722 Franklin St Boise, ID 83702-5574
Property profile & analytics
722 Franklin St Boise, ID 83702-5574
- Commercial real estate
- 3,982 SF
- 0.28 lot acres
Property ID
US27-0228973
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 722 Franklin St
- Year built
- 1880
- Lot size
- 0.28 lot acres
- Property size
- 3,982 SF
- Zone code
- L-OHD/CD
- Property type
- Commercial real estate
- APN
- R1013006080
- APU
- R1013006080
Description
This stunning 7-unit apartment building, located at 722 W. Franklin St., Boise, ID 83702, presents a unique investment opportunity. Built in 1890 and extensively renovated in 1929 and 2023, this Class A property boasts 5,029 square feet on a 0.29-acre lot. The property features seven fully furnished apartments, ideal for short-term rentals. Recent renovations include new electrical and plumbing systems, ductless mini-splits, updated radiator valves connected to geothermal heating (providing a dual heat source), new hardwood and marble weave tile flooring, newly tiled showers with glass doors, and updated kitchens with granite countertops, ducted range hoods, disposals, and stainless steel appliances. All windows and doors, along with their hardware, have been refurbished. Exterior improvements include new landscaping, irrigation, French drains, a wrought iron fence, brick pathways and entrances, a parking area (8 spaces), and a pond. The building is zoned MX1 and sits in a fantastic location, just two blocks from the state capitol, three blocks from downtown 8th Street, two blocks from the Boise Co-op, and one block from St. John's Cathedral. The asking price is $2,449,000, representing a price per unit of $349,857.14 and a price per square foot of $486.98. The property generates a Net Operating Income (NOI) of $136,762, resulting in a 5.58% cap rate. The property is subject to a ground lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.199
- Latitude
- 43.6203
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,126
$561,100
$576,700
$1,137,800
-
$561,100
$576,700
$1,137,800
