5-Unit Apartment
401 N 19th St, Boise, ID 83702
For Sale
New
$798,000
Residential Income, Boise, ID
Property Size2,907 SF
Lot Size0.15 Acres
Price / SF$274.51
Days on Market1
Property Features for 401 N 19th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Lysi Bishop · License ID SP20072
(208) 870-8292
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 99006359
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.
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Investment Insights
Based on property information with market context.
This 2,907-square-foot brick apartment property contains five residences, each with one bedroom and one bathroom. One home occupies the main level, with another on the lower level and three upstairs. The building dates to 1900 and includes a mix of baseboard and ductless heating, window or wall-unit and ductless cooling, and a fireplace. Stoves and ranges, refrigerators, and disposals are provided in all units.
The property sits on a 0.15-acre corner lot in Boise’s North End, with off-street parking and a shared yard. Downtown, Hyde Park, Camel’s Back, the river, Greenbelt, trails, parks, and shopping are identified among nearby destinations.
The property sits on a 0.15-acre corner lot in Boise’s North End, with off-street parking and a shared yard. Downtown, Hyde Park, Camel’s Back, the river, Greenbelt, trails, parks, and shopping are identified among nearby destinations.
Key Highlights
- Five 1‑bedroom, 1‑bath residences in a 2,907‑square‑foot building
- 0.15‑acre corner lot with off‑street parking and a shared yard
- Built in 1900; brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,553
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,060
$611.1K
Cap Rate 7%
$436,471
$436.5K
Cap Rate 9%
$339,478
$339.5K
Market Conditions
NOI Build-Up for 2,907 SF
Gross rent
$56.2K $19.32/SF
− Vacancy
−$612 −$0.21/SF
EGI
$55.6K $19.11/SF
− OpEx
−$25.0K −$8.60/SF
NOI
$30.6K $10.51/SF
Area
Ada County, ID
Vacancy
1.09%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,060
Cap Rate 7%
$436,471
Cap Rate 9%
$339,478
Alternative Uses
Best Use
Apartment 5plus
$436.5K
$381.9K – $509.2K
NOI $30,553 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.8K
$702.5K – $936.6K
NOI $56,198 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
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Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Boise, ID
Properties on Market for Apartment buildings in Boise
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom residences are distributed across the main, lower, and upper levels.
Where is this apartment building located?
The property is located at 401 N 19th St Boise, ID.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Five 1‑bedroom, 1‑bath residences in a 2,907‑square‑foot building; 0.15‑acre corner lot with off‑street parking and a shared yard; Built in 1900; brick construction
