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8 Beds
8 Baths
3,724 SqFt
SOLD DATE : 10/30/2025
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,724 sqft
Price per Sqft $275
Subdivision Keeneland Park
MLS Listing ID 98962452
Sold Date 10/30/25
Bedrooms 8
HOA Fees $275/mo
HOA Y/N No
Year Built 2007
Annual Tax Amount $5,970
Tax Year 2024
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Quadruplex
Source IMLS 2
Property Description
Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise's multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buyer to verify all income and expenses.
Location
State ID
County Ada
Zoning R1
Direction From Fairview, south on Wildwood Way, west on Gabrielle, south on Wildwood Way to property.
Interior
Heating Forced Air, Natural Gas, Fireplace(s)
Cooling Central Air, All Units
Fireplace Yes
Appliance Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Laundry Washer/Dryer Hookups (All Units)
Exterior
Community Features 2-4 Units
Utilities Available Sewer Connected, Cable Connected
Roof Type Composition
Total Parking Spaces 8
Building
Lot Description 10000SF - .49, Sidewalks, Sbjt to Fair Housing Stnd
Faces From Fairview, south on Wildwood Way, west on Gabrielle, south on Wildwood Way to property.
Foundation Slab
Water City Service
Structure Type Stucco,Wood Siding
New Construction No
Schools
Elementary Schools Ustick
High Schools Centennial
School District Boise School District #1
Others
Senior Community Yes
Tax ID R4854410290
Ownership Fee Simple
Acceptable Financing Cash, Consider All, Conventional, 1031 Exchange
Listing Terms Cash, Consider All, Conventional, 1031 Exchange
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