8-Unit Apartment
For Sale
$1,750,000
9212 W Brogan Dr A & B, Boise, ID 83709
Residential Income, Boise, ID
Property Size9,424 SF
Price / SF$185.70
Days on Market106
Property Features for 9212 W Brogan Dr A & B
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
24
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 3, Bathroom 6, Bathroom 13, Bedroom 23, Bedroom 6, Bedroom 13, Bedroom 2, Bedroom 14, Bedroom 7, Bathroom 7, Bathroom 16, Bedroom 15, Bathroom 2, Bathroom 9, Bedroom 24, Bathroom 4, Bathroom 3, Bedroom 18, Bathroom 10, Bedroom 9, Bedroom 11, Bathroom 8, Bedroom 17, Bedroom 4, Bathroom 14, Bedroom 19, Bedroom 10, Bedroom 8, Bedroom 16, Bedroom 22, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 21, Bathroom 11, Bathroom 12, Bathroom 15, Bedroom 20, Bedroom 12
Parking
8
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
R1376640060 & R1376640070
Size
9,424 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit A Bldg 3 Charter Pointe Village 4-Plex Condos Unit B Bldg 3 Charter Pointe Village 4-Plex Condos
Tax Annual Amount
5927
HOA Fee
$900 Monthly
Legal Description
Unit A Bldg 3 Charter Pointe Village 4-Plex Condos 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
8
Flooring type
Laminate, Vinyl
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: May 19
Changed: Aug 19
Last Checked: Sep 1 at 10:06PM
MLS# 98986898
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 multifamily offering comprises two fourplex buildings totaling 8 units and 9,424 square feet. Constructed in 2006, the property features stucco and synthetic exterior materials, composition roofing, laminate and vinyl flooring, forced-air natural gas heat, and central air conditioning. Appliances include a disposal, stove/range, refrigerator, and washer/dryer in all units.
Exterior maintenance is handled by the owners' association. The property is located on W Brogan Dr in Boise's 83709 postal area, within Ada County. Financial characteristics include a 5.5% cap rate and a stable rent history.
Exterior maintenance is handled by the owners' association. The property is located on W Brogan Dr in Boise's 83709 postal area, within Ada County. Financial characteristics include a 5.5% cap rate and a stable rent history.
Key Highlights
- 8‑unit multifamily property arranged as two 4‑plex buildings
- 9,424 square feet across the property
- 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
$99,048
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
5.66%
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%
$1,980,960
$2.0M
Cap Rate 7%
$1,414,971
$1.4M
Cap Rate 9%
$1,100,533
$1.1M
Market Conditions
NOI Build-Up for 9,424 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
$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 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%
$1,980,960
Cap Rate 7%
$1,414,971
Cap Rate 9%
$1,100,533
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
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
NOI $182,185 @ 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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two fourplex buildings with central air, in-unit laundry, and owner-association exterior maintenance.
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 arranged as two 4‑plex buildings; 9,424 square feet across the property; 5.5% cap rate with stable rent history
