Single-Level
For Sale
$825,000
5619 W Gage, Boise, ID 83706
Residential Income, Boise, ID
Property Size2,699 SF
Lot Size0.19 Acres
Price / SF$305.67
Days on Market49
Property Features for 5619 W Gage
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking
6
Appliances
Stove/Range (All Units)
Subdivision
Marcus Baker Su
Lot features
Standard Lot 6000-9999 S F
Elementary school
Jefferson
Middle school
South Boise Jr
High school
Borah
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
From Fairview, South on Curtis, East on W. Gage to property
Standard status
Active
APN
R5459750180
Size
2,699 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 19 Blk 1 Marcus Baker Sub
Tax Annual Amount
6598
Legal Description
Lot 19 Blk 1 Marcus Baker Sub
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2013
Number of units
2
Building materials
Frame, HardiPlank Type
Roof type
Composition
Listing Agency:
Evans Realty, L.L.C.
(208) 365-4495
Listed By:
Matt Heath · License #SP29882
(208) 365-7573
Added: Aug 4
Changed: Sep 13
Last Checked: Sep 21 at 8:06AM
MLS# 98996405
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.
Built in 2013, this single-level duplex contains 2,699 square feet across two residential units. One unit has three bedrooms and two bathrooms, while the other includes two bedrooms and two bathrooms. Both residences feature tiled showers, bathtubs, and stove/range appliances. The building combines frame construction with HardiPlank siding and has a composition roof, natural-gas forced-air heating, and central air conditioning.
The property occupies 0.1911 acres at 5619 W Gage in Boise, with parking provided on site. It is positioned near freeway access, downtown Boise, and St. Alphonsus Hospital, placing transportation and nearby services within the surrounding area.
The property occupies 0.1911 acres at 5619 W Gage in Boise, with parking provided on site. It is positioned near freeway access, downtown Boise, and St. Alphonsus Hospital, placing transportation and nearby services within the surrounding area.
Key Highlights
- 2,699‑square‑foot duplex built in 2013
- Two units: one with 3 bedrooms and 2 bathrooms, and one with 2 bedrooms and 2 bathrooms
- Single‑level design with tiled showers and bathtubs in both units
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct three-bedroom and two-bedroom layouts with two bathrooms each.
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; Two units: one with 3 bedrooms and 2 bathrooms, and one with 2 bedrooms and 2 bathrooms; Single‑level design with tiled showers and bathtubs in both units
