Tenant-Occupied Duplex with
1514/1516 S Manitou Ave Boise, ID 83706
1514/1516 S Manitou Ave, Boise, ID, 83706
$850,000
For Sale
$850,000
MULTI_FAMILY - Boise, ID
Property Size2,472 SF
Price / SF$343.85
Days on Market51
Property Features for 1514/1516 S Manitou Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
- Parking
- 4
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
- Standard status
- Active
- APN
- R1955001322
- Size
- 2,472 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Par #1322 Of Lots 23-25 N Of Ditch Blk 20 Dundee 1
- Tax Annual Amount
- 6854
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2006
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
Silvercreek Realty Group
(208) 377-0422
1099 S. Wells, Meridian, ID
Listed by
Donna Wade · License #SP44921
(208) 724-5373
Added: May 27 Checked: Jul 16 at 7:06 pm
MLS# 98987927
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.
This well-maintained duplex offers two tenant-occupied units under signed one-year leases. Each unit features two bedrooms and 2.5 bathrooms with an approximately 1,236-square-foot layout, including functional open-concept living space and private bedroom suites upstairs. Recent updates completed in 2025 include flooring and appliances, supporting a clean, move-in-ready configuration.
The property is located in Boise, ID 83706 at 1514/1516 S Manitou Ave. It provides detached single-car garages plus additional off-street parking, along with private outdoor spaces for each unit. The surrounding area includes easy access to shopping and dining, and is positioned near Boise State University, downtown Boise, the Greenbelt, and multiple parks, supporting convenient daily routines.
For buyers seeking a residential income property, the duplex’s two-bedroom, 2.5-bath unit mix and updated interior improvements may appeal to a range of renter profiles. With both units currently on one-year leases, the property offers an opportunity to acquire a cash-flowing duplex while retaining the ability to operate and market the units as leases renew.
The property is located in Boise, ID 83706 at 1514/1516 S Manitou Ave. It provides detached single-car garages plus additional off-street parking, along with private outdoor spaces for each unit. The surrounding area includes easy access to shopping and dining, and is positioned near Boise State University, downtown Boise, the Greenbelt, and multiple parks, supporting convenient daily routines.
For buyers seeking a residential income property, the duplex’s two-bedroom, 2.5-bath unit mix and updated interior improvements may appeal to a range of renter profiles. With both units currently on one-year leases, the property offers an opportunity to acquire a cash-flowing duplex while retaining the ability to operate and market the units as leases renew.
Key Highlights
- 2006‑built duplex in Boise with central air and forced‑air natural gas heating
- Both units are tenant occupied on signed 1‑year leases for immediate income stability
- Each unit features 2 bedrooms, 2.5 bathrooms, and approximately 1,236 SF with open‑concept living and upstairs bedroom suites
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 3.51%
Second Best
Apartment 5plus
$371.2K
$324.8K – $433.0K
NOI $25,981 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,789 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two leased units, updated in 2025, featuring garages and private outdoor space.
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 $850,000.
What are key features of this property?
This property features: 2006‑built duplex in Boise with central air and forced‑air natural gas heating; Both units are tenant occupied on signed 1‑year leases for immediate income stability; Each unit features 2 bedrooms, 2.5 bathrooms, and approximately 1,236 SF with open‑concept living and upstairs bedroom suites
