Triplex with Separate
225 E 36th Street Garden City, ID 83714
225 E 36th Street, Garden City, ID, 83714
$950,000
For Sale
$950,000
Triplex offering a townhouse, a casita, and a garage loft flex space, each with its own entrance.
Property Size2,422 SF
Price / SF$392.24
Days on Market98
Property Features for 225 E 36th Street
General Information
- Standard status
- Active
- Size
- 2,422 SF
- Property subtype
- Income
Building Details
- Year Built
- 2018
Listing agency
Point Realty LLC
(208) 484-1653
Listed by
Heather Buckley
(208) 484-1653
Source
Homesofidaho
Added: Apr 15 Updated: Jul 20 at 6:30PM Checked: Jul 20 at 6:30PM
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 Point Realty LLC
Investment Insights
Based on property information with market context.
This triplex comprises three separate living spaces on one parcel, offering flexible configurations for a variety of household needs. The property includes a townhouse with three bedrooms and 2.5 baths. There is also a main level casita featuring a separate entrance, a full bath, and a ductless mini split. In addition, the garage loft flex space includes its own separate entrance, a kitchenette, a full bath, a washer/dryer area, and a ductless mini split.
The property is steps from the Boise Whitewater Park and the Boise River greenbelt, located in the Waterfront district. It is described as within walking distance to downtown, with proximity to the greenbelt and river, and adjacency to the Whitewater Park and surfing.
The listing notes a strong rental history and no HOA.
The property is steps from the Boise Whitewater Park and the Boise River greenbelt, located in the Waterfront district. It is described as within walking distance to downtown, with proximity to the greenbelt and river, and adjacency to the Whitewater Park and surfing.
The listing notes a strong rental history and no HOA.
Key Highlights
- Triplex on one parcel with three separate spaces, each with its own entrance
- Includes a 3 bed, 2.5 bath townhouse plus a main level casita with separate entrance and full bath
- Garage loft flex space with kitchenette, full bath, washer/dryer hookups, and separate entrance
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 | $42.1k | $17.40 |
| − Vacancy | −$438 | −$0.18 |
| EGI | $41.7k | $17.22 |
| − OpEx | −$12.5k | −$5.17 |
| NOI | $29.2k | $12.05 |
2,422 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.0K
$364.9K – $486.6K
NOI $29,193 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$668.9K
$585.3K – $780.4K
NOI $46,822 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex offering a townhouse, a casita, and a garage loft flex space, each with its own entrance.
Where is this triplex located?
The property is located at 225 E 36th Street Garden City, ID.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Triplex on one parcel with three separate spaces, each with its own entrance; Includes a 3 bed, 2.5 bath townhouse plus a main level casita with separate entrance and full bath; Garage loft flex space with kitchenette, full bath, washer/dryer hookups, and separate entrance
