Fully Leased Fourplex Income
1521 W Alexandra Ln Boise, ID 83705
New
1521 W Alexandra Ln, Boise, ID, 83705
$970,000
For Sale
$970,000
MULTI_FAMILY - Boise, ID
Property Size3,800 SF
Lot Size0.14 Acres
Price / SF$255.26
Days on Market2
Property Features for 1521 W Alexandra Ln
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 4, Bedroom 8, Bathroom 7, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 8, Bedroom 5, Bedroom 3
- Parking
- 4
- Parking features
- Carport
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
- Standard status
- Active
- APN
- R5292910070
- Size
- 3,800 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 7 in Block 1 of Lloyd Sub, according to the official plat thereof, filed in Book 95 of Plats at Page(s) 11772 and 11773, and as Amended by an Affidavit recorded October 23, 2008 as instrument No. 108117243, official records of ADA County, Idaho
- Tax Annual Amount
- 8186
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2013
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Composition
Listing agency
Silvercreek Realty Group
(208) 377-0422
Listed by
Kim Christianson · License #SP44513
(208) 631-7905
Added: Jul 22 Updated: Jul 23 at 3:53AM Checked: Jul 23 at 6:06AM
MLS# 98994835
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 fourplex is fully occupied and designed for straightforward, income-generating operations. Each unit features a 2-bedroom, 2-bathroom layout and includes a full appliance package with a refrigerator, range/oven, microwave, dishwasher, and an in-unit washer/dryer. All units also have the convenience of covered carport parking.
The property is located near public transit, Boise State University, Boise Airport, and interstate access, supporting consistent tenant demand. Downtown Boise is less than four miles away.
With four leased units already in place, the property is presented as a turnkey, low-maintenance addition to an income portfolio.
The property is located near public transit, Boise State University, Boise Airport, and interstate access, supporting consistent tenant demand. Downtown Boise is less than four miles away.
With four leased units already in place, the property is presented as a turnkey, low-maintenance addition to an income portfolio.
Key Highlights
- 2013‑built frame fourplex with four fully occupied, income‑generating units
- Each unit features a 2‑bedroom, 2‑bathroom layout with full appliance package
- Appliances in all units include refrigerator, range/oven, microwave, dishwasher, and in‑unit washer/dryer
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 | $66.1k | $17.40 |
| − Vacancy | −$688 | −$0.18 |
| EGI | $65.4k | $17.22 |
| − OpEx | −$19.6k | −$5.17 |
| NOI | $45.8k | $12.05 |
3,800 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$654.3K
$572.5K – $763.4K
NOI $45,803 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$570.6K
$499.2K – $665.7K
NOI $39,939 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,462 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units are fully occupied, each offering a 2-bedroom, 2-bath layout with covered carport parking.
Where is this quadplex located?
The property is located at 1521 W Alexandra Ln Boise, ID.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 2013‑built frame fourplex with four fully occupied, income‑generating units; Each unit features a 2‑bedroom, 2‑bathroom layout with full appliance package; Appliances in all units include refrigerator, range/oven, microwave, dishwasher, and in‑unit washer/dryer
