Building Details

Year Built 1945

Listing Agency: Homes of Idaho

Listed By: Alicia Reinhard · License #SP44501 Show Phone

Source: Debbiemarcotterealestate

Added: Aug 30 Changed: Oct 4 Last Checked: Oct 7 at 3:33PM

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Investment Insights

Based on property information with market context.

Located at 2805 W Moore St in Boise’s North End, this 4,062-square-foot residential property is configured as a non-conforming triplex. The layout includes 7 bedrooms, 6 full bathrooms, and three primary suites, creating distinct private spaces within the residence. Three separate A/C units serve the home, and the property was built in 1945.

The property is tenant occupied and available for showings strictly by appointment. Its 83702 location provides access to the Boise River Greenbelt and Whitewater Park, while North End cafes, boutiques, and restaurants are within walking or biking distance.

Key Highlights

• 4,062‑square‑foot property built in 1945
• Configured as a non‑conforming triplex
• 7 bedrooms and 6 full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,961

Cap Rate

3.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$979,220 $979.2K

Cap Rate 7%

$699,443 $699.4K

Cap Rate 9%

$544,011 $544.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,062 SF

Gross rent

$70.7K $17.40/SF

− Vacancy

−$735 −$0.18/SF

EGI

$69.9K $17.22/SF

− OpEx

−$21.0K −$5.17/SF

NOI

$49.0K $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%

$979,220

Cap Rate 7%

$699,443

Cap Rate 9%

$544,011

Alternative Uses

Best Use

Multifamily LT 5

$699.4K

$612.0K – $816.0K (±1% cap)

NOI $48,961 @ 7.0% cap · market cap 3.80%

Second Best

Apartment 5plus

$609.9K

$533.7K – $711.5K (±1% cap)

NOI $42,692 @ 7.0% cap · market cap 3.31%

Theoretical Best

Office A

$1.12M

$981.6K – $1.31M (±1% cap)

NOI $78,527 @ 7.0% cap · market cap 6.09%

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

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Storage Facility Garden Center

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

795

Businesses Nearby

Explore this area Business Placement

Demographics for 83702, ID

23,951

Population

12,771

Households

1.9

Avg Household Size

40

Median Age

61%

College-Educated

97%

High-School Grad

31.4 sq mi

ZIP Area

763

Density / Sq Mi

$82,586

Median Household Income

$48,200

Median Earnings

$1,175

Median Rent

$708,000

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?

Triplex - Tenant-occupied property configured for flexible multi-household or rental arrangements.

Where is this triplex located?

The property is located at 2805 W Moore St Boise, ID.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: 4,062‑square‑foot property built in 1945; Configured as a non‑conforming triplex; 7 bedrooms and 6 full bathrooms