Triplex with Shared
New
For Sale
$665,000
510 W Hays St, Boise, ID 83702
Residential Income, Boise, ID
Property Size1,621 SF
Lot Size0.08 Acres
Price / SF$410.24
Days on Market2
Property Features for 510 W Hays St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
ZC-289
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking
3
Appliances
Disposal (All Units), Stove/Range (Some Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Subdivision
B C O T
Lot features
Small Lot 5999 S F, Bus on City Route, Sidewalks
Elementary school
Longfellow
Middle school
North Jr
High school
Boise
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
Hays between 5th and 6th
Standard status
Active
APN
R1013009090
Size
1,621 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 & VAC POR ST ADJ BLK 137 BCOT
Tax Annual Amount
5286
Legal Description
Lot 2 & VAC POR ST ADJ BLK 137 BCOT
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless, Zoned
Amenities
shared laundry room
Building Details
Year built
1900
Number of units
3
Flooring type
Engineered
Building materials
Frame, Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
Anthology
(208) 297-5162
Listed By:
Jessica Luque · License #SP45952
(208) 861-6221
Added: Oct 30
Last Checked: Oct 31 at 11:06PM
MLS# 99005173
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 1,621-square-foot triplex on a 0.08-acre parcel contains two larger apartments and a smaller rear unit. The two larger units underwent renovations in 2016, including kitchen and bathroom updates, new windows, improved insulation, LVP flooring, a replacement roof, and ductless heating and cooling. A shared laundry room is on the main floor, and each unit has a double-deep parking space behind the building. Constructed in 1900, the property has frame construction with wood siding and a composition roof.
The property is at 510 W Hays St in Boise, near downtown, shops, parks, schools, and St. Luke's Hospital.
The property is at 510 W Hays St in Boise, near downtown, shops, parks, schools, and St. Luke's Hospital.
Key Highlights
- Three‑unit property with 1,621 square feet on 0.08 acres
- Two larger apartments renovated in 2016
- Ductless heating and cooling, updated windows, and enhanced insulation in the renovated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,538
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,760
$390.8K
Cap Rate 7%
$279,114
$279.1K
Cap Rate 9%
$217,089
$217.1K
Market Conditions
NOI Build-Up for 1,621 SF
Gross rent
$28.2K $17.40/SF
− Vacancy
−$293 −$0.18/SF
EGI
$27.9K $17.22/SF
− OpEx
−$8.4K −$5.17/SF
NOI
$19.5K $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%
$390,760
Cap Rate 7%
$279,114
Cap Rate 9%
$217,089
Alternative Uses
Best Use
Multifamily LT 5
$279.1K
$244.2K – $325.6K
NOI $19,538 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$447.7K
$391.7K – $522.3K
NOI $31,337 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,195
Businesses Nearby
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Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
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 - Two of the apartments received substantial interior and building-system updates, and residents have access to a common laundry room.
Where is this triplex located?
The property is located at 510 W Hays St Boise, ID.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three‑unit property with 1,621 square feet on 0.08 acres; Two larger apartments renovated in 2016; Ductless heating and cooling, updated windows, and enhanced insulation in the renovated units
