Updated Duplex with Fenced
For Sale
$539,900
2011 S Colorado Ave, Boise, ID 83706
Two residential units offer open layouts, fireplaces, dedicated laundry areas, and enclosed yards with automatic sprinklers.
Property Size1,820 SF
Price / SF$296.65
Days on Market51
Property Features for 2011 S Colorado Ave
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
East End
Amenities
fireplace
laundry area
fenced yards
Building Details
Year Built
1977
Listing Agency:
Silvercreek Realty Group
Listed By:
Ann Edmark-reed · License #AB2192
(208) 283-8200
Source:
Platzplace
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 4:13PM
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 Silvercreek Realty Group
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Investment Insights
Based on property information with market context.
This duplex includes 1,820 square feet across two residential units, each with an open living arrangement and practical everyday features. Interior updates include laminate flooring and newer paint, while kitchens provide ample cabinetry, white appliances, pantry storage, and dedicated eating areas. Living rooms include fireplaces and large windows. Primary bedrooms offer dual closets, and bathrooms feature tiled flooring. Large laundry areas include washers and dryers.
The property is located at 2011 S Colorado Ave in SE Boise, with access to BSU, the river, the greenbelt, the airport, and downtown. Each unit also includes a fenced yard with automatic sprinklers, and the exterior has been freshly painted. Leases run through 5/27.
The property is located at 2011 S Colorado Ave in SE Boise, with access to BSU, the river, the greenbelt, the airport, and downtown. Each unit also includes a fenced yard with automatic sprinklers, and the exterior has been freshly painted. Leases run through 5/27.
Key Highlights
- Duplex totaling 1,820 square feet, built in 1977
- Updated interiors with laminate flooring and newer interior paint
- Open layouts with fireplaces, large windows, and kitchen eating areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,937
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,740
$438.7K
Cap Rate 7%
$313,386
$313.4K
Cap Rate 9%
$243,744
$243.7K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$31.7K $17.40/SF
− Vacancy
−$329 −$0.18/SF
EGI
$31.3K $17.22/SF
− OpEx
−$9.4K −$5.17/SF
NOI
$21.9K $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%
$438,740
Cap Rate 7%
$313,386
Cap Rate 9%
$243,744
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,937 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,129 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$502.6K
$439.8K – $586.4K
NOI $35,184 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
647
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Business Placement
Demographics for 83706, ID
34,446
Population
15,992
Households
2.2
Avg Household Size
31
Median Age
57%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
4,655
Density / Sq Mi
$81,101
Median Household Income
$33,331
Median Earnings
$1,378
Median Rent
$488,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open layouts, fireplaces, dedicated laundry areas, and enclosed yards with automatic sprinklers.
Where is this duplex located?
The property is located at 2011 S Colorado Ave Boise, ID.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Duplex totaling 1,820 square feet, built in 1977; Updated interiors with laminate flooring and newer interior paint; Open layouts with fireplaces, large windows, and kitchen eating areas
