Two-Home Residential Income
For Sale
$599,000
625 & 627 E Pennsylvania St, Boise, ID 83706
MULTI_FAMILY - Boise, ID
Property Size1,920 SF
Lot Size0.26 Acres
Price / SF$311.98
Days on Market107
Property Features for 625 & 627 E Pennsylvania St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4
Parking
4
Parking features
Driveway, Carport
Fireplace
1
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (No Units), Washer/Dryer (No Units)
Subdivision
Utter Sub
Lot features
10000 S F - .49, Bus on City Route, Garden
Elementary school
White Pine
Middle school
Les Bois
High school
Timberline
Elementary school district
Boise School District #1
Middle school district
Boise School District #1
High school district
Boise School District #1
Directions
Boise Avenue, East on Pennsylvania
Standard status
Active
APN
R8930000022
Size
1,920 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Exhibit A
Tax Annual Amount
4468
Legal Description
Exhibit A
Utilities
Heating system
Natural Gas, Forced Air, Fireplace(s)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1950
Number of units
2
Flooring type
Vinyl
Building materials
Frame, HardiPlank Type
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Rita Braithwaite · License #SP22657
(208) 484-2468
Added: Apr 15
Changed: Jul 30
Last Checked: Jul 30 at 1:06PM
MLS# 98982179
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 residential income property consists of two separate homes on one lot: a front home and a back home, each with its own layout. The front unit includes 2 bedrooms and 1 bathroom, along with a gas fireplace insert, back deck, carport, and a small storage shed. The back unit offers 2 bedrooms and 2 bathrooms, with each bedroom having a private bathroom, plus a large storage shed.
The homes share a well and are set on a spacious shared yard with mature landscaping and sprinklers. Additional improvements include a well pump replacement in November 2025. Both units are currently vacant, and new carpet and paint are being done in the back home.
Set up for straightforward owner occupancy or investment use, the property provides two income-producing dwellings within a single lot configuration.
The homes share a well and are set on a spacious shared yard with mature landscaping and sprinklers. Additional improvements include a well pump replacement in November 2025. Both units are currently vacant, and new carpet and paint are being done in the back home.
Set up for straightforward owner occupancy or investment use, the property provides two income-producing dwellings within a single lot configuration.
Key Highlights
- Two separate homes on one lot: front 1,072 SF (2 bed/1 bath) and back 680 SF (2 bed/2 bath) built in 1950
- Back home has 2 bedrooms with private bathrooms in each room; both units are currently vacant
- Shared well and spacious shared yard with mature landscaping and sprinklers
Financial Insights For Multifamily LT 5
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 | $33.4k | $17.40 |
| − Vacancy | −$347 | −$0.18 |
| EGI | $33.1k | $17.22 |
| − OpEx | −$9.9k | −$5.17 |
| NOI | $23.1k | $12.05 |
1,920 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.3K – $385.7K
NOI $23,142 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
585
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 - Two separate residences on one lot share a well and yard, with both units currently vacant.
Where is this duplex located?
The property is located at 625 & 627 E Pennsylvania St Boise, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two separate homes on one lot: front 1,072 SF (2 bed/1 bath) and back 680 SF (2 bed/2 bath) built in 1950; Back home has 2 bedrooms with private bathrooms in each room; both units are currently vacant; Shared well and spacious shared yard with mature landscaping and sprinklers
