Short-Term Rental Townhome
For Sale
$474,900
2807 W Palouse St, Boise, ID 83705
Townhome residences with guest parking, a dog park area, and exterior maintenance included.
Property Size1,485 SF
Price / SF$319.80
Days on Market12
Property Features for 2807 W Palouse St
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Residential Income
Amenities
dog park area
guest parking
Listing Agency:
Presidio Real Estate Idaho
(208) 724-6124
Listed By:
Jennifer Hickey · License #SP39410
(208) 724-6124
Source:
Exprealty
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 10 at 8:17AM
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 Presidio Real Estate Idaho
Investment Insights
Based on property information with market context.
This townhome property is part of a 30-unit residential development in Boise, with a reported property size of 1,485 square feet. The homes were constructed by Tradewinds General Contracting and feature contemporary design elements. Exterior maintenance is included, and residents have access to guest parking and a designated dog park area. A one-year warranty is also provided.
The property is positioned near Palouse Street and Vista Avenue, between Boise Airport and Boise State University. Its setting places the development within reach of both transportation infrastructure and the university campus. The source information identifies the residences as suitable for short-term rental use, including Airbnb, as well as student housing and housing for airport or Micron employees.
The property is positioned near Palouse Street and Vista Avenue, between Boise Airport and Boise State University. Its setting places the development within reach of both transportation infrastructure and the university campus. The source information identifies the residences as suitable for short-term rental use, including Airbnb, as well as student housing and housing for airport or Micron employees.
Key Highlights
- 30‑unit Boise townhome development
- 1,485‑square‑foot property size
- Guest parking and designated dog park area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,160
$312.2K
Cap Rate 7%
$222,971
$223.0K
Cap Rate 9%
$173,422
$173.4K
Market Conditions
NOI Build-Up for 1,485 SF
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.
Gross rent
$28.7K $19.32/SF
− Vacancy
−$313 −$0.21/SF
EGI
$28.4K $19.11/SF
− OpEx
−$12.8K −$8.60/SF
NOI
$15.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,160
Cap Rate 7%
$222,971
Cap Rate 9%
$173,422
Alternative Uses
Best Use
Apartment 5plus
$223.0K
$195.1K – $260.1K
NOI $15,608 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K
NOI $28,708 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
673
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Townhome residences with guest parking, a dog park area, and exterior maintenance included.
Where is this short term rental property located?
The property is located at 2807 W Palouse St Boise, ID.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 30‑unit Boise townhome development; 1,485‑square‑foot property size; Guest parking and designated dog park area
