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Property profile

1526 Steelwood Ave Boise, ID 83713

OFF-MARKET
Land
0.58 ac lot
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Property summary

AI-generated overview

This exceptional 0.575-acre parcel, located at 1526 N Steelwood Ave, Boise, ID 83713, presents a remarkable opportunity for development. Currently zoned C-2D/DA, this land is approved for a 19-unit, four-story multifamily building, making it an ideal infill project. The property boasts a highly desirable location, situated near a Starbucks, Dutch Bros Coffee, and an Idaho Central Credit Union. Furthermore, it's conveniently located less than a mile from the Village at Meridian, offering residents easy access to a wide array of retail, dining, and entertainment options, including Idaho's only In-N-Out Burger. The site's proximity to the interstate ensures convenient commuting. Adding to its appeal, vacancy rates within a one-mile radius are remarkably low at 2%. This property is conveniently located on Fairview Avenue between Five Mile and Cloverdale Roads, providing excellent walkability to nearby retail and restaurants. The C-2 zoning allows for both commercial and multifamily uses, offering flexibility for potential investors. This is a truly exceptional opportunity to capitalize on Boise's thriving real estate market. The asking price for this exceptional property is $899,000.

Property profile

Verified
Property type Land
Lot 0.58 ac (25,047 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1526 Steelwood Ave Boise, ID 83713
Boise metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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