Tenant-Occupied
3424 N Clay St., Garden City, ID 83714
For Sale
New
$775,000
The property includes a two-bedroom residence and two one-bedroom residences, each with a private yard.
Property Size2,117 SF
Price / SF$366.08
Days on Market3
Property Features for 3424 N Clay St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
RE/MAX Executives
(208) 466-0002
Listed By:
Monica Coronado · License ID SP34308
(208) 890-7179
Source:
Idahofarmandhome
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 9:39PM
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 RE/MAX Executives
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Investment Insights
Based on property information with market context.
This 2,117-square-foot triplex, built in 1969, is occupied by tenants. Its three-unit mix consists of one 2-bedroom/2-bath residence and two 1-bedroom/1-bath residences. Each unit has its own yard, and open parking is available on site.
The property is zoned C-2 Mixed-Use Commercial and is located in Garden City. Nearby destinations identified include the Boise River, the Greenbelt, recreation, dining, breweries, wineries, and the Live-Work-Create district.
The property is zoned C-2 Mixed-Use Commercial and is located in Garden City. Nearby destinations identified include the Boise River, the Greenbelt, recreation, dining, breweries, wineries, and the Live-Work-Create district.
Key Highlights
- Three units: one 2‑bedroom/2‑bath residence and two 1‑bedroom/1‑bath residences
- 2,117 square feet; built in 1969
- Each residence has its own yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,517
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,340
$510.3K
Cap Rate 7%
$364,529
$364.5K
Cap Rate 9%
$283,522
$283.5K
Market Conditions
NOI Build-Up for 2,117 SF
Gross rent
$36.8K $17.40/SF
− Vacancy
−$383 −$0.18/SF
EGI
$36.5K $17.22/SF
− OpEx
−$10.9K −$5.17/SF
NOI
$25.5K $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%
$510,340
Cap Rate 7%
$364,529
Cap Rate 9%
$283,522
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,517 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$317.9K
$278.1K – $370.8K
NOI $22,250 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$584.7K
$511.6K – $682.1K
NOI $40,926 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
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Business Placement
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Ada County, ID
Properties on Market for Triplexes in Ada County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The property includes a two-bedroom residence and two one-bedroom residences, each with a private yard.
Where is this triplex located?
The property is located at 3424 N Clay St. Garden City, ID.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three units: one 2‑bedroom/2‑bath residence and two 1‑bedroom/1‑bath residences; 2,117 square feet; built in 1969; Each residence has its own yard
