Leased Duplex with Detached
For Sale
$627,800
764 S Curtis, Boise, ID 83705
Residential Income, Boise, ID
Property Size3,756 SF
Lot Size0.21 Acres
Price / SF$167.15
Days on Market61
Property Features for 764 S Curtis
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 2
Parking
4
Parking features
Carport
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
Palmer Sub
Lot features
Standard Lot 6000-9999 S F, Sidewalks
Elementary school
Hillcrest
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
I-84 to Curtis Rd exit, N on Curtis Rd past Overland and Franklin. Property is located on the east side of the street.
Standard status
Active
APN
R6890040075
Size
3,756 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Exhibit A
Tax Annual Amount
6942
Legal Description
See Exhibit A
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
separate utility meters
private entrances
detached garage
covered carport
Building Details
Year built
1971
Number of units
2
Building materials
Frame, Stucco, Stone
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Liz O'gara · License #SP42533
(208) 841-5623
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 29 at 12:06PM
MLS# 98992271
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 3,756-square-foot duplex sits on a 0.21-acre lot and includes two leased residences with separate utility meters and individual entrances. Unit 764 contains three bedrooms, two bathrooms, a bonus room, and a finished lower level reached through its own exterior entry. Unit 766 provides five bedrooms, two and one-half bathrooms, and a dedicated laundry and mud room. Flooring, carpet, and interior paint were updated in Unit 764 before the current tenant moved in.
The property includes a detached garage, covered carport, and additional off-street parking. Each unit has a disposal, stove/range, and refrigerator; heating is forced air with natural gas, and cooling is central air. Tenants pay power, gas, and water, while ownership pays trash and sewer. The 1971 construction features frame, stucco, and stone materials beneath a composition roof. The property is located in Boise near shopping, parks, schools, downtown, and Interstate 84.
The property includes a detached garage, covered carport, and additional off-street parking. Each unit has a disposal, stove/range, and refrigerator; heating is forced air with natural gas, and cooling is central air. Tenants pay power, gas, and water, while ownership pays trash and sewer. The 1971 construction features frame, stucco, and stone materials beneath a composition roof. The property is located in Boise near shopping, parks, schools, downtown, and Interstate 84.
Key Highlights
- 3,756‑square‑foot duplex on a 0.21‑acre lot
- Both units are leased and separately metered
- Unit 764: 3 bedrooms, 2 bathrooms, bonus room, and finished lower level
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
$45,272
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
7.21%
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%
$905,440
$905.4K
Cap Rate 7%
$646,743
$646.7K
Cap Rate 9%
$503,022
$503.0K
Market Conditions
NOI Build-Up for 3,756 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
$65.4K $17.40/SF
− Vacancy
−$680 −$0.18/SF
EGI
$64.7K $17.22/SF
− OpEx
−$19.4K −$5.17/SF
NOI
$45.3K $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%
$905,440
Cap Rate 7%
$646,743
Cap Rate 9%
$503,022
Alternative Uses
Best Use
Multifamily LT 5
$646.7K
$565.9K – $754.5K
NOI $45,272 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$563.9K
$493.5K – $657.9K
NOI $39,476 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.04M
$907.6K – $1.21M
NOI $72,611 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 83705, ID
27,756
Population
13,228
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
1,713
Density / Sq Mi
$62,605
Median Household Income
$37,283
Median Earnings
$1,166
Median Rent
$378,800
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 separately metered residences offer private entrances, covered parking, and central Boise access near shopping, parks, schools, downtown, and I-84.
Where is this duplex located?
The property is located at 764 S Curtis Boise, ID.
What is the asking price?
The asking price for this property is $627,800.
What are key features of this property?
This property features: 3,756‑square‑foot duplex on a 0.21‑acre lot; Both units are leased and separately metered; Unit 764: 3 bedrooms, 2 bathrooms, bonus room, and finished lower level
