2516 W Hazel Active Save Request In-Person Tour Request Virtual Tour
Boise,ID 83702
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,945 sqft
Price per Sqft $385
Subdivision Packenhams Add
MLS Listing ID 98947024
Bedrooms 4
Year Built 1925
Annual Tax Amount $5,551
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Triplex
Property Description
Located in the heart of Boise's highly sought-after North End, this fully rented triplex is a rare investment opportunity offering immediate income with an actual CAP Rate of 5.01%—and potential to push 6% with modest rental increases. The property features three updated units, each with separate gas and electric meters, ensuring efficient management. Unit 1 offers 2-bedrooms, 1-bathroom, separate living and kitchen areas, plus a dedicated laundry and storage room. Unit 2 & 3 are both 1-bedroom, 1-bathroom units with separate living and kitchen areas. A large 560 sqft. unfinished attic provides the perfect opportunity to add a 4th unit, further increasing investment returns. Additional features include a full sprinkler system, newer main water line, low maintenance stucco exterior, freshly painted exterior trim, dedicated storage shed for maintenance equipment, and a track record of minimal vacancy in this prime location.
Location
State ID
County Ada
Area Boise North - 0100
Zoning ZC-252
Interior
Heating Natural Gas,Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl Sheet
Laundry Washer/Dryer Hookups (Some Units)
Exterior
Community Features 2-4 Units
Utilities Available Sewer Connected
Roof Type Composition
Building
Lot Description Small Lot 5999 SF,Bus on City Route,Sidewalks
Water City Service
Structure Type Frame,Stucco
New Construction No
Schools
Elementary Schools Lowell
High Schools Boise
School District Boise School District #1
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional