Listing Agency: exp Realty, LLC b***@bobbass.com Show Phone

Listed By: Marian Aurelio Show Phone

Source: Exprealty

Added: Mar 9 Changed: Oct 2 Last Checked: Oct 12 at 11:26PM

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Investment Insights

Based on property information with market context.

This quadplex contains four 2-bedroom, 2-bathroom residences within a 3,952-square-foot property. The units are separately metered, and residents pay their own water, gas, and electricity. Current leases are in place, while the owner covers trash and sewer service.

Located at 4794 N Fortune Ln in Boise, the property is positioned near shopping, dining, entertainment, golf courses, and schools, with downtown Boise a short distance away. The community is described as quiet and well maintained.

Key Highlights

• Four 2‑bed/2‑bath units
• 3,952‑square‑foot quadplex
• Separately metered units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,635

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,700 $952.7K

Cap Rate 7%

$680,500 $680.5K

Cap Rate 9%

$529,278 $529.3K

Market Conditions

NOI Build-Up for 3,952 SF

Gross rent

$68.8K $17.40/SF

− Vacancy

−$715 −$0.18/SF

EGI

$68.0K $17.22/SF

− OpEx

−$20.4K −$5.17/SF

NOI

$47.6K $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%

$952,700

Cap Rate 7%

$680,500

Cap Rate 9%

$529,278

Alternative Uses

Best Use

Multifamily LT 5

$680.5K

$595.4K – $793.9K (±1% cap)

NOI $47,635 @ 7.0% cap · market cap 5.18%

Second Best

Apartment 5plus

$593.4K

$519.2K – $692.3K (±1% cap)

NOI $41,536 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$1.09M

$955.0K – $1.27M (±1% cap)

NOI $76,400 @ 7.0% cap · market cap 8.30%

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

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Plumbing Service Electrical Service HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Locksmith

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

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

815

Businesses Nearby

Explore this area Business Placement

Demographics for 83714, ID

26,181

Population

11,672

Households

2.2

Avg Household Size

43

Median Age

45%

College-Educated

94%

High-School Grad

54.2 sq mi

ZIP Area

483

Density / Sq Mi

$86,114

Median Household Income

$43,867

Median Earnings

$1,384

Median Rent

$468,100

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

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Frequently Asked Questions

What type of property is this?

Quadplex - Multi-unit property with separately metered utilities and current leases in place.

Where is this quadplex located?

The property is located at 4794 N Fortune Ln Boise, ID.

What is the asking price?

The asking price for this property is $920,000.

What are key features of this property?

This property features: Four 2‑bed/2‑bath units; 3,952‑square‑foot quadplex; Separately metered units