Updated Multifamily Property with RV
For Sale
$599,500
7940 W Galena Drive, Boise, ID 83709
Residential Income, Boise, ID
Property Size2,576 SF
Lot Size0.20 Acres
Price / SF$232.73
Days on Market93
Property Features for 7940 W Galena Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 1
Parking
6
Parking features
RV, Driveway
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Jackson Manor S
Lot features
Standard Lot 6000-9999 S F, R. V. Parking, Sidewalks
Elementary school
Grace Jordan
Middle school
West 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
S Cole Rd, W McMullen, N Galena
Standard status
Active
APN
R4548530270
Size
2,576 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 33 BLK 5 JACKSON MANOR SUB NO 4
Tax Annual Amount
3753
Legal Description
LOT 33 BLK 5 JACKSON MANOR SUB NO 4
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
RV parking
whole-home water filtration
Building Details
Year built
1971
Number of units
1
Building materials
Brick, Frame, Wood Siding
Roof type
Composition
Listing Agency:
Homes of Idaho
(208) 442-8500
Listed By:
Rita O'brien · License #SP41518
(208) 921-9779
Added: Jul 16
Changed: Oct 4
Last Checked: Oct 16 at 9:06PM
MLS# 98996099
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.
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Investment Insights
Based on property information with market context.
This 2,576-square-foot multifamily property sits on a 0.2-acre lot and includes six bedrooms, three bathrooms, and a finished basement. The lower level adds a family room, two bedrooms, a full bathroom, a large finished laundry room, and storage areas, along with adaptable space for an office, den, or additional bedroom. Interior improvements include a remodeled kitchen with stainless steel appliances, an island, soft-close cabinetry, and pantry storage. Additional updates include remodeled bathrooms, new flooring, interior and exterior paint, plumbing and electrical improvements, a newer HVAC system, a newer water heater, and whole-home water filtration.
Exterior features include driveway parking and RV parking with power. The property was built in 1971 and uses natural gas forced-air heating with central air conditioning. It is located minutes from Downtown Boise, Micron, the airport, shopping, dining, and I-84.
Exterior features include driveway parking and RV parking with power. The property was built in 1971 and uses natural gas forced-air heating with central air conditioning. It is located minutes from Downtown Boise, Micron, the airport, shopping, dining, and I-84.
Key Highlights
- 2,576 square feet on a 0.2‑acre lot
- Six bedrooms and three bathrooms
- Finished basement with family room, bedrooms, bathroom, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,074
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,480
$541.5K
Cap Rate 7%
$386,771
$386.8K
Cap Rate 9%
$300,822
$300.8K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$49.8K $19.32/SF
− Vacancy
−$542 −$0.21/SF
EGI
$49.2K $19.11/SF
− OpEx
−$22.2K −$8.60/SF
NOI
$27.1K $10.51/SF
Area
Ada County, ID
Vacancy
1.09%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,480
Cap Rate 7%
$386,771
Cap Rate 9%
$300,822
Alternative Uses
Best Use
Apartment 5plus
$386.8K
$338.4K – $451.2K
NOI $27,074 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.4K
$622.5K – $830.0K
NOI $49,799 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
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?
Multifamily property - Flexible finished-basement layout with remodeled interiors and RV parking with power.
Where is this multifamily property located?
The property is located at 7940 W Galena Drive Boise, ID.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: 2,576 square feet on a 0.2‑acre lot; Six bedrooms and three bathrooms; Finished basement with family room, bedrooms, bathroom, laundry, and storage
