5-Unit Rental Investment Opportunity
$900,000
235 E Warm Springs Ave, Boise, ID 83712
1,852 sqft
Building Size
0.1 acres
Lot Area
Details:
Highlights:
- Classic 5‑unit multi‑family on iconic Warm Springs Avenue in Boise’s East End, offering rare small‑scale density and character appeal.
- Flexible income profile historically rented as 3 short‑term Airbnb rentals plus 2 long‑term units, diversifying cash flow and smoothing seasonality.
- Long & short-term rentals are fully managed by 3rd party property management company. If buyer wants to self-manage they could significantly increase cashflow.
- High-demand location creates strong renter and guest pull, with an excellent opportunity to target traveling nurses, hospital staff, and Airbnb guests.
Description:
235 Warm Springs Avenue is a classic five-unit multifamily investment on Boise’s iconic Warm Springs Avenue, featuring a mix of three short-term and two long-term rental units in a highly walkable East End location near downtown, BSU, St. Luke’s, and the Greenbelt. Offered at $900,000, the property generates an annualized 2025 net operating income of approximately $50,144, reflecting a cap rate of about 5.57 percent. The flexible income profile and strong demand from visitors and local professionals create an attractive, low-vacancy cash-flow opportunity.
Prime walkable location near downtown, BSU, St. Luke’s, the Greenbelt, parks, and shopping, ideal for both visitors and long‑term tenants.
Documents:
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| 235-Warm-Springs-OM-JH_-_Public.pdf |
Location
Gallery
