Four-Unit Residential Income
For Sale
$676,500
5990 & 6002 S Jessenia Ln, Boise, ID 83709
Four rental homes with in-unit washer/dryer and stainless steel appliances, professionally managed under a flat-fee arrangement.
Property Size2,288 SF
Price / SF$295.67
Days on Market95
Property Features for 5990 & 6002 S Jessenia Ln
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
2021
Listing Agency:
Fathom Realty
Listed By:
Janelle Anderson · License #SP42574
(208) 939-5151
Source:
Bktidaho
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 15 at 12:17AM
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 Fathom Realty
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Investment Insights
Based on property information with market context.
This for-sale quadplex consists of four separately addressed homes, each on its own parcel number and address. The end units offer 3 bedrooms and 2.5 bathrooms, while the center units offer 2 bedrooms and 2.5 bathrooms. Each home includes an in-unit washer/dryer and a refrigerator, with kitchens featuring granite countertops and stainless steel appliances. The property is currently fully rented, with management handled by a property manager under a 6% flat fee.
Located at 5990 S Jessenia Ln in Boise, ID 83709, the community is supported by an HOA that includes trash service, community maintenance, landscaping, and access to a clubhouse with a workout room. The seller states the property has been well maintained and will share a home inspection dated March 2026 with buyers upon offer submission.
Located at 5990 S Jessenia Ln in Boise, ID 83709, the community is supported by an HOA that includes trash service, community maintenance, landscaping, and access to a clubhouse with a workout room. The seller states the property has been well maintained and will share a home inspection dated March 2026 with buyers upon offer submission.
Key Highlights
- Four homes built in 2021, each with its own parcel number and address
- Unit mix: end units offer 3 bed/2.5 bath; center units offer 2 bed/2.5 bath
- Each unit includes in‑unit washer/dryer and a refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,578
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,560
$551.6K
Cap Rate 7%
$393,971
$394.0K
Cap Rate 9%
$306,422
$306.4K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$39.8K $17.40/SF
− Vacancy
−$414 −$0.18/SF
EGI
$39.4K $17.22/SF
− OpEx
−$11.8K −$5.17/SF
NOI
$27.6K $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%
$551,560
Cap Rate 7%
$393,971
Cap Rate 9%
$306,422
Alternative Uses
Best Use
Multifamily LT 5
$394.0K
$344.7K – $459.6K
NOI $27,578 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$631.9K
$552.9K – $737.2K
NOI $44,232 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
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Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental homes with in-unit washer/dryer and stainless steel appliances, professionally managed under a flat-fee arrangement.
Where is this quadplex located?
The property is located at 5990 & 6002 S Jessenia Ln Boise, ID.
What is the asking price?
The asking price for this property is $676,500.
What are key features of this property?
This property features: Four homes built in 2021, each with its own parcel number and address; Unit mix: end units offer 3 bed/2.5 bath; center units offer 2 bed/2.5 bath; Each unit includes in‑unit washer/dryer and a refrigerator
