4-Unit Multifamily
For Sale
$875,000
9212 W Brogan Dr -B, Boise, ID 83709
MULTI_FAMILY - Boise, ID
Property Size4,712 SF
Price / SF$185.70
Days on Market9
Property Features for 9212 W Brogan Dr -B
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bathroom 3, Bedroom 12, Bedroom 4, Bathroom 5, Bathroom 2, Bathroom 7, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 10, Bedroom 1, Bedroom 11, Bathroom 1, Bedroom 3, Bathroom 6, Bedroom 9, Bedroom 7, Bathroom 8, Bedroom 6
Parking
4
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Charter Pointe
Lot features
Irrigation, Sidewalks
Elementary school
Desert Sage
Middle school
LkHazel Jr
High school
Mountain View
Elementary school district
West Ada School District
Middle school district
West Ada School District
High school district
West Ada School District
Directions
Overland / S on Maple Grove past Lake Hazel / W on Brogan to entrance, then east to building.
Standard status
Active
APN
R1376640070
Size
4,712 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit B Bldg 3 Charter Pointe Village 4-Plex Condos
Tax Annual Amount
2963
HOA Fee
$450 Monthly
Legal Description
Unit B Bldg 3 Charter Pointe Village 4-Plex Condos
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2006
Number of units
4
Flooring type
Vinyl, Laminate
Building materials
Stucco, Synthetic
Roof type
Composition
Listing Agency:
RE/MAX Advisors · RE/MAX International
(208) 375-9700
Listed By:
Darrin Jaszkowiak · License #DB17849
(208) 863-0444
Added: Aug 3
Changed: Aug 6
Last Checked: Aug 11 at 10:06PM
MLS# 98996156
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 4-unit multifamily property contains 4,712 square feet and was built in 2006. Each residence provides a 3-bedroom, 2-bathroom layout, with vinyl and laminate flooring, forced-air natural gas heating, and central air conditioning. Unit appliances include disposal, stove/range, refrigerator, and washer/dryer. The building features stucco and synthetic exterior materials beneath a composition roof.
The property is located at 9212 W Brogan Dr -B in Boise, Idaho 83709, within Ada County. Exterior maintenance is handled by the owners' association. The offering carries a 5.5% CAP rate and includes a history of stable rent performance. An identical 4-plex is available next door, and three additional 4-plexes are also available.
The property is located at 9212 W Brogan Dr -B in Boise, Idaho 83709, within Ada County. Exterior maintenance is handled by the owners' association. The offering carries a 5.5% CAP rate and includes a history of stable rent performance. An identical 4-plex is available next door, and three additional 4-plexes are also available.
Key Highlights
- 4,712 square feet across 4 residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- 5.5% CAP rate with stable rent history
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
$56,795
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
6.49%
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%
$1,135,900
$1.1M
Cap Rate 7%
$811,357
$811.4K
Cap Rate 9%
$631,056
$631.1K
Market Conditions
NOI Build-Up for 4,712 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
$82.0K $17.40/SF
− Vacancy
−$853 −$0.18/SF
EGI
$81.1K $17.22/SF
− OpEx
−$24.3K −$5.17/SF
NOI
$56.8K $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%
$1,135,900
Cap Rate 7%
$811,357
Cap Rate 9%
$631,056
Alternative Uses
Best Use
Multifamily LT 5
$811.4K
$709.9K – $946.6K
NOI $56,795 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,092 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
151
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
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 offer consistent three-bedroom layouts with association-managed exterior maintenance.
Where is this quadplex located?
The property is located at 9212 W Brogan Dr -B Boise, ID.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,712 square feet across 4 residential units; Each unit includes 3 bedrooms and 2 bathrooms; 5.5% CAP rate with stable rent history
