3695-3703 W Morris Hill Road Boise, ID 83706
MULTI_FAMILY - Boise, ID
Property Features for 3695-3703 W Morris Hill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bathroom 1, Bedroom 16, Bedroom 15, Bedroom 4, Bathroom 8, Bedroom 11, Bedroom 10, Bathroom 6, Bathroom 2, Bedroom 14, Bedroom 8, Bedroom 12, Bedroom 1, Bedroom 5, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 6, Bathroom 7, Bedroom 2, Bedroom 13, Bathroom 4
- Parking
- 20
- Parking features
- Driveway, Carport
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Standard status
- Active
- APN
- R5042770010, R5042770020, R5042770070, R5042770080
- Size
- 12,480 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lots 1, 2, 5, and 6 in Block 1 of Kristina Terrace, according to the plat thereof, filed in Book 55 of Plats at Page(s) 5027-5028, records of Ada County, Idaho
- Tax Annual Amount
- 28937
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Number of units
- 16
- Flooring type
- Vinyl
- Building materials
- Brick, Frame, Wood Siding
- Roof type
- Composition
Listing agent Bob Van Allen License #DB27351 (208) 863-4856
Listing office Coldwell Banker Tomlinson 2512 W Navigator Dr, Suite 100, Meridian, ID (208) 336-3393
Listing date Jul 2, 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.
Investment Insights
Based on property information with market context.
The property is located minutes from downtown Boise and BSU, with access to Ann Morrison Park and Kathryn Albertson Park. The listing also notes convenient freeway access and proximity to large local area employers.
Recent exterior and mechanical updates include replaced front stairs and landings at all buildings within the last five years, exterior paint at multiple addresses between 2015 and 2022, and fascia and gutters at 3701 W Morris Hill Road in 2024. Several unit upgrades were completed in 2024–2025, including new HVAC for units #10, #11, and #12, and new water heaters for units #6, #10, and #14. At turnover, the operator generally replaces carpet/flooring as needed, refreshes interior paint, and evaluates appliances, supporting ongoing residential income use for a buyer or owner-operator seeking a manageable multi-building setup.
Key Highlights
- Morris Hill Apartments features 4 individually parceled fourplex buildings with 16 total units (2 units main level and 2 units upstairs per building).
- Each unit offers 780 SF with 2 bedrooms, 1 full bathroom, living room, kitchen, dining room, washer/dryer hookups/closet, and a patio/deck.
- Units include covered parking plus exterior storage closet; parking features include carport and driveway.
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 | $241.1k | $19.32 |
| − Vacancy | −$2.6k | −$0.21 |
| EGI | $238.5k | $19.11 |
| − OpEx | −$107.3k | −$8.60 |
| NOI | $131.2k | $10.51 |
