Building Details

Year Built 1962

Listing Agency: Silvercreek Realty Group

Listed By: Lisa Rose · License #SP25480 Show Phone

Source: Scotreidrealty

Added: Aug 22 Changed: Oct 1 Last Checked: Oct 7 at 4:57PM

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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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,320

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$326,400 $326.4K

Cap Rate 7%

$233,143 $233.1K

Cap Rate 9%

$181,333 $181.3K

Market Conditions

NOI Build-Up for 1,354 SF

Gross rent

$23.6K $17.40/SF

− Vacancy

−$245 −$0.18/SF

EGI

$23.3K $17.22/SF

− OpEx

−$7.0K −$5.17/SF

NOI

$16.3K $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%

$326,400

Cap Rate 7%

$233,143

Cap Rate 9%

$181,333

Alternative Uses

Best Use

Multifamily LT 5

$233.1K

$204.0K – $272.0K (±1% cap)

NOI $16,320 @ 7.0% cap · market cap 3.71%

Second Best

Apartment 5plus

$203.3K

$177.9K – $237.2K (±1% cap)

NOI $14,231 @ 7.0% cap · market cap 3.23%

Theoretical Best

Office A

$373.9K

$327.2K – $436.3K (±1% cap)

NOI $26,176 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Electrical Service Storage Facility Computer & Electronic Repair HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

434

Businesses Nearby

Explore this area Business Placement

Demographics for 83705, ID

27,756

Population

13,228

Households

2.1

Avg Household Size

35

Median Age

38%

College-Educated

93%

High-School Grad

16.2 sq mi

ZIP Area

1,713

Density / Sq Mi

$62,605

Median Household Income

$37,283

Median Earnings

$1,166

Median Rent

$378,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this duplex located?

The property is located at 3902 3902/3904 W Lemhi St Boise, ID.

What is the asking price?

The asking price for this property is $440,000.