355 & 359 Highway 55, Horseshoe Bend, ID 83629
MULTI_FAMILY - Horseshoe Bend, ID
- Added:
- May 15, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 355 & 359 Highway 55
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3
- Parking
- 10
- Parking features
- RV, Carport
- Standard status
- Active
- APN
- RPH0003001009A and RPH0003001008A
- Size
- 2,200 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See Exhibit A
- Tax Annual Amount
- 2177
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating), Oil
- Cooling system
- Central Air, Evaporative Cooling
- Water source
- Well
Building Details
- Year built
- 1971
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition, Metal
Listing agent Steve Thiessen License #AB41683 (208) 598-5032
Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID (208) 377-0422
Listing date May 15, 2026
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
- Two homes on two parcels totaling 1 acre, with 360 ft of Hwy 55 frontage and mountain views.
- 355 Hwy 55: 672 SF stick‑built home with 2 bedrooms and 1 bathroom.
- 359 Hwy 55: 1,288 SF mobile home on a foundation.
- 2‑car garage plus carport, with RV parking, on a 0.66‑acre parcel.
- Pressurized irrigation supplied via a shared well; water source is a well.
- Septic tank sewer; metal and composition roofing; central air with evaporative cooling; propane and oil heating; frame construction.
Overview
The property offers 360 feet of Highway 55 frontage and open views of the mountains. It is located near outdoor recreation opportunities connected to the Payette River, the Treasure Valley, Boise County, and Valley County.
The two-home setup can suit an owner-occupant who wants rental income alongside their residence, or an investor seeking a small, manageable residential income configuration. Utilities and irrigation are supported by pressurized irrigation provided through a shared well, which is an important operating consideration for long-term usability of both homes. The separate addresses and parcel arrangement provide flexibility for different ownership and occupancy approaches.
Local Financial Insights For Apartment 5plus
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 | $41.7k | $18.96 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $39.4k | $17.92 |
| − OpEx | −$17.7k | −$8.06 |
| NOI | $21.7k | $9.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Horseshoe Bend
- County
- Boise
- State
- Idaho
- Longitude
- -116.2030378
- Latitude
- 43.90072893
