Amazing opportunity to own & invest in SE Boise! Located just blocks away from BSU, and in close proximity to the Boise airport, Micron, the hospitals, & the lively Boise downtown scene, making this property ideal! This property has three separate apartments. All are 1 bedroom & 1 bath, with full kitchens. Each apartment has their own meter & the tenants pay for the gas & power utilities. All units have been updated within the last 10 years and the main water line from home to street has been replaced & updated. There are 2-3 parking spots behind the backyard in the alley & there is on-street parking in the front of the property. There is a new and convenient laundry facility just across the street on Broadway Ave. All 3 apartments are rented & the vacancy rate has been minimal over the last decade, due to it's incredible location! The cap rate is around 5.8% & has a potential of about 6.4%. Brand new commercial grade water heater installed 2/21/25
Sold
Price Unknown
1608 S Denver Ave, Boise, ID 83706
3beds
3baths
1,740sqft
Triplex, Multi Family
Built in 1926
-- sqft lot
$536,100 Zestimate®
$--/sqft
$2,026 Estimated rent
Home value
$536,100
$499,000 - $574,000
$2,026/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 23, 2025 at 09:12am
Listed by:
Alexandria Danilovitch 208-841-9890,
Coldwell Banker Tomlinson
Bought with:
Leslie Newman
Boise Premier Real Estate
Source: IMLS,MLS#: 98934106
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Electric
Cooling
- Wall/Window Unit(s), All Units
Appliances
- Included: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Laundry: Washer/Dryer Hookups (No Units)
Features
- Unit 1 Baths: 1, Unit 2 Baths: 1, Unit 3 Baths: 1
- Flooring: Engineered Vinyl Plank
- Basement: Walk-Out Access,Daylight
Interior area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Property
Parking
- Total spaces: 3
Features
- Fencing: Full
Lot
- Size: 6,098 sqft
- Dimensions: 125 x 50
- Features: Standard Lot 6000-9999 SF, Near Public Transit, Irrigation
Details
- Parcel number: R1955001540
- Zoning: R-2D
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1926
Utilities & green energy
- Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
- Water: Public
Community & neighborhood
Location
- Region: Boise
- Subdivision: Dundee
HOA & financial
Other financial information
- Total actual rent: 2765
Other
Other facts
- Listing terms: Cash,Consider All,Conventional,1031 Exchange,FHA,Private Financing Available,VA Loan,Other
- Ownership: Fee Simple
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,830 +24.3% | $568,700 -6.8% |
| 2023 | $4,690 +5.4% | $610,500 +13.1% |
| 2022 | $4,452 +16.7% | $539,800 +32.8% |
Find assessor info on the county website
Neighborhood: Southeast Boise
Nearby schools
GreatSchools rating
- 3/10Garfield Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 8/10East Junior High SchoolGrades: 7-9Distance: 4.5 mi
- 9/10Timberline High SchoolGrades: 10-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Garfield
- Middle: East Jr
- High: Timberline
- District: Boise School District #1
Source: IMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.