Duplex with Garages and Private Outdoor
For Sale
$869,900
2541 W Malad St, Boise, ID 83705
Two matching residences offer practical layouts, individual garages, laundry hookups, and private outdoor areas for occupants.
Property Size3,920 SF
Price / SF$221.91
Days on Market49
Property Features for 2541 W Malad St
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Parking per Unit
2
Amenities
vinyl windows
blinds
A/C wall units
refrigerators
laundry hook-ups
secure interior entrance
private fenced yard
private decks
fully fenced property
Building Details
Year Built
1993
Listing Agency:
Homes of Idaho
Listed By:
Rex Tedeski · License #37106
(208) 407-9507
Source:
Adventureidahorealestate
Added: Sep 4
Changed: Oct 2
Last Checked: Oct 7 at 4:33PM
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 Homes of Idaho
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Investment Insights
Based on property information with market context.
Built in 1993, this 3,920-square-foot duplex contains two residences, each arranged with 2 bedrooms, 1 bathroom, a single-car garage, and an additional front parking space. Both units include refrigerators, full laundry hookups, newer vinyl windows and blinds, and wall-mounted A/C units. Updated carpet and vinyl flooring complement well-maintained interior and exterior paint. Secure interior entrances provide access to each residence.
Outdoor features vary by level: the lower units have private fenced yards, while the upper units include private decks. The entire property is fenced. Its Boise setting places the duplex minutes from Boise State University, downtown, the airport, and the freeway.
Outdoor features vary by level: the lower units have private fenced yards, while the upper units include private decks. The entire property is fenced. Its Boise setting places the duplex minutes from Boise State University, downtown, the airport, and the freeway.
Key Highlights
- 3,920‑square‑foot duplex built in 1993
- Each unit includes 2 bedrooms, 1 bathroom, and a single‑car garage
- Additional front parking space provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,249
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,980
$945.0K
Cap Rate 7%
$674,986
$675.0K
Cap Rate 9%
$524,989
$525.0K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$68.2K $17.40/SF
− Vacancy
−$709 −$0.18/SF
EGI
$67.5K $17.22/SF
− OpEx
−$20.2K −$5.17/SF
NOI
$47.2K $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%
$944,980
Cap Rate 7%
$674,986
Cap Rate 9%
$524,989
Alternative Uses
Best Use
Multifamily LT 5
$675.0K
$590.6K – $787.5K
NOI $47,249 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$588.6K
$515.0K – $686.7K
NOI $41,200 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,781 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer practical layouts, individual garages, laundry hookups, and private outdoor areas for occupants.
Where is this duplex located?
The property is located at 2541 W Malad St Boise, ID.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: 3,920‑square‑foot duplex built in 1993; Each unit includes 2 bedrooms, 1 bathroom, and a single‑car garage; Additional front parking space provided for each unit
