Townhome-Style
For Sale
$895,000
6601 W Douglas, Boise, ID 83704
Four residential units feature private outdoor space, storage, covered carports, and washer/dryer hookups.
Property Size4,063 SF
Price / SF$220.28
Days on Market91
Property Features for 6601 W Douglas
General Information
Standard status
Active
Size
4,063 SF
Total Parking Spaces
8
Property subtype
Income
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,517
Amenities
washer/dryer hookups
central heating and air conditioning
private outdoor space
carports
off-street parking
Vinyl
Yes
8
Washer/Dryer Hookups (All Units)
Square Feet
10000SF - .49
City Service
Carport
4063
Building Details
Building Size
4,063 SF
Year Built
1987
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties
(208) 985-4886
Listed By:
Mason Shepherd
(208) 985-4886
Source:
Homesofidaho
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 4:54PM
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 Berkshire Hathaway HomeServices Idaho Homes & Properties
Investment Insights
Based on property information with market context.
Built in 1987, this Boise quadplex contains four townhome-style units with functional layouts and spacious living areas. Each residence includes washer/dryer hookups, dedicated storage, private outdoor space, central heating and air conditioning, and covered carport parking. The property totals 4063 square feet and also provides off-street parking.
Located at 6601 W Douglas in Boise, the property offers access to I-84, downtown Boise, Boise Towne Square, shopping, dining, and major employment centers. Its location supports connectivity throughout the Treasure Valley while placing everyday amenities and regional transportation within convenient reach.
Located at 6601 W Douglas in Boise, the property offers access to I-84, downtown Boise, Boise Towne Square, shopping, dining, and major employment centers. Its location supports connectivity throughout the Treasure Valley while placing everyday amenities and regional transportation within convenient reach.
Key Highlights
- Four‑unit quadplex with townhome‑style floor plans
- 4063 square feet; built in 1987
- Washer/dryer hookups provided in all 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
$48,973
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
5.47%
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%
$979,460
$979.5K
Cap Rate 7%
$699,614
$699.6K
Cap Rate 9%
$544,144
$544.1K
Market Conditions
NOI Build-Up for 4,063 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
$70.7K $17.40/SF
− Vacancy
−$735 −$0.18/SF
EGI
$70.0K $17.22/SF
− OpEx
−$21.0K −$5.17/SF
NOI
$49.0K $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%
$979,460
Cap Rate 7%
$699,614
Cap Rate 9%
$544,144
Alternative Uses
Best Use
Multifamily LT 5
$699.6K
$612.2K – $816.2K
NOI $48,973 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$610.0K
$533.8K – $711.7K
NOI $42,703 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.12M
$981.8K – $1.31M
NOI $78,546 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
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?
Quadplex - Four residential units feature private outdoor space, storage, covered carports, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 6601 W Douglas Boise, ID.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑unit quadplex with townhome‑style floor plans; 4063 square feet; built in 1987; Washer/dryer hookups provided in all units
