1011 S Orchard St - Apartments FOR SALE


Boise, ID 83705- Central Bench
$2,900,000 USD
208-890-8636
1011 S Orchard St, Boise, ID for Sale
$2,900,000 USD
Apartments - FOR SALE
1/6
null | 5.24% Cap Rate

1011 S Orchard St
Boise, ID 83705
Central Bench


HIGHLIGHTS

  • Central Boise Location
  • New Construction - Low Maintenance
  • Luxury Modern Units + Garage

OVERVIEW

Uptown Eight presents a rare opportunity to acquire a newly constructed multifamily in the heart of Boise ~ Property is fully stabilized, built in 2025, the Property combines immediate cash flow with low maintainance and long-term durability through premium ICF construction. The property offers many benefits to the tenants that includw superior energy efficiency, sound attenuation, and reduced maintenance requirements. The asset has demonstrated strong market alignment with rapid lease-up and in-place rents at or above market, while offering additional upside through a furnished rental strategy that has already proven to achieve a meaningful premium. Efficient unit layouts, minimal common areas, and modern finishes support both tenant demand and long-term operational performance. Located minutes from Downtown Boise, Boise State University, the Airport, and major healthcare and employment hubs, Uptown Eight is ideally positioned to capture demand from both traditional renters and higher-yield, mid-term tenants. This is a compelling opportunity for investors seeking a low-maintenance, income-producing asset with embedded upside in a maturing and stabilizing Boise market.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

8

PRICE/UNIT

$362,500

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Modern Units in the Heart of Boise

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

City of Boise-MX-1

APN/PARCEL ID

R8851690020

ASK ABOUT THIS PROPERTY

Renee RaymesCommercial Broker Connect Real EstateMore Info
208-890-8636

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Renee RaymesCommercial Broker Connect Real EstateMore Info
208-890-8636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.