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5-Unit Townhome Property
New
For Sale
$2,669,500
Pending

1044-1066 W Melrose St, Boise, ID 83706

Residential Income, Boise, ID

Property Size7,046 SF
Lot Size0.10 Acres
Days on Market3

Property Features for 1044-1066 W Melrose St

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 10
Bathrooms 15
Full bathrooms 15
Rooms Bathroom 12, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 10, Bathroom 15, Bathroom 11, Bathroom 8, Bedroom 2, Bathroom 7, Bathroom 1, Bathroom 14, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 10, Bathroom 13, Bathroom 9, Bedroom 8
Parking 10
Appliances Disposal (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision 0 Not Applic.
Lot features Small Lot 5999 S F, Bus on City Route, Sidewalks
Elementary school Garfield
Middle school East Jr
High school Timberline
Elementary school district Boise School District #1
Middle school district Boise School District #1
High school district Boise School District #1
Directions From Broadway Ave, W on Melrose, then N.
Standard status Pending
APN R9618730120 R9618730200
Size 7,046 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 06 - 10 BLK 01 WYETH ACRES SUB
HOA Fee $2,500 Semi-Annually
Legal Description LOTS 06 - 10 BLK 01 WYETH ACRES SUB

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

in-unit laundry
extra storage
Nest smart thermostat
keyless entry

Building Details

Year built 2026
Number of units 5
Building materials Frame
Roof type Composition
Listing Agency: Amherst Madison
Listed By: Matt Weston · License #SP25525
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 17 at 12:06AM
MLS# 99003967

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.

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Investment Insights

Based on property information with market context.

The offering comprises five attached townhomes, each separately platted and presented together as one multifamily property. The residences are under construction, with completion identified for 2026, and contain a combined 7,046 square feet on 0.1033 acres. Interior features include open living areas, quartz kitchen counters and bathroom finishes, Bosch appliances, glass shower enclosures, and black fixtures. Refrigerators, washers and dryers, window coverings, Nest thermostats, and keyless entry are included. Each home also has a private two-car attached garage and additional storage. Construction is frame, with forced-air natural gas heat and central air conditioning.

The property is in Boise’s BSU corridor, with access to downtown Boise, Boise State, the Greenbelt, and city parks. The remarks also identify an easy commute to Micron. The HOA is responsible for exterior maintenance and landscaping.

Key Highlights

  • Five attached, separately platted townhomes offered together
  • 7,046 square feet on 0.1033 acres
  • Under construction; year built listed as 2026

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

Demographics for 83706, ID

34,446
Population
15,992
Households
2.2
Avg Household Size
31
Median Age
57%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
4,655
Density / Sq Mi
$81,101
Median Household Income
$33,331
Median Earnings
$1,378
Median Rent
$488,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Each residence has an attached private garage, in-unit laundry, and HOA-managed exterior upkeep and landscaping.
Where is this multifamily property located?
The property is located at 1044-1066 W Melrose St Boise, ID.
What is the asking price?
The asking price for this property is $2,669,500.
What are key features of this property?
This property features: Five attached, separately platted townhomes offered together; 7,046 square feet on 0.1033 acres; Under construction; year built listed as 2026
More about this property
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