Duplex with Detached Two-Car
For Sale
$500,000
Pending
1715-1719 Westland Dr, Boise, ID 83704
Two matching residences include in-unit laundry, kitchen appliances, and backyard access.
Property Size1,784 SF
Days on Market24
Property Features for 1715-1719 Westland Dr
General Information
Standard status
Pending
Size
1,784 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,375
Amenities
refrigerator
washer
dryer
RV Parking
Garage: Two Car, Detached, RV Access/Parking, Finished Driveway
Garage Spaces: 2
4
2.00
Two Car, Detached, RV Access/Parking, Finished Driveway
2
Building Details
Year Built
1955
Listing Agency:
Homes of Idaho
(208) 450-3000
Listed By:
Matthew Halcomb · License #SP47912
Source:
Clearwaterproperties
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 30 at 1:25PM
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 Homes of Idaho
Investment Insights
Based on property information with market context.
This Boise duplex comprises two matching residences within 1,784 square feet, with a combined layout of 4 bedrooms and 2 bathrooms. Both units include refrigerators, washers, dryers, well-equipped kitchens with substantial cabinetry, adjacent laundry areas, and direct backyard access. Large picture windows bring natural light into the living rooms.
The improvements include a detached two-car garage, with one dedicated bay for each residence, along with RV parking and a finished driveway. Unit 1719 has vinyl plank flooring throughout except in the bathroom, while Unit 1715 retains hardwood floors. Built in 1955, the property is near Downtown Boise, Boise State University, Whitewater Park, the Greenbelt, commuter routes, and everyday amenities.
The improvements include a detached two-car garage, with one dedicated bay for each residence, along with RV parking and a finished driveway. Unit 1719 has vinyl plank flooring throughout except in the bathroom, while Unit 1715 retains hardwood floors. Built in 1955, the property is near Downtown Boise, Boise State University, Whitewater Park, the Greenbelt, commuter routes, and everyday amenities.
Key Highlights
- Two‑residence duplex totaling 1,784 SF
- Combined 4 bedrooms and 2 bathrooms
- Detached two‑car garage with one bay per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,060
$430.1K
Cap Rate 7%
$307,186
$307.2K
Cap Rate 9%
$238,922
$238.9K
Market Conditions
NOI Build-Up for 1,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.0K $17.40/SF
− Vacancy
−$323 −$0.18/SF
EGI
$30.7K $17.22/SF
− OpEx
−$9.2K −$5.17/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,060
Cap Rate 7%
$307,186
Cap Rate 9%
$238,922
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$267.9K
$234.4K – $312.5K
NOI $18,750 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$492.7K
$431.1K – $574.8K
NOI $34,488 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences include in-unit laundry, kitchen appliances, and backyard access.
Where is this duplex located?
The property is located at 1715-1719 Westland Dr Boise, ID.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 1,784 SF; Combined 4 bedrooms and 2 bathrooms; Detached two‑car garage with one bay per unit
