05 |
2,729 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.9K
$411.2K – $548.2K
NOI $32,894 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$409.7K
$358.5K – $478.0K
NOI $28,682 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$753.7K
$659.5K – $879.3K
NOI $52,757 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Boise Hillside Suites
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Distinctive 1954 home configured as four units, including a flexible lock-off option for short-term stays or long-term rentals.
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: Built in 1954 with log construction and flat roofline design elements; Converted from a single‑family home into four unique units: large main‑level 2BD plus Airbnb studio, and an upper 2BD/2BA that can convert to two units with private lock‑off; Renovated in 2011 with roof, windows, plumbing, electrical, radiant floors, and kitchen updates
