Two-Unit Leased
For Sale
$849,900
2437 & 2443 S Kindful Lane, Boise, ID 83705
Both units are leased through Summer 2027, providing established occupancy for the current ownership period.
Property Size3,091 SF
Price / SF$274.96
Days on Market51
Property Features for 2437 & 2443 S Kindful Lane
General Information
Standard status
Active
Size
3,091 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southeast Boise
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Listed By:
Aspire Realty Group
(208) 615-2433
Source:
Aspirerealtyagents
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 4 at 12:35PM
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 Aspire Realty Group
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Investment Insights
Based on property information with market context.
Built in 2024, this 3,091-square-foot duplex includes two residential units in a recently constructed property. Both units are subject to current leases extending through Summer 2027, supporting continued occupancy under the existing lease term.
The property is located in Boise’s Bench area near schools, downtown Boise, parks, Micron, Boise State, and the airport. Its address includes separate unit numbers at 2437 and 2443 S Kindful Lane, reflecting the duplex configuration.
The property is located in Boise’s Bench area near schools, downtown Boise, parks, Micron, Boise State, and the airport. Its address includes separate unit numbers at 2437 and 2443 S Kindful Lane, reflecting the duplex configuration.
Key Highlights
- Two‑unit duplex built in 2024
- 3,091 square feet of total property size
- Both units leased through Summer 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,257
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,140
$745.1K
Cap Rate 7%
$532,243
$532.2K
Cap Rate 9%
$413,967
$414.0K
Market Conditions
NOI Build-Up for 3,091 SF
Gross rent
$53.8K $17.40/SF
− Vacancy
−$559 −$0.18/SF
EGI
$53.2K $17.22/SF
− OpEx
−$16.0K −$5.17/SF
NOI
$37.3K $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%
$745,140
Cap Rate 7%
$532,243
Cap Rate 9%
$413,967
Alternative Uses
Best Use
Multifamily LT 5
$532.2K
$465.7K – $621.0K
NOI $37,257 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$464.1K
$406.1K – $541.5K
NOI $32,487 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$853.6K
$746.9K – $995.9K
NOI $59,755 @ 7.0% cap · market cap 7.03%
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
73
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 - Both units are leased through Summer 2027, providing established occupancy for the current ownership period.
Where is this duplex located?
The property is located at 2437 & 2443 S Kindful Lane Boise, ID.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2024; 3,091 square feet of total property size; Both units leased through Summer 2027
