Duplex Income
2221 & 2223 S Pacific St Boise, ID 83705
2221 & 2223 S Pacific St, Boise, ID, 83705
$720,000
For Sale
$720,000
Two-unit duplex near BSU, St. Luke’s, and the airport, offering two clean, well-kept residences with solid rental history.
Property Size2,834 SF
Price / SF$254.06
Days on Market21
Property Features for 2221 & 2223 S Pacific St
General Information
- Standard status
- Active
- Size
- 2,834 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2002
Listing Agency
Premier Group Realty West
Listed by
Christine Tyler
Source
Clearwaterproperties
Added: Jun 26 Checked: Jul 15 at 5:40 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 Premier Group Realty West
Investment Insights
Based on property information with market context.
This for-sale duplex includes two separate units at 2221 and 2223 S Pacific St. Each unit features a kitchen with lots of cabinets, a breakfast bar, and a pantry, along with a master bath that includes a shower and double sinks. The main bath in each unit offers a shower and tub, and the property is described as clean and well kept throughout. Public remarks also note good rental history for both units.
The property’s convenience is a key consideration, with proximity to BSU, St. Luke’s, and the airport noted in the available information. This makes the asset a practical option for tenants who want access to major destinations in the Boise area.
For buyers, the duplex format provides two income-producing units in a single property package, with both residences supported by the stated rental history and strong day-to-day livability features. The well-maintained interior details, including the cabinet-rich kitchens and dual-sink master bath, support a tenant-ready offering for residential income strategies.
The property’s convenience is a key consideration, with proximity to BSU, St. Luke’s, and the airport noted in the available information. This makes the asset a practical option for tenants who want access to major destinations in the Boise area.
For buyers, the duplex format provides two income-producing units in a single property package, with both residences supported by the stated rental history and strong day-to-day livability features. The well-maintained interior details, including the cabinet-rich kitchens and dual-sink master bath, support a tenant-ready offering for residential income strategies.
Key Highlights
- Two‑unit duplex near BSU, St. Luke’s, and the airport
- 6 bedrooms and 6 total bathrooms across both units
- Year built 2002
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 | $49.3k | $17.40 |
| − Vacancy | −$513 | −$0.18 |
| EGI | $48.8k | $17.22 |
| − OpEx | −$14.6k | −$5.17 |
| NOI | $34.2k | $12.05 |
2,834 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.0K
$427.0K – $569.3K
NOI $34,159 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$782.7K
$684.8K – $913.1K
NOI $54,787 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex near BSU, St. Luke’s, and the airport, offering two clean, well-kept residences with solid rental history.
Where is this duplex located?
The property is located at 2221 & 2223 S Pacific St Boise, ID.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit duplex near BSU, St. Luke’s, and the airport; 6 bedrooms and 6 total bathrooms across both units; Year built 2002
