312 N 15th St - Apartments FOR SALE


Boise, ID 83702- Downtown Boise
$1,200,000 USD
208-947-0831
312 N 15th St, Boise, ID for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

312 N 15th St
Boise, ID 83702
Downtown Boise


HIGHLIGHTS

  • Rare, near north-end Boise purchase opportunity just off of State Street arterial, within walking distance of the downtown core’s amenities.
  • The building is historical in nature (but not on the Register), constructed in 1895.
  • Excellent development potential for 12-16 unit multifamily property, with mixed-use zoning allowing for a variety of development options.
  • Small outbuilding at back of property, currently leased for $380/Mo.
  • Ideally situated at the gateway to downtown, in Boise’s most desirable and highest density rooftop neighborhood.
  • Within walking distance to public transportation, major employers and services, and just blocks from the connector.

OVERVIEW

Introducing a rare purchase opportunity in the heart of Boise, Idaho. This 6,098 square foot historic (in nature, not on the Register) building, originally constructed in 1895, offers a versatile and well-maintained shell structure with a new roof and trusses. Zoned MX-5, this property presents excellent potential for a 12-16 unit multifamily development, with additional mixed-use options. The 0.14-acre parcel includes a small leased outbuilding, contributing to the property's income stream. Conveniently located near downtown Boise, this property provides easy access to public transportation, major employers, and essential services, making it an ideal property in the Boise market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

7

PRICE/UNIT

$171,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,035 SF

ZONING

MX-5

APN/PARCEL ID

R1013007994

ASK ABOUT THIS PROPERTY

Michael BallantyneTOK CommercialMore Info
208-947-0831

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

Michael BallantyneTOK CommercialMore Info
208-947-0831

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