Short-Term Rental Townhome
2807 W Palouse St, Boise, ID 83705
For Sale
$474,900
Townhome residences with guest parking, a dog park area, and exterior maintenance included.
Property Size1,485 SF
Price / SF$319.80
Days on Market105
Property Features for 2807 W Palouse St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
dog park area
guest parking
Building Details
Year Built
Listing Agency:
Presidio Real Estate Idaho
Listed By:
Jennifer Hickey · License ID #20102
(208) 724-6124
Source:
Moscowrealty
Added: Aug 2
Changed: Nov 3
Last Checked: Nov 12 at 5:07AM
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
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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 / Yr
$15,608
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
647
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?
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
