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32196404
32196405

5106 West Fairview Avenue, Boise, ID 83706 For Sale

KD
Silvercreek Realty Group
Listed by Silvercreek Realty Group
$4,300,000
79 days on market
Updated 37 days ago

5106 West Fairview Avenue

Details
APN R1625500899,R1625500897,R1625500780,R1625500850
Property Type Land, Mixed Use (+1)
Sub Type Apartment Building, Commercial
Broker Co-Op True
Buildings 3
Stories 6
Acreage 1.940
Zoning MX3
Ground Lease No

Fully Entitled -- 205 Unit --- Multifamily Development Opportunity

Marketing description

Fairview Village represents a two-phase multifamily development, approved by Boise's Design Review Commission following rigorous public review. A fully entitled, 205-unit multifamily opportunity on the Boise Bench that's ready for the developer who moves with conviction. The current Podium build, designed for maximum capital efficiency, with a unit mix built to capture Boise's most active rental demand segment: workforce and moderate-income households. Utilize flexible execution paths like layered public financing (LIHTC, HUD 221(d)(4), tax-exempt bonds) or a pivot to market-rate garden-style delivery with a strategic capital stack. Boise's fundamentals do the talking: 3.2% rent growth, sub-5.4% vacancy, and a supply pipeline that has materially contracted. The entitlements are done. The only question is who's ready to build. This is the deal for a developer who knows that the best time to move in Boise was five years ago, and the second best time is now.

Investment highlights

Fully Entitled -- Shovel Ready

Second Set of "Garden Style" Plans can be available

1.94 Acres of Prime Boise Bench Land

Listing Contacts

KD
Silvercreek Realty Group
Listed by Silvercreek Realty Group

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