Fourplex With Detached
3009 N Tamarack Dr, Boise, ID 83703
For Sale
$1,200,000
Residential Income, Boise, ID
Property Size4,660 SF
Lot Size0.46 Acres
Price / SF$257.51
Days on Market198
Property Features for 3009 N Tamarack Dr
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
washer/dryer in unit
hardwood floors
large windows
private backyard
paved drive
gravel areas
individual garages
storage shed
private well
low-maintenance landscaping
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Eve-marie Bergren · License ID SP46122
(208) 972-1337
Added: May 1
Changed: Oct 24
Last Checked: Nov 14 at 12:06AM
MLS# 98984508
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,660-square-foot quadplex occupies a 0.46-acre lot and consists of two detached cottage residences plus a duplex. Built in 1962, the property has brick construction, engineered flooring, central air, natural-gas forced-air heat, and fireplaces. Each residence is separately metered and includes a washer and dryer. Duplex residences have private backyard areas, while three units include individual garages. Additional parking is provided by a paved driveway and gravel areas, with RV parking also available. An owner storage shed adds utility, and a private well serves the property. The asset is zoned R1-C, with the source information identifying potential for expansion or added density. The property is located near shopping, dining, parks, and the Boise Greenbelt.
Key Highlights
- 4,660 SF quadplex on a 0.46‑acre lot
- Two detached cottage units plus one duplex
- R1‑C zoning with potential for expansion or added density
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
Multi-tenant
Tenancy
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
$477,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Boise, ID
Properties on Market for Quadplexes in Boise
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines updated interiors with separate utility metering and in-unit laundry.
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 SF quadplex on a 0.46‑acre lot; Two detached cottage units plus one duplex; R1‑C zoning with potential for expansion or added density
