Listing Agency: Presidio Real Estate Idaho b***@msn.com Show Phone

Listed By: Jennifer Hickey · License #SP39410 Show Phone

Source: Exprealty

Added: Jul 3 Changed: Oct 13 Last Checked: Oct 16 at 10:46AM

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Investment Insights

Based on property information with market context.

Palouse Townhomes is a 30-unit residential community in Boise, with homes identified at 1,347 SF. Built by Tradewinds General Contracting, the townhomes feature modern design, and buyers can select from available units. Exterior maintenance is included, and the property offers a dog park area and guest parking. A 1-year warranty is also provided.

The community is located near Palouse and Vista, between Boise Airport and Boise State University. The source information identifies 6 units as sold and notes that additional units are available beyond those currently listed. The property may accommodate residential ownership or rental use, including short-term rental and student-housing applications where permitted.

Key Highlights

• 30‑unit townhome community
• 1,347 SF townhome units
• Built by Tradewinds General Contracting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,157

Cap Rate

2.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,140 $283.1K

Cap Rate 7%

$202,243 $202.2K

Cap Rate 9%

$157,300 $157.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,347 SF

Gross rent

$26.0K $19.32/SF

− Vacancy

−$284 −$0.21/SF

EGI

$25.7K $19.11/SF

− OpEx

−$11.6K −$8.60/SF

NOI

$14.2K $10.51/SF

Area

Ada County, ID

Vacancy

1.09%

Lease Rate

$19.32 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,140

Cap Rate 7%

$202,243

Cap Rate 9%

$157,300

Alternative Uses

Best Use

Apartment 5plus

$202.2K

$177.0K – $236.0K (±1% cap)

NOI $14,157 @ 7.0% cap · market cap 2.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$372.0K

$325.5K – $434.0K (±1% cap)

NOI $26,040 @ 7.0% cap · market cap 5.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Computer & Electronic Repair (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Nursing Home

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

Location Intelligence

Trade Area within ½ mile

647

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Townhome units include dog park access, guest parking, and exterior maintenance coverage.

Where is this multifamily property located?

The property is located at 2763 W Palouse St Boise, ID.

What is the asking price?

The asking price for this property is $474,999.

What are key features of this property?

This property features: 30‑unit townhome community; 1,347 SF townhome units; Built by Tradewinds General Contracting