Triplex with
New
For Sale
$799,900
1014 S Stanley St Unit 1, Boise, ID 83705
Three separately accessed living spaces include a main residence, a lower-level apartment, and a detached studio.
Property Size3,466 SF
Price / SF$230.78
Days on Market2
Property Features for 1014 S Stanley St Unit 1
General Information
Standard status
Active
Size
3,466 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
pool
covered patio
RV parking
shed
storage room
Building Details
Year Built
1952
Listed By:
Story Real Estate
(208) 301-5935
Source:
Storyrealestate
Added: Oct 16
Last Checked: Oct 16 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Story Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3,466 square feet, this Boise triplex was built in 1952 and contains three separate living spaces. The main-level residence has four bedrooms, 2.5 bathrooms, hardwood flooring, and a kitchen currently equipped with an electric range and gas plumbing. A covered patio faces the pool. The independent lower-level unit has one bedroom, one bathroom, a kitchen, and a living room; a separate studio includes living and sleeping space, a walk-in closet, and an oversized bathroom. The property is identified as a nonconforming triplex.
Recent work includes gas service added in 2024, new HVAC, electrical outlets and switches, a garage door, interior paint, and carpet. Exterior features include parking for up to three RVs, a shed, a storage room, and additional off-street parking. The property is 13 minutes from Micron and has no HOA.
Recent work includes gas service added in 2024, new HVAC, electrical outlets and switches, a garage door, interior paint, and carpet. Exterior features include parking for up to three RVs, a shed, a storage room, and additional off-street parking. The property is 13 minutes from Micron and has no HOA.
Key Highlights
- Three‑unit, nonconforming triplex totaling 3,466 square feet
- Main‑level unit has 4 bedrooms and 2.5 bathrooms
- Independent lower‑level apartment includes 1 bedroom, 1 bathroom, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,777
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,540
$835.5K
Cap Rate 7%
$596,814
$596.8K
Cap Rate 9%
$464,189
$464.2K
Market Conditions
NOI Build-Up for 3,466 SF
Gross rent
$60.3K $17.40/SF
− Vacancy
−$627 −$0.18/SF
EGI
$59.7K $17.22/SF
− OpEx
−$17.9K −$5.17/SF
NOI
$41.8K $12.05/SF
Area
Ada County, ID
Vacancy
1.04%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,540
Cap Rate 7%
$596,814
Cap Rate 9%
$464,189
Alternative Uses
Best Use
Multifamily LT 5
$596.8K
$522.2K – $696.3K
NOI $41,777 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$520.4K
$455.4K – $607.1K
NOI $36,428 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$957.2K
$837.6K – $1.12M
NOI $67,005 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 83705, ID
27,756
Population
13,228
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
1,713
Density / Sq Mi
$62,605
Median Household Income
$37,283
Median Earnings
$1,166
Median Rent
$378,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately accessed living spaces include a main residence, a lower-level apartment, and a detached studio.
Where is this triplex located?
The property is located at 1014 S Stanley St Unit 1 Boise, ID.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit, nonconforming triplex totaling 3,466 square feet; Main‑level unit has 4 bedrooms and 2.5 bathrooms; Independent lower‑level apartment includes 1 bedroom, 1 bathroom, kitchen, and living room
