Two-Story Duplex with
New
For Sale
$579,900
2025/2027 Owyhee St., Boise, ID 83705
Separate electric meters serve the two townhouse-style residences, each with private outdoor space.
Property Size2,304 SF
Price / SF$251.69
Days on Market2
Property Features for 2025/2027 Owyhee St.
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,888
Amenities
fenced backyards
Garage: Detached
4
4.00
Detached
Building Details
Year Built
1973
Buildings
1
Stories
2
Construction
townhouse-style
Listing Agency:
Keller Williams Realty Boise
Listed By:
Dawn Templeton · License #AB24224
(208) 890-1352
Source:
Clearwaterproperties
Added: Oct 4
Last Checked: Oct 4 at 2:05PM
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 Keller Williams Realty Boise
Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex was built in 1973 and has a two-story townhouse configuration. Each of its two residences includes 2 bedrooms and 1.5 baths, a fenced backyard, a detached one-car garage, and an additional parking space. The property is all-electric, with utilities metered separately. Unit 2025 has received interior and exterior updates.
The property is on Owyhee Street in Boise’s Bench area. Micron is about 12 minutes away, while the airport, Downtown Boise, Costco, and the Mall are each less than 10 minutes away.
The property is on Owyhee Street in Boise’s Bench area. Micron is about 12 minutes away, while the airport, Downtown Boise, Costco, and the Mall are each less than 10 minutes away.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 baths
- 2,304 square feet; built in 1973
- Each unit has a fenced backyard, detached one‑car garage, and one additional parking space
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
$27,771
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
4.79%
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%
$555,420
$555.4K
Cap Rate 7%
$396,729
$396.7K
Cap Rate 9%
$308,567
$308.6K
Market Conditions
NOI Build-Up for 2,304 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
$40.1K $17.40/SF
− Vacancy
−$417 −$0.18/SF
EGI
$39.7K $17.22/SF
− OpEx
−$11.9K −$5.17/SF
NOI
$27.8K $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%
$555,420
Cap Rate 7%
$396,729
Cap Rate 9%
$308,567
Alternative Uses
Best Use
Multifamily LT 5
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$345.9K
$302.7K – $403.6K
NOI $24,215 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$636.3K
$556.8K – $742.4K
NOI $44,541 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 83705, ID
27,756
Population
13,228
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
1,713
Density / Sq Mi
$62,605
Median Household Income
$37,283
Median Earnings
$1,166
Median Rent
$378,800
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 - Separate electric meters serve the two townhouse-style residences, each with private outdoor space.
Where is this duplex located?
The property is located at 2025/2027 Owyhee St. Boise, ID.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 baths; 2,304 square feet; built in 1973; Each unit has a fenced backyard, detached one‑car garage, and one additional parking space
