Boise Duplex with Updated
2061/2063 S Colorado Ave Boise, ID 83706
2061/2063 S Colorado Ave, Boise, ID, 83706
$569,900
For Sale
$569,900
Updated duplex in SE Boise, near BSU, freeway, and downtown.
Property Size1,893 SF
Price / SF$301.06
Days on Market53
Property Features for 2061/2063 S Colorado Ave
General Information
- Standard status
- Active
- Size
- 1,893 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1977
Listing Agency
Silvercreek Realty Group
Listed by
Wendy Alexandre
Source
Clearwaterproperties
Added: May 25 Checked: Jul 15 at 3:03 pm
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
Investment Insights
Based on property information with market context.
This duplex property is located in Southeast Boise, offering proximity to Boise State University, the freeway, the airport, parks, and shopping. It provides immediate access to Broadway, Downtown Boise, and the Greenbelt. The property is situated two blocks from city bus routes and stops, and within walking distance to various shopping and dining locations. Both units feature updated LVP flooring and fresh paint. The roof and mechanical systems were replaced within the last 10 years. Each unit includes a one-car garage, along with ample driveway and off-street parking. The property has a total size of 1893 square feet and has fresh exterior paint and clean, renovated interiors.
Key Highlights
- Assumable Loan Opportunity with potentially Low Interest Rate
- Duplex with Renovated Interiors and Fresh Exterior Paint
- Excellent Location: Close to BSU, Freeway, Airport, Parks, Shopping, Downtown Boise & Greenbelt
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $17.40 |
| − Vacancy | −$343 | −$0.18 |
| EGI | $32.6k | $17.22 |
| − OpEx | −$9.8k | −$5.17 |
| NOI | $22.8k | $12.05 |
1,893 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.2K – $380.3K
NOI $22,817 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$284.2K
$248.7K – $331.6K
NOI $19,896 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$522.8K
$457.4K – $609.9K
NOI $36,595 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex in SE Boise, near BSU, freeway, and downtown.
Where is this duplex located?
The property is located at 2061/2063 S Colorado Ave Boise, ID.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Assumable Loan Opportunity with potentially Low Interest Rate; Duplex with Renovated Interiors and Fresh Exterior Paint; Excellent Location: Close to BSU, Freeway, Airport, Parks, Shopping, Downtown Boise & Greenbelt
