Duplex With Separate Living
New
For Sale
$995,000
3795 N 33rd St, Boise, ID 83703
Residential Income, Boise, ID
Property Size3,256 SF
Lot Size0.36 Acres
Price / SF$305.59
Days on Market3
Property Features for 3795 N 33rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1C
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Parking
4
Interior features
Walk In Shower
Fireplace
1
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Scenic Cove Sub
Lot features
Standard Lot 6000-9999 S F, Garden, Sidewalks
Elementary school
Collister
Middle school
Hillside
High school
Boise
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
From 36th & Hill Rd, E on Hill, N on 33rd to property at corner of Scenic & 33rd, *Lockbox on home*
Standard status
Active
APN
R7724000020
Size
3,256 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 5 Blk 1 Scenic Cove Sub
Tax Annual Amount
5507
Legal Description
Lot 5 Blk 1 Scenic Cove Sub
Utilities
Heating system
Hot Water(Heating), Radiant, Electric (Heating), Ductless (Heating), Fireplace(s)
Cooling system
Central Air
Amenities
pool
built-in BBQ
covered outdoor living
low-maintenance yard
30-amp RV hookup
shared laundry
Building Details
Year built
1965
Number of units
2
Flooring type
Laminate, Engineered, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Fathom Realty
(208) 576-4717
Listed By:
Misty Rose · License #28445
(208) 867-6245
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 8:06PM
MLS# 98997970
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 3,256-square-foot brick duplex on a 0.3581-acre parcel is arranged around two distinct living areas. The lower area includes a kitchen, bedroom, family or recreation room, two full bathrooms, walk-in closet, exterior access, and patio connection. The main level provides another kitchen, multiple living spaces, two bedrooms, flexible bonus space, and a private-entry office. A separately accessible shared laundry area serves the property.
Improvements include a new main sewer line, 2026 AC, and a roof, boiler, solar system, updated windows, and radiant floor and ceiling heat installed in 2018. Exterior features include a pool, built-in BBQ, covered outdoor living area, low-maintenance yard, and 30-amp RV hookup. The lower level has locking interior separation and an exterior entry reached by west-side stairs. Built in 1965, the property is located at 3795 N 33rd St in Boise.
Improvements include a new main sewer line, 2026 AC, and a roof, boiler, solar system, updated windows, and radiant floor and ceiling heat installed in 2018. Exterior features include a pool, built-in BBQ, covered outdoor living area, low-maintenance yard, and 30-amp RV hookup. The lower level has locking interior separation and an exterior entry reached by west-side stairs. Built in 1965, the property is located at 3795 N 33rd St in Boise.
Key Highlights
- 3,256‑square‑foot duplex on a 0.3581‑acre lot
- Two distinct living areas with lower‑level locking separation
- Lower area includes private exterior entry, kitchen, bedroom, family or recreation room, and 2 full baths
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
$39,246
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
3.94%
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%
$784,920
$784.9K
Cap Rate 7%
$560,657
$560.7K
Cap Rate 9%
$436,067
$436.1K
Market Conditions
NOI Build-Up for 3,256 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
$56.7K $17.40/SF
− Vacancy
−$589 −$0.18/SF
EGI
$56.1K $17.22/SF
− OpEx
−$16.8K −$5.17/SF
NOI
$39.2K $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%
$784,920
Cap Rate 7%
$560,657
Cap Rate 9%
$436,067
Alternative Uses
Best Use
Multifamily LT 5
$560.7K
$490.6K – $654.1K
NOI $39,246 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$488.9K
$427.8K – $570.4K
NOI $34,221 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$899.2K
$786.8K – $1.05M
NOI $62,945 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
187
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick property offers private entrances, shared laundry, and substantial outdoor amenities.
Where is this duplex located?
The property is located at 3795 N 33rd St Boise, ID.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,256‑square‑foot duplex on a 0.3581‑acre lot; Two distinct living areas with lower‑level locking separation; Lower area includes private exterior entry, kitchen, bedroom, family or recreation room, and 2 full baths
