Triplex with Detached
1607 W Resseguie, Boise, ID 83702
For Sale
$780,000
Historic multifamily property with a detached one-car garage near shops, parks, trails, restaurants, and schools.
Property Size2,244 SF
Price / SF$347.59
Days on Market55
Property Features for 1607 W Resseguie
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Boise Premier Real Estate
Listed By:
Jesse Taff · License ID SP46653
(208) 505-1301
Source:
Waypointidaho
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 8 at 5:51AM
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 Boise Premier Real Estate
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Investment Insights
Based on property information with market context.
Built in 1895, this triplex contains 2,244 square feet and includes a detached one-car garage. Plumbing, electrical systems, and other major capital components have been improved over time, providing an updated foundation within an older residential property.
The property sits just outside the historic district and just off historic Harrison Boulevard. Stores, parks, trails, restaurants, and schools are described as being within walking distance. The rear garage may offer a path for conversion to an ADU, subject to applicable approvals and requirements.
The property sits just outside the historic district and just off historic Harrison Boulevard. Stores, parks, trails, restaurants, and schools are described as being within walking distance. The rear garage may offer a path for conversion to an ADU, subject to applicable approvals and requirements.
Key Highlights
- Triplex with 2,244 square feet
- Built in 1895
- Detached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,048
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,960
$541.0K
Cap Rate 7%
$386,400
$386.4K
Cap Rate 9%
$300,533
$300.5K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$39.0K $17.40/SF
− Vacancy
−$406 −$0.18/SF
EGI
$38.6K $17.22/SF
− OpEx
−$11.6K −$5.17/SF
NOI
$27.0K $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%
$540,960
Cap Rate 7%
$386,400
Cap Rate 9%
$300,533
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,048 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.1K
NOI $23,585 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$619.7K
$542.3K – $723.0K
NOI $43,381 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,422
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
$708,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Ada County, ID
Properties on Market for Triplexes in Ada County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with a detached one-car garage near shops, parks, trails, restaurants, and schools.
Where is this triplex located?
The property is located at 1607 W Resseguie Boise, ID.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Triplex with 2,244 square feet; Built in 1895; Detached one‑car garage
