Triplex-Style Residential Income
805 W Richmond St. Boise, ID 83706
For Sale
$799,999
Corner-lot triplex with one 3BR/2.5BA home and two 1BR/1BA units with private entries.
Property Size3,440 SF
Price / SF$232.56
Days on Market88
Property Features for 805 W Richmond St.
General Information
- Standard status
- Active
- Size
- 3,440 SF
- Property subtype
- Income
Building Details
- Year Built
- 1930
Listing Agency:
208 Real Estate, LLC - Twin Falls
(208) 991-8208
Listed By:
Nicole Cherry
(208) 991-8208
Source:
Homesofidaho
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 8:59AM
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 208 Real Estate, LLC - Twin Falls
Investment Insights
Based on property information with market context.
This corner-lot triplex-style property features a main residence of approximately 2,209 sq ft with 3 bedrooms and 2.5 baths, along with two additional self-contained units of approximately 764 sq ft and 467 sq ft. Each of the two smaller units offers 1 bedroom and 1 bath and includes a private entry, creating distinct living spaces within the overall layout.
Located on the Boise Bench, the property is described as being just minutes from downtown Boise and the airport. The seller notes there are no HOA fees, which can support flexible ownership and operating options for long-term tenancy arrangements. Seller financing is also available.
Located on the Boise Bench, the property is described as being just minutes from downtown Boise and the airport. The seller notes there are no HOA fees, which can support flexible ownership and operating options for long-term tenancy arrangements. Seller financing is also available.
Key Highlights
- Triplex on a prominent corner lot with a total building area of 3,440 sq ft
- One 3BR/2.5BA main residence with 2,209 sq ft, plus generous living space
- Two additional self‑contained 1BR/1BA units with private entries at approximately 764 sq ft and 467 sq ft
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 | $59.9k | $17.40 |
| − Vacancy | −$623 | −$0.18 |
| EGI | $59.2k | $17.22 |
| − OpEx | −$17.8k | −$5.17 |
| NOI | $41.5k | $12.05 |
3,440 SF · lease $17.40/SF/yr · vacancy 1.04% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$592.3K
$518.3K – $691.1K
NOI $41,463 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$516.5K
$451.9K – $602.6K
NOI $36,155 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,502 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Corner-lot triplex with one 3BR/2.5BA home and two 1BR/1BA units with private entries.
Where is this triplex located?
The property is located at 805 W Richmond St. Boise, ID.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Triplex on a prominent corner lot with a total building area of 3,440 sq ft; One 3BR/2.5BA main residence with 2,209 sq ft, plus generous living space; Two additional self‑contained 1BR/1BA units with private entries at approximately 764 sq ft and 467 sq ft
