2104 N 18th St - Apartments FOR SALE


Boise, ID 83702- North End
$1,200,000 USD
208-720-7994
2104 N 18th St, Boise, ID for Sale
$1,200,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2104 N 18th St
Boise, ID 83702
North End


HIGHLIGHTS

  • • Irreplaceable North End Location
  • • Grandfathered Five Unit Density
  • Walkable Lifestyle Asset

OVERVIEW

2104 N 18th Street presents a rare opportunity to acquire a five unit multifamily property in Boise’s highly desirable North End, one of the city’s most sought after and supply constrained residential neighborhoods. The property benefits from an irreplaceable location just a short walk to the restaurants, coffee shops, and neighborhood amenities along Hyde Park’s 13th Street as well as Camel’s Back Park and the Boise Foothills trail system. The property has historically operated as a blend of furnished short term and longer term furnished rentals, providing operational flexibility for investors seeking multiple leasing strategies. This model has proven successful in the North End where demand remains strong for both furnished and traditional rental housing due to its proximity to downtown Boise, outdoor recreation, and the neighborhood’s historic character. A key advantage of the property is the existing five unit density in a neighborhood where current zoning and historic district regulations make similar multifamily development extremely difficult to replicate today. This creates a unique investment opportunity to own an income producing asset in a location where supply remains limited. The property also benefits from ample on site parking, an amenity that is often limited in the North End and highly valued by tenants. Current rents range from approximately $1,250 to $1,450 per unit, providing investors with a clear path to rental upside. Market rents in the area support approximately $1,650 per unit with the addition of an on site laundry facility, presenting investors with a compelling opportunity to increase income through strategic management and modest operational improvements. A small shared laundry facility serving the five units could be easily added on site, providing an additional tenant amenity while also generating ancillary income and supporting rent growth. With its premier location, walkability to Hyde Park and Camel’s Back Park, irreplaceable unit density, plentiful parking, and clear rental upside, 2104 N 18th Street represents a compelling opportunity for investors seeking stable income and long term appreciation in one of Boise’s most iconic neighborhoods.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-1CH

APN/PARCEL ID

S0634325455

ASK ABOUT THIS PROPERTY

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208-720-7994

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208-720-7994

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