Listing Office: Exp Realty, LLC
Attribution contact:
Nearby Schools
UstickElementary School
Lewis And ClarkMiddle School
CentennialHigh School
Description
Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buyer to verify all income and expenses.
Location
Listed By
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IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed. All listings provided by IMLS are marked with the official IMLS IDX logo. Updated: 24th April, 2026 11:46 PM (UTC)
