Building Details

Year Built 2007

Listing Agency: Homes of Idaho

Listed By: Andrew Yates · License #SP43983 Show Phone

Source: 208doors

Added: May 29 Changed: Sep 18 Last Checked: Oct 7 at 1:05PM

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Investment Insights

Based on property information with market context.

This 1,552-square-foot townhouse offers two master suites along with a separate office or flex room, creating a practical layout for short-term rental use or live-work occupancy. The property was built in 2007, received a new roof and interior paint in 2022, and includes all appliances. It is currently vacant and available for easy showings.

The home is positioned near downtown Boise, BSU, and Micron, with central access suited to the short- and mid-term rental market. The property also has no HOA and no CCRs. A small 5,999-square-foot lot, city services, and one-car parking complete the offering.

Key Highlights

• 1,552‑square‑foot townhouse with two master suites
• Office or flex room supports live‑work use
• New roof and interior paint completed in 2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,022

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,440 $420.4K

Cap Rate 7%

$300,314 $300.3K

Cap Rate 9%

$233,578 $233.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,552 SF

Gross rent

$32.6K $21.00/SF

− Vacancy

−$4.6K −$2.94/SF

EGI

$28.0K $18.06/SF

− OpEx

−$7.0K −$4.52/SF

NOI

$21.0K $13.54/SF

Area

Ada County, ID

Vacancy

14.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,440

Cap Rate 7%

$300,314

Cap Rate 9%

$233,578

Alternative Uses

Best Use

Office B

$300.3K

$262.8K – $350.4K (±1% cap)

NOI $21,022 @ 7.0% cap · market cap 4.67%

Second Best

Mixed Use

$275.4K

$241.0K – $321.3K (±1% cap)

NOI $19,276 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$428.6K

$375.0K – $500.1K (±1% cap)

NOI $30,003 @ 7.0% cap · market cap 6.67%

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

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Electrical Service Restaurant Auto Parts Store

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

1

Residential units

Location Intelligence

Trade Area within ½ mile

615

Businesses Nearby

Explore this area Business Placement

Demographics for 83706, ID

34,446

Population

15,992

Households

2.2

Avg Household Size

31

Median Age

57%

College-Educated

95%

High-School Grad

7.4 sq mi

ZIP Area

4,655

Density / Sq Mi

$81,101

Median Household Income

$33,331

Median Earnings

$1,378

Median Rent

$488,900

Median Home Value

Market

Vacancy Rate% for Office in Boise, ID

7.5% 2020

5.8% 2021

8.8% 2022

11.1% 2023

10.6% 2024

11.5% 2025

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Frequently Asked Questions

What type of property is this?

Short term rental property - Vacant townhouse with flexible workspace, included appliances, and no HOA or CCRs.

Where is this short term rental property located?

The property is located at 925 Iowa Boise, ID.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: 1,552‑square‑foot townhouse with two master suites; Office or flex room supports live‑work use; New roof and interior paint completed in 2022