Updated Boise Duplex
2061/2063 S Colorado Ave Boise, ID 83706
2061/2063 S Colorado Ave, Boise, ID, 83706
$569,900
Pending
For Sale
$569,900
Pending
MULTI_FAMILY - Boise, ID
Property Size1,893 SF
Lot Size0.14 Acres
Days on Market65
Property Features for 2061/2063 S Colorado Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4
- Parking
- 2
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Standard status
- Pending
- APN
- R6985790070
- Size
- 1,893 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEC/TWN/RNG/MER:SEC 23 TWN 03N RNG 02E LOT 15 BLK 1 PENNSYLVANIA SQUARE SUB #97070188, Boise, Ada, Idaho
- Tax Annual Amount
- 4707
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Number of units
- 2
- Building materials
- Frame, Stucco
- Roof type
- Composition
Listing Agency
Silvercreek Realty Group
(208) 377-0422
1099 S. Wells, Meridian, ID
Listed by
Wendy Alexandre · License #AB29622
(208) 412-2109
Added: May 13 Checked: Jul 16 at 10:06 pm
MLS# 98986014
Listing URL
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Investment Insights
Based on property information with market context.
This SE Boise duplex is offered for sale as a two-unit property with both sides updated for immediate occupancy. The exterior has been refreshed with fresh exterior paint, while the interiors have been renovated, including LVP flooring and fresh paint throughout. According to the seller, the roof and mechanicals were replaced within the last 10 years, supporting long-term ownership planning. Each unit includes a one-car garage, along with ample driveway and off-street parking to support tenants and day-to-day convenience.
The property is located at 2061/2063 S Colorado Ave in Boise, ID 83706. The remarks indicate convenient access to Broadway and Downtown Boise, as well as the Greenbelt. It is described as close to BSU, the freeway, the airport, parks, and shopping. The listing also notes that the duplex is about two blocks from city bus route stops and within walking distance to multiple shopping and dining options.
The updated layout and attached garages make this duplex a practical fit for an owner-occupant who wants the option to live in one side while renting the other. It may also appeal to investors seeking a turnkey residential income property with recent improvements. The listing mentions a potential assumable loan opportunity for qualified buyers.
The property is located at 2061/2063 S Colorado Ave in Boise, ID 83706. The remarks indicate convenient access to Broadway and Downtown Boise, as well as the Greenbelt. It is described as close to BSU, the freeway, the airport, parks, and shopping. The listing also notes that the duplex is about two blocks from city bus route stops and within walking distance to multiple shopping and dining options.
The updated layout and attached garages make this duplex a practical fit for an owner-occupant who wants the option to live in one side while renting the other. It may also appeal to investors seeking a turnkey residential income property with recent improvements. The listing mentions a potential assumable loan opportunity for qualified buyers.
Key Highlights
- Duplex built in 1977 with frame and stucco construction.
- Both units updated with LVP flooring and fresh paint.
- Roof and mechanicals replaced within the last 10 years.
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 - Duplex with renovated interiors, LVP flooring, fresh paint, and each unit featuring a one-car garage and off-street parking.
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: Duplex built in 1977 with frame and stucco construction.; Both units updated with LVP flooring and fresh paint.; Roof and mechanicals replaced within the last 10 years.
