Townhouse-Style Multifamily
4800 W Richardson Street Boise, ID 83705
4800 W Richardson Street, Boise, ID, 83705
$2,700,000
Pending
For Sale
$2,700,000
Pending
MULTI_FAMILY - Boise, ID
Property Size13,254 SF
Lot Size0.40 Acres
Days on Market46
Property Features for 4800 W Richardson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 24
- Bathrooms
- 16
- Rooms
- Bathroom 10, Bathroom 12, Bedroom 3, Bedroom 11, Bedroom 20, Bedroom 5, Bedroom 7, Bedroom 15, Bathroom 2, Bedroom 16, Bathroom 15, Bedroom 10, Bathroom 3, Bedroom 18, Bathroom 16, Bedroom 2, Bedroom 9, Bedroom 22, Bathroom 9, Bathroom 8, Bedroom 4, Bathroom 1, Bedroom 17, Bedroom 13, Bedroom 14, Bedroom 12, Bedroom 19, Bedroom 24, Bathroom 14, Bathroom 6, Bedroom 8, Bedroom 1, Bathroom 13, Bedroom 23, Bathroom 7, Bedroom 21, Bathroom 11, Bedroom 6, Bathroom 4, Bathroom 5
- Parking
- 24
- Parking features
- Carport
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Standard status
- Pending
- APN
- R5422000060
- Size
- 13,254 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1 BLK 1 MACK SUB & LOT 4 BLK 1 MACK SUB & LOT 5 BLK 1 MACK SUB
- Tax Annual Amount
- 23033
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Number of units
- 12
- Building materials
- Frame, Metal Siding, Vinyl Siding
- Roof type
- Composition
Listing Agency
Amherst Madison
(208) 391-2391
592 N Benjamin Ln, Boise, ID
Listed by
Matt Bauscher · License #SP40991
(208) 330-8515
Added: Jun 3 Checked: Jul 18 at 6:06 pm
MLS# 98988748
Listing URL
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.
Investment Insights
Based on property information with market context.
This townhouse-style multifamily portfolio includes 12 total units arranged as three separate parcels, each containing 4-plex townhouses. The property totals 36 bedrooms and features private backyards along with storage on site. Updates include refreshed kitchens and bathrooms, along with improvements such as updated flooring, paint, doors, and fixtures.
The community is located in Boise’s Bench area, with addresses listed at 4800, 4806, and 4812 W Richardson Street. The setup also includes additional parcels for common areas. Reported benefits include consistent occupancy with low vacancy, and the absence of HOA dues.
For investors, the structure offers flexibility, including the ability to sell off the individual 4-plex buildings while retaining the common-area parcels as part of the overall community. The existing renovation scope and current rental history may support buyers seeking a turnkey income property with a long-term hold strategy.
The community is located in Boise’s Bench area, with addresses listed at 4800, 4806, and 4812 W Richardson Street. The setup also includes additional parcels for common areas. Reported benefits include consistent occupancy with low vacancy, and the absence of HOA dues.
For investors, the structure offers flexibility, including the ability to sell off the individual 4-plex buildings while retaining the common-area parcels as part of the overall community. The existing renovation scope and current rental history may support buyers seeking a turnkey income property with a long-term hold strategy.
Key Highlights
- 12 total units: three separate parcels with 4‑plex townhouses (4800, 4806 & 4812 W Richardson)
- No HOA dues; includes 3 additional parcels that make up the common areas
- Significant renovations reported: updated kitchens, bathrooms, flooring, paint, doors, and fixtures
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $256.1k | $19.32 |
| − Vacancy | −$2.8k | −$0.21 |
| EGI | $253.3k | $19.11 |
| − OpEx | −$114.0k | −$8.60 |
| NOI | $139.3k | $10.51 |
13,254 SF · lease $19.32/SF/yr · vacancy 1.09% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,302 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,226 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Well-maintained 4-plex townhouse-style units with private yards and on-site storage for stable rental income.
Where is this apartment building located?
The property is located at 4800 W Richardson Street Boise, ID.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 12 total units: three separate parcels with 4‑plex townhouses (4800, 4806 & 4812 W Richardson); No HOA dues; includes 3 additional parcels that make up the common areas; Significant renovations reported: updated kitchens, bathrooms, flooring, paint, doors, and fixtures
