Four-Unit Quadplex with Covered
For Sale
$970,000
Pending
1535 W Alexandra Ln, Boise, ID 83705
Residential Income, Boise, ID
Property Size3,800 SF
Lot Size0.13 Acres
Days on Market93
Property Features for 1535 W Alexandra Ln
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 8, Bedroom 2, Bathroom 8, Bedroom 5, Bedroom 3, Bathroom 7
Parking
4
Parking features
Carport
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Lloyd
Lot features
Small Lot 5999 S F, Irrigation, Sidewalks
Elementary school
Hawthorne
Middle school
South Boise Jr
High school
Borah
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
N Vista Ave, E Canal St, S Victory Rd, S Lindsay Ave, W Alexandra Ln
Standard status
Pending
APN
R5292910090
Size
3,800 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9 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
Legal Description
Lot 9 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
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Amenities
in-unit washer/dryer
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
Changed: Oct 15
Last Checked: Oct 22 at 10:06PM
MLS# 98994837
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.
This 3,800-square-foot quadplex contains four fully occupied residential units, each arranged with two bedrooms and two bathrooms. Every residence includes a refrigerator, stove/range, microwave, dishwasher, disposal, and washer/dryer, along with a covered carport space. The 2013-built property has frame construction, forced-air electric heating, central air conditioning, and a composition roof on a 0.13-acre lot.
The property is near public transit, Boise State University, Boise Airport, and interstate access. Downtown Boise is less than four miles away, placing dining, entertainment, and nightlife within convenient reach. With all four units leased, the asset offers an established multifamily configuration with on-site parking and individually equipped residences.
The property is near public transit, Boise State University, Boise Airport, and interstate access. Downtown Boise is less than four miles away, placing dining, entertainment, and nightlife within convenient reach. With all four units leased, the asset offers an established multifamily configuration with on-site parking and individually equipped residences.
Key Highlights
- Four‑unit quadplex with 3,800 square feet of building area
- All 4 units are fully occupied
- Each unit offers 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,803
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,060
$916.1K
Cap Rate 7%
$654,329
$654.3K
Cap Rate 9%
$508,922
$508.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$66.1K $17.40/SF
− Vacancy
−$688 −$0.18/SF
EGI
$65.4K $17.22/SF
− OpEx
−$19.6K −$5.17/SF
NOI
$45.8K $12.05/SF
Area
Ada County, ID
Vacancy
1.04%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,060
Cap Rate 7%
$654,329
Cap Rate 9%
$508,922
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 authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 83705, ID
27,756
Population
13,228
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
1,713
Density / Sq Mi
$62,605
Median Household Income
$37,283
Median Earnings
$1,166
Median Rent
$378,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied income property with two-bedroom, two-bath units, appliance packages, and in-unit laundry.
Where is this quadplex located?
The property is located at 1535 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: Four‑unit quadplex with 3,800 square feet of building area; All 4 units are fully occupied; Each unit offers 2 bedrooms and 2 bathrooms
