Income-Producing Fourplex on Large
3009 N Tamarack Dr Boise, ID 83703
3009 N Tamarack Dr, Boise, ID, 83703
$1,200,000
For Sale
$1,200,000
Fourplex with upside potential on a nearly half-acre lot.
Property Size4,660 SF
Lot Size0.50 Acres
Price / SF$257.51
Days on Market52
Property Features for 3009 N Tamarack Dr
General Information
- Standard status
- Active
- Size
- 4,660 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1962
Listing Agency
Keller Williams Realty Boise
Listed by
Eve-marie Bergren
Source
Clearwaterproperties
Added: May 26 Checked: Jul 15 at 9:10 pm
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 Keller Williams Realty Boise
Investment Insights
Based on property information with market context.
This income-producing fourplex is well-positioned on a nearly half-acre lot, offering both stability and upside. The property features a unique mix of two detached cottage units and one duplex, appealing to a wide tenant base. It is zoned R1-C, providing potential for future expansion or added density. Each unit is separately metered and includes its own washer and dryer for tenant convenience. Interiors have been updated with hardwood flooring, large windows, and functional layouts. The duplex units enjoy private backyard spaces. Ample parking includes a paved drive, gravel areas, and individual garages; three units include private garages, plus an owner storage shed. A private well helps reduce utility costs, and low-maintenance landscaping keeps expenses down. All tenants are long-term and month-to-month, offering flexibility with the opportunity to increase rents to market rates. The property is in a desirable location near shopping, dining, parks, and the Boise Greenbelt. The property size is 4660 square feet.
Key Highlights
- Income‑producing fourplex on a nearly ½‑acre lot with upside potential.
- Unique mix of two detached cottage units and one duplex, appealing to a wide tenant base.
- Zoned R1‑C, providing potential for future expansion or added density.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $17.40 |
| − Vacancy | −$843 | −$0.18 |
| EGI | $80.2k | $17.22 |
| − OpEx | −$24.1k | −$5.17 |
| NOI | $56.2k | $12.05 |
4,660 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$802.4K
$702.1K – $936.2K
NOI $56,169 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$699.7K
$612.2K – $816.3K
NOI $48,977 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,087 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Temple of Integrative Arts
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex with upside potential on a nearly half-acre lot.
Where is this quadplex located?
The property is located at 3009 N Tamarack Dr Boise, ID.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Income‑producing fourplex on a nearly ½‑acre lot with upside potential.; Unique mix of two detached cottage units and one duplex, appealing to a wide tenant base.; Zoned R1‑C, providing potential for future expansion or added density.
