Historic North End
For Sale
$949,900
1605 11th St, Boise, ID 83702
Three apartments with separate kitchens, in-unit laundry, fenced outdoor space, and off-street parking.
Property Size2,327 SF
Price / SF$408.21
Days on Market93
Property Features for 1605 11th St
General Information
Standard status
Active
Size
2,327 SF
Property subtype
Triplex
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,949
Amenities
fenced backyard
garden space
storage shed
in-unit washer/dryer
5
3.00
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Keller Williams Realty Boise
Listed By:
April Florczyk · License #SP26238
(208) 672-9000
Source:
Clearwaterproperties
Added: Jul 17
Changed: Oct 16
Last Checked: Oct 16 at 6:16AM
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 Keller Williams Realty Boise
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Investment Insights
Based on property information with market context.
Built in 1910, this historic triplex contains three apartments totaling 2,327 square feet. The main-level residence offers one bedroom and one bathroom, a generous living area with hardwood flooring, original built-ins, a brick fireplace, and a full kitchen. Two additional apartments each include two bedrooms, one bathroom, and a full kitchen; both also have in-unit washers and dryers.
The property includes a fenced backyard with garden space, a storage shed, and off-street parking. It is located two blocks from Hyde Park in Boise’s North End, with cafés, restaurants, shops, Camel’s Back Park, downtown, and the Greenbelt nearby. Camel’s Back Park provides access to more than 210 miles of hiking and biking trails. The property is currently operated as a short-term rental and can also accommodate long-term tenants.
The property includes a fenced backyard with garden space, a storage shed, and off-street parking. It is located two blocks from Hyde Park in Boise’s North End, with cafés, restaurants, shops, Camel’s Back Park, downtown, and the Greenbelt nearby. Camel’s Back Park provides access to more than 210 miles of hiking and biking trails. The property is currently operated as a short-term rental and can also accommodate long-term tenants.
Key Highlights
- Three‑unit property with a 1‑bedroom apartment and two 2‑bedroom apartments
- 2,327 square feet across three apartments
- Main‑level unit features hardwood floors, original built‑ins, and a brick fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,048
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,960
$561.0K
Cap Rate 7%
$400,686
$400.7K
Cap Rate 9%
$311,644
$311.6K
Market Conditions
NOI Build-Up for 2,327 SF
Gross rent
$40.5K $17.40/SF
− Vacancy
−$421 −$0.18/SF
EGI
$40.1K $17.22/SF
− OpEx
−$12.0K −$5.17/SF
NOI
$28.0K $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%
$560,960
Cap Rate 7%
$400,686
Cap Rate 9%
$311,644
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.6K – $467.5K
NOI $28,048 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$349.4K
$305.7K – $407.6K
NOI $24,457 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$642.7K
$562.3K – $749.8K
NOI $44,986 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments with separate kitchens, in-unit laundry, fenced outdoor space, and off-street parking.
Where is this triplex located?
The property is located at 1605 11th St Boise, ID.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three‑unit property with a 1‑bedroom apartment and two 2‑bedroom apartments; 2,327 square feet across three apartments; Main‑level unit features hardwood floors, original built‑ins, and a brick fireplace
