Multifamily and Vacant
132 W Main St Boise, ID 83702
132 W Main St, Boise, ID, 83702
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For Sale
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Historic two-parcel property includes a 10-unit multifamily building and a vacant lot, both zoned MX-3.
Property Size10,500 SF
Price / SF$238.10
Days on Market288
Property Features for 132 W Main St
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Land, Multifamily
Listing agency
CBRE - Boise
(208) 287-9500
Listed by
Kurt Gregg · License #8261576
Source
Crexi
Added: Oct 8, 2025 Updated: Jul 22 at 1:30AM Checked: Jul 22 at 1:30AM
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 CBRE - Boise
Investment Insights
Based on property information with market context.
This historic, two-parcel property includes one 10-unit multifamily building and one vacant lot. The parcels are both zoned MX-3 (Mixed-Use Active) City of Boise, offering flexibility for future development or reinvestment.
The property is located in downtown Boise and is about two blocks from St. Luke’s Hospital main campus. It also sits less than a mile from the central business district, placing it among established businesses, services, and nearby activity.
The offering brings together existing income-producing multifamily space with adjacent vacant land within the same mixed-use zoning designation.
The property is located in downtown Boise and is about two blocks from St. Luke’s Hospital main campus. It also sits less than a mile from the central business district, placing it among established businesses, services, and nearby activity.
The offering brings together existing income-producing multifamily space with adjacent vacant land within the same mixed-use zoning designation.
Key Highlights
- Two‑parcel historic property in downtown Boise: 132 & 140 W. Main Street
- 10‑unit multifamily building plus a vacant lot, both zoned MX‑3 (Mixed‑Use Active), City of Boise
- Located two blocks from St. Luke's Hospital main campus
Local 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 | $202.9k | $19.32 |
| − Vacancy | −$2.2k | −$0.21 |
| EGI | $200.6k | $19.11 |
| − OpEx | −$90.3k | −$8.60 |
| NOI | $110.4k | $10.51 |
10,500 SF · lease $19.32/SF/yr · vacancy 1.09% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,357 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,986 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Historic two-parcel property includes a 10-unit multifamily building and a vacant lot, both zoned MX-3.
Where is this apartment building located?
The property is located at 132 W Main St Boise, ID.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑parcel historic property in downtown Boise: 132 & 140 W. Main Street; 10‑unit multifamily building plus a vacant lot, both zoned MX‑3 (Mixed‑Use Active), City of Boise; Located two blocks from St. Luke's Hospital main campus
