Historic Triplex with
For Sale
$949,900
1605 N 11th St, Boise, ID 83702
Residential Income, Boise, ID
Property Size2,327 SF
Lot Size0.13 Acres
Price / SF$408.21
Days on Market174
Property Features for 1605 N 11th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-1CH
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1
Parking
4
Fireplace
1
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Hyde Park Sub
Lot features
Standard Lot 6000-9999 S F, Garden, Sidewalks
Elementary school
Longfellow
Middle school
North Jr
High school
Boise
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
State St, N on 15th St, E on Eastman, N on 11th St
Standard status
Active
APN
R3826000540
Size
2,327 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 7 & 8 BLK 9 HYDE PARK ADD
Tax Annual Amount
5949
Legal Description
LOTS 7 & 8 BLK 9 HYDE PARK ADD
Utilities
Heating system
Natural Gas, Forced Air, Fireplace(s), Baseboard
Cooling system
Central Air
Amenities
in-unit washer/dryer
fireplace
fenced backyard
garden space
storage shed
Building Details
Year built
1910
Number of units
3
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Donny Heck · License #SP35339
(208) 631-7444
Added: Apr 16
Changed: Sep 13
Last Checked: Oct 6 at 7:06AM
MLS# 98982414
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.
Built in 1910, this 2,327-square-foot triplex contains three separate apartments: a main-level one-bedroom, one-bath residence and two additional units, each with two bedrooms and one bathroom. The main apartment includes hardwood flooring, original built-ins, a brick fireplace, and a full kitchen. The second- and lower-level apartments also feature full kitchens, while each has its own washer and dryer. Central air, natural-gas heating, forced air, baseboard heat, and fireplace heating are included among the building systems and features.
The property occupies 0.132 acres at 1605 N 11th St in Boise’s North End, two blocks from Hyde Park. A fenced rear yard provides off-street parking, garden area, and a storage shed. Camel’s Back Park is three blocks away, with access to over 210 miles of hiking and biking trails. The property is currently operated as a short-term rental and is also suited to long-term tenancy.
The property occupies 0.132 acres at 1605 N 11th St in Boise’s North End, two blocks from Hyde Park. A fenced rear yard provides off-street parking, garden area, and a storage shed. Camel’s Back Park is three blocks away, with access to over 210 miles of hiking and biking trails. The property is currently operated as a short-term rental and is also suited to long-term tenancy.
Key Highlights
- Triplex with one 1‑bedroom unit and two 2‑bedroom units
- 2,327 square feet on a 0.132‑acre lot
- Built in 1910 with 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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer full kitchens, with in-unit laundry serving the two upper-level residences.
Where is this triplex located?
The property is located at 1605 N 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: Triplex with one 1‑bedroom unit and two 2‑bedroom units; 2,327 square feet on a 0.132‑acre lot; Built in 1910 with hardwood floors, original built‑ins, and a brick fireplace
