Exceptional Investment Opportunity in South Boise – 8 unit bldg (two 4-Plex) w Strong Returns Discover this well-maintained 8 units bldg in the highly desirable South Boise area, surrounded by established single-family homes. Each of the four units boasts a spacious **3-bedroom, 2-bathroom layout**, making it a sought-after choice for tenants and ensuring consistent occupancy. An additional 8 unit bldg is also available (two 4 plexs) With a **5.5% CAP rate** and a stable rent history, this property offers reliable cash flow for savvy investors. Exterior maintenance is **handled by the owners' association**, making it incredibly easy to manage and ideal for those seeking a hands-off investment. Located in a prime neighborhood close to amenities, schools, and parks, this property combines the benefits of a great location with the financial security of a proven income stream. Don't miss out on this rare opportunity to own a high-performing multifamily property in South Boise!
Unit 1 Baths: 2, Unit 2 Baths: 2, Unit 3 Baths: 2, Unit 4 Baths: 2, Unit 6 Baths: 2, Unit 7 Baths: 2, Unit 8 Baths: 2
Flooring: Laminate, Vinyl
Has basement: No
Interior area
Total structure area: 9,424
Total interior livable area: 9,424 sqft
Property
Parking
Total spaces: 8
Lot
Features: Irrigation, Sidewalks
Details
Parcel number: R1376640060 & R1376640070
Construction
Type & style
Home type: MultiFamily
Property subtype: Apartment, Multi Family
Materials
Stucco, Synthetic
Roof: Composition
Condition
Year built: 2006
Utilities & green energy
Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
Water: Public
Utilities for property: Sewer Connected, Cable Connected
Community & HOA
Community
Subdivision: Charter Pointe
HOA
Has HOA: Yes
HOA fee: $900 monthly
Location
Region: Boise
Financial & listing details
Price per square foot: $186/sqft
Annual tax amount: $5,927
Date on market: 5/19/2026
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 11300
Estimated market value
Zestimate®
$1,707,600
Estimated sales range
$1.62M - $1.79M
Rent Zestimate®
$1,597/mo
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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