Occupied Duplex with Separate
For Sale
$549,000
3610 W Moore St, Boise, ID 83703
Two-unit property with current occupancy and professional property management in place.
Property Size2,140 SF
Price / SF$256.54
Days on Market43
Property Features for 3610 W Moore St
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Silvercreek Realty Group
(208) 891-2753
Listed By:
Sashi Tatsumi · License #SP49704
Source:
208doors
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 30 at 6:48PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This 2,140-square-foot duplex, built in 1950, includes two residential units that are currently occupied. The property has been maintained through a property management company, and the existing tenancy includes leases extending into 2026 and 2027. Unit 3610 W Moore St is leased through 10/31/2026, while 3612 W Moore St is leased through 5/31/2027.
The duplex is located at 3610 W Moore St in Boise, Idaho, near the Boise River, Veterans Park, Ester Simplot Park, and Downtown Boise. Showings are available with an accepted offer, and tenants are not to be disturbed. No sign is located at the property.
The duplex is located at 3610 W Moore St in Boise, Idaho, near the Boise River, Veterans Park, Ester Simplot Park, and Downtown Boise. Showings are available with an accepted offer, and tenants are not to be disturbed. No sign is located at the property.
Key Highlights
- 2,140 SF duplex built in 1950
- Both residential units currently occupied
- Property maintained by a management company
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,880
$515.9K
Cap Rate 7%
$368,486
$368.5K
Cap Rate 9%
$286,600
$286.6K
Market Conditions
NOI Build-Up for 2,140 SF
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.
Gross rent
$37.2K $17.40/SF
− Vacancy
−$387 −$0.18/SF
EGI
$36.8K $17.22/SF
− OpEx
−$11.1K −$5.17/SF
NOI
$25.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,880
Cap Rate 7%
$368,486
Cap Rate 9%
$286,600
Alternative Uses
Best Use
Multifamily LT 5
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$321.3K
$281.2K – $374.9K
NOI $22,492 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$591.0K
$517.1K – $689.5K
NOI $41,370 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with current occupancy and professional property management in place.
Where is this duplex located?
The property is located at 3610 W Moore St Boise, ID.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,140 SF duplex built in 1950; Both residential units currently occupied; Property maintained by a management company
