Three-Unit Residential
New
For Sale
$600,000
Pending
4716 W Albion St, Boise, ID 83705
Three self-contained residences feature private entrances, individual yards, and separately metered electricity.
Property Size2,379 SF
Days on Market5
Property Features for 4716 W Albion St
General Information
Standard status
Pending
Size
2,379 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Central Bench
Building Details
Year Built
1961
Listed By:
Build Idaho Real Estate Team
(208) 974-5613
Source:
Buildidaho
Added: Oct 26
Last Checked: Oct 28 at 7:50AM
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 Build Idaho Real Estate Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 4716 W Albion St, this Boise triplex comprises three distinct residences, each with 2 bedrooms and 1 bathroom. Every unit has its own entrance, a one-car garage, front and rear yard space, and separately metered power. The homes offer single-level layouts and refinished hardwood flooring.
The end residence includes a storage shed and a larger side yard. The property is fully leased and is in Boise’s Central Bench area, with downtown, Boise State, the airport, shopping, and restaurants described as minutes away.
The end residence includes a storage shed and a larger side yard. The property is fully leased and is in Boise’s Central Bench area, with downtown, Boise State, the airport, shopping, and restaurants described as minutes away.
Key Highlights
- Three independent units, each with 2 bedrooms and 1 bathroom
- Each residence includes a private entrance, one‑car garage, front yard, and back yard
- Power is separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,675
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,500
$573.5K
Cap Rate 7%
$409,643
$409.6K
Cap Rate 9%
$318,611
$318.6K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$41.4K $17.40/SF
− Vacancy
−$431 −$0.18/SF
EGI
$41.0K $17.22/SF
− OpEx
−$12.3K −$5.17/SF
NOI
$28.7K $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%
$573,500
Cap Rate 7%
$409,643
Cap Rate 9%
$318,611
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.9K
NOI $28,675 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.7K
NOI $25,004 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$657.0K
$574.9K – $766.5K
NOI $45,991 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
997
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three self-contained residences feature private entrances, individual yards, and separately metered electricity.
Where is this triplex located?
The property is located at 4716 W Albion St Boise, ID.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three independent units, each with 2 bedrooms and 1 bathroom; Each residence includes a private entrance, one‑car garage, front yard, and back yard; Power is separately metered for each unit
