Three-Unit Residential Income
1607 W Resseguie, Boise, ID 83702
For Sale
$780,000
Residential Income, Boise, ID
Property Size2,244 SF
Lot Size0.08 Acres
Price / SF$347.59
Days on Market54
Property Features for 1607 W Resseguie
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Boise Premier Real Estate
(208) 639-0656
Listed By:
Nick Hampton · License #SP39606
(208) 353-0871
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 7 at 5:06AM
MLS# 99000907
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 2,244-square-foot triplex contains three bedrooms and three bathrooms across its units. The largest unit offers the option of owner occupancy. The 0.08-acre property was built in 1895 and has frame construction with wood siding and a composition roof. Heating is forced-air natural gas, while cooling is provided by window or wall/window units. Each unit has a stove and refrigerator; a disposal is also listed.
The property sits just outside Boise’s historic district, near Harrison Boulevard. Stores, parks, trails, restaurants, and schools are within walking distance. The listing also identifies plumbing, electrical, and other major capital improvements completed over time.
The property sits just outside Boise’s historic district, near Harrison Boulevard. Stores, parks, trails, restaurants, and schools are within walking distance. The listing also identifies plumbing, electrical, and other major capital improvements completed over time.
Key Highlights
- Three‑unit property with 2,244 square feet of building area
- Largest unit offers an owner‑occupancy option
- 0.08‑acre parcel, built in 1895
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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Lease Details
3
Residential units
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 - Three separate kitchens and a largest unit that may accommodate owner occupancy give the property multiple residential configurations.
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: Three‑unit property with 2,244 square feet of building area; Largest unit offers an owner‑occupancy option; 0.08‑acre parcel, built in 1895
