Triplex with Corner Lot
2401 N 26th St Boise, ID 83702
For Sale
$1,295,000
Three-unit triplex with street frontage, parking, and a remodeled main home plus two detached units.
Property Size4,071 SF
Price / SF$318.10
Days on Market380
Property Features for 2401 N 26th St
General Information
- Standard status
- Active
- Size
- 4,071 SF
- Property subtype
- Income
Building Details
- Year Built
- 1953
Listing Agency:
Mark Bottles Real Estate Serv.
(208) 514-8240
Listed By:
Karey Hunter
(208) 514-8240
Source:
Homesofidaho
Added: Jul 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:07PM
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 Mark Bottles Real Estate Serv.
Investment Insights
Based on property information with market context.
This for-sale triplex features three units with street frontage and parking, including a beautifully maintained corner-lot setup with a clinker brick main home and two additional units in a separate building. The main home has been tastefully remodeled and includes four bedrooms, two bathrooms, two large living rooms, and a fireplace. The redesigned kitchen offers new cabinetry, granite countertops, stainless steel appliances, and a breakfast bar island adjacent to a central dining area. Additional space includes a shop and storage area.
All units provide livable configurations, with 2606 Breneman Unit A described as a modern 1-bedroom, 1-bath unit and Unit B described as an updated 2-bedroom, 1-bath unit. The property has been operated as rentals across multiple formats, including long-term rentals, short-term unfurnished rentals, and short-term furnished stays (including mid-term furnished rentals of 3+ months), with the units noted as having been rented quickly through turnover.
The seller also offers financing through a lease-to-own structure.
All units provide livable configurations, with 2606 Breneman Unit A described as a modern 1-bedroom, 1-bath unit and Unit B described as an updated 2-bedroom, 1-bath unit. The property has been operated as rentals across multiple formats, including long-term rentals, short-term unfurnished rentals, and short-term furnished stays (including mid-term furnished rentals of 3+ months), with the units noted as having been rented quickly through turnover.
The seller also offers financing through a lease-to-own structure.
Key Highlights
- Three‑unit triplex on a North End corner lot (2 separate detached units plus a remodeled main home)
- Remodeled main home features 4 bedrooms, 2 baths, 2 large living rooms, and a fireplace
- Redesigned kitchen in the main home with new cabinets, granite countertops, stainless steel appliances, and a breakfast bar island
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 | $70.8k | $17.40 |
| − Vacancy | −$737 | −$0.18 |
| EGI | $70.1k | $17.22 |
| − OpEx | −$21.0k | −$5.17 |
| NOI | $49.1k | $12.05 |
4,071 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$701.0K
$613.4K – $817.8K
NOI $49,069 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,787 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.12M
$983.8K – $1.31M
NOI $78,701 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit triplex with street frontage, parking, and a remodeled main home plus two detached units.
Where is this triplex located?
The property is located at 2401 N 26th St Boise, ID.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three‑unit triplex on a North End corner lot (2 separate detached units plus a remodeled main home); Remodeled main home features 4 bedrooms, 2 baths, 2 large living rooms, and a fireplace; Redesigned kitchen in the main home with new cabinets, granite countertops, stainless steel appliances, and a breakfast bar island
