Updated Quadplex with Private
For Sale
$1,200,000
3009 N Tamarack Dr, Boise, ID 83703
Four separately metered units combine cottage and duplex layouts with private laundry facilities and flexible month-to-month tenancy.
Property Size4,660 SF
Price / SF$257.51
Days on Market52
Property Features for 3009 N Tamarack Dr
General Information
Standard status
Active
Size
4,660 SF
Property subtype
Multi-Family
Zoning
R1-C
Site & Location
Neighborhood
Veterans Park
Additional Details
Multifamily Units
4
Amenities
in-unit washer and dryer
private backyard
storage shed
Building Details
Year Built
1962
Buildings
3
Listing Agency:
Keller Williams Realty Boise
Listed By:
Eve-marie Bergren · License #SP46122
(208) 972-1337
Source:
Myrecollab
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 28 at 10:59AM
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
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Investment Insights
Based on property information with market context.
This 4,660-square-foot quadplex comprises two detached cottage units and a separate duplex, creating four distinct residences on a nearly ½-acre parcel. The units have updated interiors with hardwood floors, large windows, and functional layouts. Each residence is separately metered and includes its own washer and dryer. The duplex units also have private backyard areas.
Parking is provided through a paved driveway, gravel parking areas, and individual garages, with three of the units receiving private garage space. The property includes an owner storage shed, a private well, and low-maintenance landscaping. Tenancies are long-term and month-to-month. R1-C zoning is in place, and the property is near shopping, dining, parks, and the Boise Greenbelt.
Parking is provided through a paved driveway, gravel parking areas, and individual garages, with three of the units receiving private garage space. The property includes an owner storage shed, a private well, and low-maintenance landscaping. Tenancies are long-term and month-to-month. R1-C zoning is in place, and the property is near shopping, dining, parks, and the Boise Greenbelt.
Key Highlights
- 4,660‑square‑foot quadplex on a nearly ½‑acre lot
- Two detached cottages plus one duplex create four residential units
- R1‑C zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,169
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,380
$1.1M
Cap Rate 7%
$802,414
$802.4K
Cap Rate 9%
$624,100
$624.1K
Market Conditions
NOI Build-Up for 4,660 SF
Gross rent
$81.1K $17.40/SF
− Vacancy
−$843 −$0.18/SF
EGI
$80.2K $17.22/SF
− OpEx
−$24.1K −$5.17/SF
NOI
$56.2K $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%
$1,123,380
Cap Rate 7%
$802,414
Cap Rate 9%
$624,100
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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Business Placement
Demographics for 83703, ID
18,163
Population
7,971
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
2,242
Density / Sq Mi
$74,415
Median Household Income
$41,938
Median Earnings
$1,336
Median Rent
$477,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered units combine cottage and duplex layouts with private laundry facilities and flexible month-to-month tenancy.
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: 4,660‑square‑foot quadplex on a nearly ½‑acre lot; Two detached cottages plus one duplex create four residential units; R1‑C zoning
