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5-Unit Townhome Property
New
For Sale
$2,669,500
Pending

W Melrose St lot 6-10, Boise, ID 83706

Residential Income, Boise, ID

Property Size7,046 SF
Lot Size0.10 Acres
Days on Market7

Property Features for W Melrose St lot 6-10

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 10
Bathrooms 15
Full bathrooms 15
Rooms Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 9, Bedroom 3, Bedroom 8, Bathroom 1, Bathroom 15, Bathroom 14, Bathroom 12, Bathroom 7, Bathroom 11, Bedroom 6, Bathroom 10, Bedroom 5, Bedroom 7, Bathroom 9, Bedroom 10, Bathroom 8, Bathroom 13, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1
Parking 10
Appliances Disposal (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision Broadway Lofts
Lot features Small Lot 5999 S F, Bus on City Route, Sidewalks
Elementary school Garfield
Middle school East Jr
High school Timberline
Elementary school district Boise School District #1
Middle school district Boise School District #1
High school district Boise School District #1
Directions From Broadway Ave, W on Melrose, then N.
Standard status Pending
APN CLA
Size 7,046 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS SIX TO TEN BLK 01 WYETH ACRES SUB
HOA Fee $2,500 Semi-Annually
Legal Description LOTS SIX TO TEN BLK 01 WYETH ACRES SUB

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

in-unit laundry
extra storage
Nest smart thermostat
keyless entry

Building Details

Year built 2026
Number of units 5
Building materials Frame
Roof type Composition
Listing Agency: Amherst Madison
Listed By: Matt Weston · License #SP25525
Added: Oct 15 Changed: Oct 20 Last Checked: Oct 21 at 5:06PM
MLS# 99003967

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.

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Investment Insights

Based on property information with market context.

This under-construction multifamily property brings together five attached, separately platted townhomes. The residences offer open living areas, quartz kitchen counters, Bosch appliances, and bathrooms with glass shower doors. Each home includes a refrigerator, washer and dryer, window coverings, a Nest thermostat, and keyless entry, along with in-unit laundry and a private attached garage. The property totals 7,046 square feet on 0.1033 acres and is scheduled for completion in 2026.

The location provides access to downtown Boise, Boise State University, the Greenbelt, city parks, and a commute to Micron. HOA coverage includes exterior maintenance and landscaping. The five homes are offered together as one property.

Key Highlights

  • Five attached townhomes, each separately platted
  • 7,046 square feet on 0.1033 acres
  • Under construction; year built listed as 2026

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Five separately platted residences include private attached garages, in-unit laundry, and quartz kitchen and bath finishes.
Where is this multifamily property located?
The property is located at W Melrose St lot 6-10 Boise, ID.
What is the asking price?
The asking price for this property is $2,669,500.
What are key features of this property?
This property features: Five attached townhomes, each separately platted; 7,046 square feet on 0.1033 acres; Under construction; year built listed as 2026
More about this property
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