Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Boise Condo Investment Title is generated by Realmo AI

    323 Jefferson St Unit 205, Boise, ID 83702

    View on Map
    Claim this Listing
    For Sale
    $503,000

    MULTI_FAMILY - Boise, ID

    Property size:
    643 SF
    Price / SF:
    $782/SF
    Added:
    Apr 2, 2026
    Days on Market:
    52
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 323 Jefferson St Unit 205

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Bathroom 1
    Parking
    1
    Interior features
    Walk In Shower
    Accessibility
    Accessible Elevator Installed
    Appliances
    Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
    Standard status
    Active
    APN
    R7958770090
    Size
    643 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 205 SIX STORY CONDO
    Tax Annual Amount
    3761

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2009
    Number of units
    1
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Brianna Wardle

    Listing agent Brianna Wardle License #SP49708

    Listing office Boise Premier Real Estate 13827 W Meadowdale Street, Meridian, ID

    Listing date Apr 2, 2026

    MLS# 98980368 Listing URL

    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.

    HighLights

    • Tenant in place through March 2027 at $1,750/month, providing immediate rental income.
    • Prime downtown Boise location near dining, entertainment, Boise Centre, and the Greenbelt.
    • Updated condo with new flooring, refreshed stainless steel kitchen appliances, and an updated toilet.
    • Open‑concept layout with granite countertops, pendant lighting, and a private balcony with park views.
    • Secure building with key fob access and a welcoming lobby with a fireplace.
    • Includes washer/dryer, refrigerator, stove/range, and disposal.

    Overview

    Located in downtown Boise, this investment opportunity is situated within the Jefferson Building, a condominium community. The unit features one bedroom and one bathroom, and it is currently occupied by a tenant with a lease extending through March 2027 at a rate of $1,750 per month. The 643-square-foot condo has been updated with new flooring, refreshed stainless steel kitchen appliances, and an updated toilet. The open-concept layout includes a kitchen with cabinetry, granite countertops, and pendant lighting, which flows into the living area and a private balcony that overlooks park views. The Jefferson Building provides secure key fob access, a lobby with a fireplace, and individual mailboxes. Its downtown location offers proximity to dining, entertainment, Boise Centre, and the Greenbelt. The unit benefits from natural light and building amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Jefferson Boise Condominium Complex

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.196404
    Latitude
    43.615268

    Nearby Similar for Sale

    • $899,900
      2,729 SF

      Foothills Multifamily Property with History

      Unique Boise property near downtown, Hyde Park, and the North End.
      4480 N Kitsap Way, Boise, ID 83703
      View Details
    • $699,000
      1,920 SF

      Boise Multifamily Investment Opportunity

      Two-unit property with strong income potential and built-in tenants.
      625 & 627 E Pennsylvania St, Boise, ID 83706-4431
      View Details
    • $775,000
      3,610 SF

      Updated Duplex in Boise, ID

      Two homes on one property, flexible use for rental or occupancy.
      1159 E Wright St, Boise, ID 83706
      View Details
    • $598,400
      2,584 SF

      Bench Neighborhood Triplex Investment Property

      Rare triplex in Boise's Bench neighborhood, fully leased.
      4409 W Franklin Rd, Boise, ID 83705-1337
      View Details
    • $598,400
      2,584 SF

      Boise Triplex in Bench Neighborhood

      Fully leased triplex in Boise's vibrant Bench neighborhood.
      4409 W Franklin Rd, Boise, ID 83705-1337
      View Details
    • $775,000
      1,943 SF

      Updated Triplex with Fenced Yards

      Fully furnished triplex with updates, yards, and appliance package.
      1629 S Shoshone Street, Boise, ID 83705
      View Details
    • $899,000
      4,464 SF

      Boise Multifamily with Shop

      Fourplex with shop offers excellent income potential in Boise.
      393-399 S White Cloud Dr, Boise, ID 83709
      View Details
    • $505,000
      1,440 SF

      Boise Duplex with System Upgrades

      Well-maintained Boise duplex with extensive upgrades and private yards.
      1906 - 1908 N Allumbaugh St, Boise, ID 83704
      View Details
    • $935,000
      3,920 SF

      Boise Multifamily Property Near University

      Well-maintained Boise multifamily property near Boise State University.
      2541 W Malad St, Boise, ID 83705
      View Details
    • $859,900
      2,342 SF

      North End Multifamily Property

      Charming North End property with ADU, close to downtown.
      2208 W State Street, Boise, ID 83702
      View Details
    • $719,900
      2,200 SF

      West Boise Duplex Opportunity

      Well-maintained duplex in desirable Boise location with rental history.
      4507/4509 W Forsythia Drive, Boise, ID 83703
      View Details
    • $1,700,000
      9,424 SF

      South Boise Multifamily Investment Opportunity

      Well-maintained 8-unit building with strong returns in South Boise.
      9212 W Brogan Dr A & B, Boise, ID 83709
      View Details

    FAQs

    What type of property is this?
    Single family property - Updated condo with tenant in place until March 2027.
    Where is this single family property located?
    The property is located at 323 Jefferson St Unit 205 Boise, ID.
    What is the asking price?
    The asking price for this property is $503,000.
    What are key features of this property?
    This property features: Tenant in place through March 2027 at $1,750/month, providing immediate rental income.; Prime downtown Boise location near dining, entertainment, Boise Centre, and the Greenbelt.; Updated condo with new flooring, refreshed stainless steel kitchen appliances, and an updated toilet.
    (208) 830-4847
    We can help!
    Listing Contact
    Brianna Wardle
    Real Estate License ID: SP49708
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    323 Jefferson St Unit 205, Boise, ID 83702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!