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Lock-and-Leave Single-Family Rental

5233 W Morris Hill Rd Boise, ID 83705

5233 W Morris Hill Rd, Boise, ID, 83705
$425,000
For Sale
$425,000

MULTI_FAMILY - Boise, ID

Property Size1,513 SF
Price / SF$280.90
Days on Market66

Property Features for 5233 W Morris Hill Rd

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1
Parking
4
Parking features
Driveway
Fireplace
1
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Standard status
Active
APN
R9243010150
Size
1,513 SF

Taxes and HOA fees

Tax Year
2025
Tax Description
See exhibit A
Tax Annual Amount
3511

Utilities

Heating system
Fireplace(s), Forced Air, Natural Gas
Cooling system
Central Air

Building Details

Year built
2007
Number of units
1
Building materials
Stucco, Stone, HardiPlank Type
Roof type
Composition
Listing Agency Keller Williams Realty Boise
1065 S Allante, Boise, ID
Listed by Jenna King · License #SP39133
Added: May 14 Checked: Jul 18 at 5:06 pm
MLS# 98986206 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 lock-and-leave single-family rental home is offered as a turnkey package, with included stainless steel appliances and move-in-ready convenience. The interior is designed for comfortable day-to-day living, featuring high ceilings and a corner gas fireplace in the main living area. The home includes three bedrooms with separation for privacy, and the primary suite offers a walk-in closet, dual vanities, and a tub/shower combination. Laundry is located upstairs and comes with a washer and dryer included. Outside, there is an oversized, fully fenced patio that extends the living space outdoors.

The property is located at 5233 W Morris Hill Rd in Boise, Idaho, in the Bench area. It includes an attached two-car garage and two additional off-street parking spaces in the driveway.

For tenants or buyers, the combination of included appliances, enclosed outdoor space, and practical parking supports an easy transition and straightforward occupancy. The layout also provides privacy-friendly bedroom separation, while the upstairs laundry reduces the need to manage additional offsite arrangements.

Key Highlights

  • Built in 2007 with stucco/stone/HardiPlank exterior and a composition roof
  • Corner gas fireplace plus forced‑air natural gas heating and central air conditioning
  • Kitchen includes knotty alder cabinetry and stainless steel appliances; appliances included

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 $29.2k $19.32
− Vacancy −$319 −$0.21
EGI $28.9k $19.11
− OpEx −$13.0k −$8.60
NOI $15.9k $10.51
1,513 SF · lease $19.32/SF/yr · vacancy 1.09% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$227.2K
$198.8K – $265.0K (±1% cap)
NOI $15,902 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.8K
$365.6K – $487.5K (±1% cap)
NOI $29,249 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Catering Service (Bike/Boat/Book/etc) Store Florist Travel Agency (Bike/Boat/Book/etc) Store Wine and Liquor Store Locksmith Parking Lot & Garage (Bike/Boat/Book/etc) Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Single family property - Turnkey Boise rental home with included appliances, attached garage, and fenced outdoor patio space.
Where is this single family property located?
The property is located at 5233 W Morris Hill Rd Boise, ID.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Built in 2007 with stucco/stone/HardiPlank exterior and a composition roof; Corner gas fireplace plus forced‑air natural gas heating and central air conditioning; Kitchen includes knotty alder cabinetry and stainless steel appliances; appliances included
Contact an agent
More about this property
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