Two-Unit Duplex with
For Sale
$719,900
4507 4507/4509 W Forsythia Dr, Boise, ID 83703
Each residence offers two bedrooms, private laundry, a patio, fencing, and off-street parking.
Property Size2,200 SF
Lot Size0.33 Acres
Price / SF$327.23
Days on Market76
Property Features for 4507 4507/4509 W Forsythia Dr
General Information
Standard status
Active
Size
2,200 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
fully fenced
small patios
off-street parking
RV storage
one-car garage
Building Details
Year Built
1973
Listing Agency:
Silvercreek Realty Group
Listed By:
Rodney Mcconnell · License #SP42006
(208) 377-0422
Source:
Noplacelikeidaho
Added: Aug 4
Changed: Oct 15
Last Checked: Oct 7 at 3:48PM
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
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 1973, contains two residences with matching layouts that include two bedrooms, one bathroom, living and dining areas, and in-unit laundry. Each side has a one-car garage, a small patio, a fully fenced yard, off-street parking, and RV storage. HVAC systems serving 4507 and 4509 were replaced or updated at different times, approximately seven years ago and two years ago, respectively.
The property occupies 1/3 acre in a quiet residential neighborhood in Boise, Idaho. Shopping, dining, schools, and downtown Boise are described as minutes away. The configuration supports separate residential occupancy across both units, with dedicated outdoor areas and parking for each side.
The property occupies 1/3 acre in a quiet residential neighborhood in Boise, Idaho. Shopping, dining, schools, and downtown Boise are described as minutes away. The configuration supports separate residential occupancy across both units, with dedicated outdoor areas and parking for each side.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,200‑square‑foot duplex on a 1/3‑acre property
- One‑car garage, small patio, fenced yard, off‑street parking, and RV storage for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,517
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,340
$530.3K
Cap Rate 7%
$378,814
$378.8K
Cap Rate 9%
$294,633
$294.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$398 −$0.18/SF
EGI
$37.9K $17.22/SF
− OpEx
−$11.4K −$5.17/SF
NOI
$26.5K $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%
$530,340
Cap Rate 7%
$378,814
Cap Rate 9%
$294,633
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.5K – $442.0K
NOI $26,517 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$607.6K
$531.6K – $708.8K
NOI $42,530 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, private laundry, a patio, fencing, and off-street parking.
Where is this duplex located?
The property is located at 4507 4507/4509 W Forsythia Dr Boise, ID.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,200‑square‑foot duplex on a 1/3‑acre property; One‑car garage, small patio, fenced yard, off‑street parking, and RV storage for each side
