2104 N 18TH ST Boise ID 83702-0800

2104 N 18th Street presents a rare opportunity to acquire a five unit multifamily property in Boise’s highly desirable North End, one of the city’s most sought after and supply constrained residential neighborhoods. The property benefits from an irreplaceable location just a short walk to the restaurants, coffee shops, and neighborhood amenities along Hyde Park’s as well as Camel’s Back Park and the Boise Foothills trail system.

The property has historically operated as a blend of furnished short term and longer term furnished rentals, providing operational flexibility for investors seeking multiple leasing strategies. This model has proven successful in the North End where demand remains strong for both furnished and traditional rental housing due to its proximity to downtown Boise, outdoor recreation, and the neighborhood’s historic character.

A key advantage of the property is the existing five unit density in a neighborhood where current zoning and historic district regulations make similar multifamily development extremely difficult to replicate today. This creates a unique investment opportunity to own an income producing asset in a location where supply remains limited.

The property also benefits from ample on site parking, an amenity that is often limited in the North End and highly valued by tenants.

Current rents range from approximately $1,250 to $1,450 per unit, providing investors with a clear path to rental upside. Market rents in the area support approximately $1,650 per unit with the addition of an on site laundry facility, presenting investors with a compelling opportunity to increase income through strategic management and modest operational improvements.

A small shared laundry facility serving the five units could be easily added on site, providing an additional tenant amenity while also generating ancillary income and supporting rent growth.

With its premier location, walkability to Hyde Park and Camel’s Back Park, irreplaceable unit density, plentiful parking, and clear rental upside, 2104 N 18th Street represents a compelling opportunity for investors seeking stable income and long term appreciation in one of Boise’s most iconic neighborhoods.

• Irreplaceable North End Location

• Grandfathered Five Unit Density

• Walkable Lifestyle Asset

• Flexible Investment Strategy