Single-Level Duplex with Two-Bedroom
For Sale
$825,000
5619 W Gage, Boise, ID 83706
Single-story duplex with flexible unit layouts, tiled bathrooms, parking, and convenient freeway access.
Property Size2,699 SF
Price / SF$305.67
Days on Market8
Property Features for 5619 W Gage
General Information
Standard status
Active
Size
2,699 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Lot Features: Standard Lot 6000-9999 SF, Lot Size Dimensions: 111x75, Lot Size Units: Acres
Fencing: Partial
Tax Annual Amount: 6598, Tax Legal Description: Lot 19 Blk 1 Marcus Baker Sub, Tax Year: 2025
Garage Spaces: 3, Covered Spaces: 3, Garage YN: t
Gross Scheduled Income: 4100
Cooling: Central Air, Cooling YN: t
Heating: Forced Air, Natural Gas, Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98996405, Listing Service: Full Service, Listing Terms: Cash, Conventional, FHA, List Price: 825000, Mls Status: Active, Number Of Units Total: 2, Standard Status: Active, Total Actual Rent: 3250
Parking Features: One Car, Two Car, Attached, Parking Total: 6
Elementary School: Jefferson, Elementary School District: Boise School District #1, High School: Borah, High School District: Boise School District #1, Middle Or Junior School: South Boise Jr, Middle Or Junior School District: Boise School District #1
Bedrooms Total: 5
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 2699, Building Area Units: Square Feet, Construction Materials: Frame, HardiPlank Type, Living Area: 2699, Living Area Units: Square Feet, Year Built: 2013
City: Boise, Coordinates: -116.251902, 43.613198, Country: US, County Or Parish: Ada, Directions: From Fairview, South on Curtis, East on W. Gage to property, Latitude: 43.613198, Longitude: -116.251902, Postal Code: 83706, State Or Province: ID, Street Dir Prefix: W, Street Name: Gage, Street Number: 5619, Street Number Numeric: 5619, Subdivision Name: Marcus Baker Su, Unparsed Address: 5619 W Gage, Boise ID 83706
Current Use: 2-4 Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: R5459750180, Property Sub Type: Duplex, Property Type: Residential Income
Bathrooms Total Integer: 4
Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Utilities: Sewer Connected, Cable Connected
Irrigation Source: Irrigation District: No, Water Source: City Service
Appliances: Stove/Range (All Units)
Building Details
Year Built
2013
Buildings
1
Stories
1
Listing Agency:
Evans Realty, L.L.C.
(208) 365-7573
Listed By:
Matt Heath · License #SP29882
(208) 365-7573
Source:
Thgboise
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evans Realty, L.L.C.
Investment Insights
Based on property information with market context.
Built in 2013, this 2,699-square-foot duplex contains two single-level residences with distinct bedroom configurations. One unit includes three bedrooms and two baths, while the other offers two bedrooms and two baths. Both residences feature tiled showers and tubs, providing consistent bathroom finishes across the property.
Located at 5619 W Gage in Boise, the property is near downtown, freeway access, and St. Alphonsus Hospital. On-site parking and the two-unit layout add practical functionality for residential income use.
Located at 5619 W Gage in Boise, the property is near downtown, freeway access, and St. Alphonsus Hospital. On-site parking and the two-unit layout add practical functionality for residential income use.
Key Highlights
- 2,699‑square‑foot duplex built in 2013
- Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/2 baths
- Single‑level design across both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,640
$650.6K
Cap Rate 7%
$464,743
$464.7K
Cap Rate 9%
$361,467
$361.5K
Market Conditions
NOI Build-Up for 2,699 SF
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.
Gross rent
$47.0K $17.40/SF
− Vacancy
−$488 −$0.18/SF
EGI
$46.5K $17.22/SF
− OpEx
−$13.9K −$5.17/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,640
Cap Rate 7%
$464,743
Cap Rate 9%
$361,467
Alternative Uses
Best Use
Multifamily LT 5
$464.7K
$406.7K – $542.2K
NOI $32,532 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$745.4K
$652.2K – $869.6K
NOI $52,177 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 83706, ID
34,446
Population
15,992
Households
2.2
Avg Household Size
31
Median Age
57%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
4,655
Density / Sq Mi
$81,101
Median Household Income
$33,331
Median Earnings
$1,378
Median Rent
$488,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Single-story duplex with flexible unit layouts, tiled bathrooms, parking, and convenient freeway access.
Where is this duplex located?
The property is located at 5619 W Gage Boise, ID.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,699‑square‑foot duplex built in 2013; Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/2 baths; Single‑level design across both residences
