Building Details

Year Built 2006

Buildings 1

Listing Agency: RE/MAX Advisors

Listed By: Darrin Jaszkowiak · License #DB17849 Show Phone

Source: Bktidaho

Added: Aug 3 Changed: Oct 7 Last Checked: Oct 15 at 1:08AM

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Investment Insights

Based on property information with market context.

This 8-unit apartment property comprises two four-plex buildings with a combined 9,424 square feet. Constructed in 2006, the buildings are described as well maintained and offer a multifamily configuration suited to income-producing ownership. The property includes a documented 5.7% cap rate and stable rental history.

Exterior maintenance is handled by the owners' association, providing an established management arrangement for that portion of the property. The asset is located at 9212 W Brogan Dr A & B in Boise, Idaho, within the South Boise area and among established single-family homes. Schools, parks, and amenities are identified as nearby surrounding uses.

Key Highlights

• 8‑unit multifamily property configured as two four‑plex buildings
• 9,424 square feet of building area
• Built in 2006

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,048

Cap Rate

5.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,980,960 $2.0M

Cap Rate 7%

$1,414,971 $1.4M

Cap Rate 9%

$1,100,533 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,424 SF

Gross rent

$182.1K $19.32/SF

− Vacancy

−$2.0K −$0.21/SF

EGI

$180.1K $19.11/SF

− OpEx

−$81.0K −$8.60/SF

NOI

$99.0K $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%

$1,980,960

Cap Rate 7%

$1,414,971

Cap Rate 9%

$1,100,533

Alternative Uses

Best Use

Apartment 5plus

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $99,048 @ 7.0% cap · market cap 5.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,185 @ 7.0% cap · market cap 10.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Restaurant Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Well-maintained multifamily asset with association-managed exterior maintenance and an established rental history.

Where is this apartment building located?

The property is located at 9212 W Brogan Dr A & B Boise, ID.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 8‑unit multifamily property configured as two four‑plex buildings; 9,424 square feet of building area; Built in 2006