3-Unit Triplex with
New
For Sale
$600,000
Pending
4716 W Albion St, Boise, ID 83705
Residential Income, Boise, ID
Property Size2,379 SF
Lot Size0.22 Acres
Days on Market7
Property Features for 4716 W Albion St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-1C
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 6
Parking
1
Parking features
Driveway
Appliances
Stove/Range (All Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F, Bus on City Route, Sidewalks
Elementary school
Hillcrest
Middle school
South Boise Jr
High school
Borah
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
From I-84: Exit 52 - Orchard St. North on Orchard St. Left on Albion St. Continue to 4716 W Albion St.
Standard status
Pending
APN
R7780511940
Size
2,379 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
S 70' Of W 140' Of Lot 2 Blk 6 Scotts 4Th Sub #9248039 #97034243
Tax Annual Amount
5769
Legal Description
S 70' Of W 140' Of Lot 2 Blk 6 Scotts 4Th Sub #9248039 #97034243
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1961
Number of units
3
Flooring type
Vinyl
Building materials
Brick, Frame, Wood Siding
Roof type
Composition
Listing Agency:
Cindy Poulsen Real Estate, LLC
Listed By:
Cindy Poulsen · License #DB37125
(208) 608-2346
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 30 at 1:06AM
MLS# 99004597
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 2,379-square-foot triplex contains three distinct residences, each with two bedrooms, one bathroom, a private entrance, and a one-car garage. The units have single-level layouts and hardwood floors. Each also has front and rear yard space, and electricity is metered separately. An end unit includes a storage shed and a larger side yard. The property was built in 1961 and occupies a 0.22-acre lot.
The three units are currently leased. Located at 4716 W Albion St in Boise, the property also includes addresses 4718 and 4720 W Albion St.
The three units are currently leased. Located at 4716 W Albion St in Boise, the property also includes addresses 4718 and 4720 W Albion St.
Key Highlights
- Three separate 2‑bedroom, 1‑bath units; currently leased
- 2,379 square feet on a 0.22‑acre lot
- Each unit has a private entrance, one‑car garage, and separately metered power
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
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Private entrances and separately metered electricity distinguish each residence.
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 separate 2‑bedroom, 1‑bath units; currently leased; 2,379 square feet on a 0.22‑acre lot; Each unit has a private entrance, one‑car garage, and separately metered power
