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.
Property Details
Price:
$750,000
MLS #:
98947024
Status:
Active
Beds:
4
Baths:
3
Address:
2516 W Hazel
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Packenhams Add
Neighborhood:
Boise North – 0100
City:
Boise
Listed Date:
May 14, 2025
State:
ID
Finished Sq Ft:
1,945
Total Sq Ft:
1,945
ZIP:
83702
Lot Size:
3,920 sqft / 0.09 acres (approx)
Year Built:
1925
Units:
3
Schools
School District:
Boise School District #1
Elementary School:
Lowell
Middle School:
North Jr
High School:
Boise
Interior
Appliances
Disposal ( No Units), Stove/ Range ( All Units), Refrigerator ( All Units), Washer/ Dryer ( Some Units)
Cooling
Wall/ Window Unit(s)
Flooring
Vinyl Sheet
Heating
Natural Gas, Wall Furnace
Laundry Features
Washer/ Dryer Hookups ( Some Units)
Exterior
Construction Materials
Frame, Stucco
Roof
Composition
Financial
Tax Year
2024
Taxes
$5,552
Contact Us
Mortgage Calculator
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Listing courtesy of Powerhouse Real Estate Group

2516 W Hazel
Boise, ID
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