Fourplex Residential Income
33 S Mike St Boise, ID 83706
33 S Mike St, Boise, ID, 83706
$1,025,000
For Sale
$1,025,000
MULTI_FAMILY - Boise, ID
Property Size3,656 SF
Lot Size0.11 Acres
Price / SF$280.36
Days on Market307
Property Features for 33 S Mike St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 4, Bathroom 7, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 5, Bathroom 8, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 6
- Standard status
- Active
- APN
- R7334010108
- Size
- 3,656 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT:8,9 BLK:2 SUBD:RANDALL 02ND ADD SEC/TWN/RNG/MER:SEC 16 TWN 03N RNG 02E LOT 8 EXC N 21.5 LOT 9 EXC S 15.5 BLK 2 RANDALL 2ND ADD #0106-S
- Tax Annual Amount
- 6937
Utilities
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1989
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
Century 21 Price Right
(208) 799-2100
920 Main St., Lewiston, ID
Listed by
Chance Weil · License #SP42685
(208) 559-5215
Added: Sep 13, 2025 Checked: Jul 16 at 7:06 pm
MLS# 98961609
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.
Investment Insights
Based on property information with market context.
This fourplex offers four separate residential units on a compact lot, positioned as a multifamily option for investors or a buyer looking to offset living expenses with rental income. The property totals 3,656 square feet, providing a straightforward configuration for a rental-focused ownership strategy.
Located in the Boise Bench area, the address is 33 S Mike St in Boise, Idaho. The seller remarks note convenient proximity to downtown Boise, the airport, and surrounding shopping and convenience, along with access to nearby hiking trails.
From a tenant or operator standpoint, a four-unit layout can support flexible occupancy planning, whether the goal is to place all units on lease or occupy one unit while renting the others. Buyers considering a residential income property will also appreciate the clear focus on a manageable, four-tenant structure within the Boise metro area.
Located in the Boise Bench area, the address is 33 S Mike St in Boise, Idaho. The seller remarks note convenient proximity to downtown Boise, the airport, and surrounding shopping and convenience, along with access to nearby hiking trails.
From a tenant or operator standpoint, a four-unit layout can support flexible occupancy planning, whether the goal is to place all units on lease or occupy one unit while renting the others. Buyers considering a residential income property will also appreciate the clear focus on a manageable, four-tenant structure within the Boise metro area.
Key Highlights
- Four‑plex with frame construction and a composition roof
- Built in 1989
- Laminate flooring throughout
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 | $63.6k | $17.40 |
| − Vacancy | −$662 | −$0.18 |
| EGI | $63.0k | $17.22 |
| − OpEx | −$18.9k | −$5.17 |
| NOI | $44.1k | $12.05 |
3,656 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$629.5K
$550.8K – $734.5K
NOI $44,067 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$548.9K
$480.3K – $640.4K
NOI $38,425 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.01M
$883.5K – $1.18M
NOI $70,678 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-unit residential property suited for investors seeking multiple rental streams or owner-occupancy with paid housing.
Where is this quadplex located?
The property is located at 33 S Mike St Boise, ID.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four‑plex with frame construction and a composition roof; Built in 1989; Laminate flooring throughout
