Tenant-Occupied Duplex
1514/1516 S Manitou Ave Boise, ID 83706
1514/1516 S Manitou Ave, Boise, ID, 83706
$895,000
For Sale
$895,000
Well-maintained duplex with two 1-year leased units, offering immediate rental income stability and low-maintenance convenience.
Property Size2,472 SF
Price / SF$362.06
Days on Market53
Property Features for 1514/1516 S Manitou Ave
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Property subtype
- Income
Building Details
- Year Built
- 2006
Listing Agency
CBH Sales & Marketing Inc
(208) 832-8132
Listed by
Mallory Sedillos · License #SP49661
(208) 832-8132
Source
Homesofidaho
Added: May 27 Checked: Jun 3 at 2:58 am
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 CBH Sales & Marketing Inc
Investment Insights
Based on property information with market context.
This duplex features two tenant-occupied units, each laid out with 2 bedrooms and 2.5 bathrooms. The design includes an open-concept main living area with private bedroom suites upstairs, providing a practical, resident-friendly layout. Detached single-car garages and additional off-street parking support everyday convenience, and each unit includes private outdoor space. Updates completed in 2025 include new or refreshed flooring and appliances, helping keep the property well-positioned for ongoing income.
The property is located in the heart of Boise, with convenient access to major local destinations. It sits near Boise State University, downtown Boise, and the Greenbelt, plus multiple parks. The surrounding area also offers shopping, dining, and commuter routes, which can help sustain demand for a rental property in a consistently desirable location.
For investors, this is a clean, low-maintenance way to add a duplex to a portfolio with immediate income from signed one-year leases. The unit configuration and recent updates may appeal to tenants looking for space and functionality, while the garages and parking can be a meaningful differentiator in day-to-day living.
The property is located in the heart of Boise, with convenient access to major local destinations. It sits near Boise State University, downtown Boise, and the Greenbelt, plus multiple parks. The surrounding area also offers shopping, dining, and commuter routes, which can help sustain demand for a rental property in a consistently desirable location.
For investors, this is a clean, low-maintenance way to add a duplex to a portfolio with immediate income from signed one-year leases. The unit configuration and recent updates may appeal to tenants looking for space and functionality, while the garages and parking can be a meaningful differentiator in day-to-day living.
Key Highlights
- Boise duplex built in 2006 with 4 bedrooms and 6 total baths
- Both units are currently tenant occupied on signed 1‑year leases
- Each unit offers 2 bedrooms and 2.5 bathrooms with approx. 1,236 SF per unit
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 | $43.0k | $17.40 |
| − Vacancy | −$447 | −$0.18 |
| EGI | $42.6k | $17.22 |
| − OpEx | −$12.8k | −$5.17 |
| NOI | $29.8k | $12.05 |
2,472 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.7K
$372.5K – $496.6K
NOI $29,796 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$371.2K
$324.8K – $433.0K
NOI $25,981 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,789 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 1-year leased units, offering immediate rental income stability and low-maintenance convenience.
Where is this duplex located?
The property is located at 1514/1516 S Manitou Ave Boise, ID.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Boise duplex built in 2006 with 4 bedrooms and 6 total baths; Both units are currently tenant occupied on signed 1‑year leases; Each unit offers 2 bedrooms and 2.5 bathrooms with approx. 1,236 SF per unit
