Duplex with Updated Kitchen
For Sale
$684,000
2221 & 2223 S Pacific St, Boise, ID 83705
Two well-maintained units offer established rental performance and practical kitchen and bath layouts.
Property Size2,834 SF
Price / SF$241.35
Days on Market47
Property Features for 2221 & 2223 S Pacific St
General Information
Standard status
Active
Size
2,834 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hillcrest
Additional Details
Multifamily Units
2
Building Details
Year Built
2002
Listing Agency:
Premier Group Realty West
Listed By:
Christine Tyler · License #SP10997
(208) 741-1087
Source:
Platzplace
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 1:28PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 2,834 square feet, constructed in 2002. Both units are described as clean and well kept, with kitchens featuring ample cabinetry, a breakfast bar, and a pantry. The primary bathrooms include showers and double sinks, while the main bathrooms provide both showers and tubs.
The property is located near Boise State University, St. Luke’s, and the airport. Both units have a good rental history, providing an established operating record for the existing duplex configuration.
The property is located near Boise State University, St. Luke’s, and the airport. Both units have a good rental history, providing an established operating record for the existing duplex configuration.
Key Highlights
- Two‑unit property totaling 2,834 square feet
- Built in 2002
- Kitchens include ample cabinetry, breakfast bars, and pantries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,159
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,180
$683.2K
Cap Rate 7%
$487,986
$488.0K
Cap Rate 9%
$379,544
$379.5K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$49.3K $17.40/SF
− Vacancy
−$513 −$0.18/SF
EGI
$48.8K $17.22/SF
− OpEx
−$14.6K −$5.17/SF
NOI
$34.2K $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%
$683,180
Cap Rate 7%
$487,986
Cap Rate 9%
$379,544
Alternative Uses
Best Use
Multifamily LT 5
$488.0K
$427.0K – $569.3K
NOI $34,159 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$782.7K
$684.8K – $913.1K
NOI $54,787 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained units offer established rental performance and practical kitchen and bath layouts.
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 $684,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,834 square feet; Built in 2002; Kitchens include ample cabinetry, breakfast bars, and pantries
