3945 Adams St, Garden City, ID 83714
This exceptional opportunity presents a fully entitled 20-unit townhome development project in desirable Garden City, Idaho. Located at 3945 N Adams St, Boise, ID 83714, this 0.882-acre site (APN: R2734502317, R2734502339, R2734502333) boasts a prime location just one block from the Boise Greenbelt, offering unparalleled pedestrian access to the Treasure Valley. The project includes six buildings – four three-unit buildings and two four-unit buildings (20 residential and 2 common lots) – with all necessary approvals in place. Preliminary plat approval, site construction documents approved by the city, and ACHD plan approvals are complete. Idaho Power design is also finalized, allowing a buyer-builder to commence construction immediately. Zoned R-3, this development offers a compelling investment at $70,000 per door, totaling $1,400,000. The property's convenient access to Chinden Blvd provides easy connectivity to downtown Boise and the western Treasure Valley. Given Garden City's increasing desirability due to its central location, proximity to the greenbelt, and closeness to downtown Boise, this project represents a rare opportunity to capitalize on the high demand for townhomes in this thriving area. This is a turnkey project ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.