Duplex With Detached
For Sale
$500,000
1715 1715-1719 N Westland Dr, Boise, ID 83704
Two matching residences include appliances, private laundry areas, backyard access, and dedicated garage parking.
Property Size1,784 SF
Price / SF$280.27
Days on Market24
Property Features for 1715 1715-1719 N Westland Dr
General Information
Standard status
Active
Size
1,784 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
1
Amenities
refrigerator
washer
dryer
RV parking
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Homes of Idaho
(208) 450-3000
Listed By:
Matthew Halcomb · License #SP47912
Source:
Adventureidahorealestate
Added: Aug 8
Changed: Aug 30
Last Checked: Aug 30 at 6:49PM
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 duplex contains two matching residences within 1,784 square feet, each with a practical living arrangement, large picture windows, and a generous kitchen with substantial cabinetry. Refrigerators, washers, and dryers are included in both units, with laundry areas positioned beside the kitchens and direct access to the backyard. Unit 1719 features updated vinyl plank flooring throughout except the bathroom, while Unit 1715 has hardwood flooring.
A detached two-car garage provides one dedicated bay for each residence, with additional storage capacity. The property also includes RV parking. Its Boise setting places it near Downtown Boise, BSU, Whitewater Park, the Greenbelt, major commuter routes, and everyday amenities.
A detached two-car garage provides one dedicated bay for each residence, with additional storage capacity. The property also includes RV parking. Its Boise setting places it near Downtown Boise, BSU, Whitewater Park, the Greenbelt, major commuter routes, and everyday amenities.
Key Highlights
- Two matching residences within 1784 square feet
- Detached two‑car garage with one dedicated bay per unit
- Refrigerator, washer, and dryer included in each residence
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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences include appliances, private laundry areas, backyard access, and dedicated garage parking.
Where is this duplex located?
The property is located at 1715 1715-1719 N 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 matching residences within 1784 square feet; Detached two‑car garage with one dedicated bay per unit; Refrigerator, washer, and dryer included in each residence
