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5-Unit Multifamily Building
For Sale
$850,000

235 E Warm Springs Avenue, Boise, ID 83712

Classic five-unit multifamily with a mix of short-term and long-term rentals under third-party management.

Property Size1,852 SF
Price / SF$458.96
Days on Market56

Property Features for 235 E Warm Springs Avenue

General Information

Standard status Active
Size 1,852 SF
Property subtype Apartment

Additional Details

Business Included Yes
Multifamily Units 5

Amenities

Lot Features: Small Lot 5999 SF, Sidewalks, Lot Size Acres: 0.1, Lot Size Area: 0.1, Lot Size Dimensions: 97x49, Lot Size Square Feet: 4356, Lot Size Units: Acres
Tax Annual Amount: 6794.9, Tax Legal Description: See documents, Tax Year: 2024
Open Parking YN: t
Cooling: Wall/Window Unit(s), Cooling YN: t
Heating: Electric, Natural Gas, Wall Furnace, Heating YN: t
Listing Id: 98993836, Listing Service: Full Service, List Price: 850000, Mls Status: Active, Number Of Units Total: 5, Standard Status: Active
Parking Features: Finished Driveway, Parking Total: 3
Elementary School: Adams, Elementary School District: Boise School District #1, High School: Boise, High School District: Boise School District #1, Middle Or Junior School: North Jr, Middle Or Junior School District: Boise School District #1
Bedrooms Total: 5
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 1852, Building Area Units: Square Feet, Construction Materials: Frame, Stucco, Living Area: 1852, Living Area Units: Square Feet, Year Built: 1900
Operating Expense: 46153
City: Boise, Coordinates: -116.192259, 43.610695, Country: US, County Or Parish: Ada, Directions: Property is located at southeast corner of Broadway and Warm Springs. Right hand side if driving east on Warm Springs., Latitude: 43.610695, Longitude: -116.192259, Postal Code: 83712, State Or Province: ID, Street Dir Prefix: E, Street Name: Warm Springs Avenue, Street Number: 235, Street Number Numeric: 235, Subdivision Name: 0 Not Applic., Unparsed Address: 235 E Warm Springs Avenue, Boise ID 83712
Current Use: 5+ Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: S1011325670, Property Sub Type: Apartment, Property Type: Residential Income
Bathrooms Total Integer: 5
Utilities: Sewer Connected
Foundation Details: Crawl Space
Irrigation Source: Irrigation District: No, Water Source: City Service
Appliances: Disposal (Some Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)

Building Details

Year Built 1900
Listing Agency: TOK Commercial
Listed By: Mike Ballantyne · License #DB18541
Source: Thgboise
Added: Jul 13 Changed: Sep 5 Last Checked: Sep 6 at 6:31AM

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 TOK Commercial

Investment Insights

Based on property information with market context.

This classic five-unit multifamily property includes a flexible rental setup historically configured as three short-term rentals and two long-term units. Long- and short-term rentals are managed by a third-party property management company.

The property is located at 235 E Warm Springs Avenue in Boise, Idaho.

See the flyer in the documents for additional details.

Key Highlights

  • Classic 5‑unit multifamily on Warm Springs Avenue in Boise’s East End
  • Built in 1900
  • Historic rental setup: 3 short‑term (Airbnb) units and 2 long‑term units

Property Analytics

Current Use

Springhill Suite Hotel & Motel

Suggested Use

Top Pick Electrical Service HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

3,675
Businesses Nearby

Demographics for 83712, ID

8,908
Population
4,606
Households
1.9
Avg Household Size
42
Median Age
62%
College-Educated
97%
High-School Grad
22.9 sq mi
ZIP Area
389
Density / Sq Mi
$105,764
Median Household Income
$56,280
Median Earnings
$1,368
Median Rent
$757,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Classic five-unit multifamily with a mix of short-term and long-term rentals under third-party management.
Where is this apartment building located?
The property is located at 235 E Warm Springs Avenue Boise, ID.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Classic 5‑unit multifamily on Warm Springs Avenue in Boise’s East End; Built in 1900; Historic rental setup: 3 short‑term (Airbnb) units and 2 long‑term units
More about this property
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