Boulder Creek Apartments
Exclusive Multifamily Opportunity | 136 Units
Marketing description
Berkadia Boise is pleased to present Boulder Creek Apartments, a 136-unit community located in Boise, ID. Built in 1978, the property offers one- and two-bedroom floor plans with select renovated units, and benefits from exceptional access to nearby retail, dining, and recreational amenities.
Boulder Creek sits northwest of downtown Boise in Garden City, near the Boise River, offering residents unbeatable access to the 25-mile River Greenbelt, Veterans Memorial Park, and the Boise Whitewater Park. The Garden City submarket of Boise is attracting significant private and public capital, most notably the recently completed AC Boise soccer complex, which brings Idaho's first professional men's and women's soccer franchises to the area, alongside ongoing urban renewal investment that continues to elevate Garden City's profile among residents and investors alike.
Boulder Creek has demonstrated strong tenant demand, currently operating at 96% occupancy. Select units have been fully renovated and are commanding recent rent premiums in excess of $150 per month over classic units, validating the renovation thesis. New investors have the opportunity to build on this foundation, with remaining unrenovated units representing approximately $229,200 in additional annual gross potential rent.
The property features an outdoor pool, on-site laundry, mature landscaping, enclosed dog parks, and outdoor kitchen areas for residents to experience a community focused lifestyle. Positioned along Highway 26 (Chinden Blvd), Boulder Creek offers convenient access to Downtown Boise and the North Meridian/Eagle corridor, appealing to young professionals and families seeking affordability in one of the Treasure Valley's fastest-growing locations.
Investment highlights
Major Employment Demand
Boise employers are projected to add 9,100 net new jobs in 2026, anchored by Micron's $15 billion semiconductor fab, Meta's $800 million Kuna data center, and St. Luke's $1.1 billion hospital expansion, all driving sustained household formation and renter demand in the urban core.
Substantial Value-Add Runway
With only 2 of 136 units renovated, Boulder Creek offers substantial runway. Renovated units already achieve a $150 monthly premium over classic condition, and a full renovation program is projected to increase gross potential rent by over $229K annually upon completion.
Supply Compression – Demand Increasing
After delivering 1,713 units in 2025 and over 3,500 at the 2024 peak, the metro is on pace for just 581 new units in all of 2026. Boulder Creek sits along a major downtown Boise commuting corridor and is well-positioned to capture strong rental demand as net absorption outpaces deliveries in the supply-constrained Boise core through 2026.
Garden City – Primed for Growth
Significant capital is flowing into Garden City, exemplified by the privately funded AC Boise soccer complex, Idaho's first professional soccer stadium, which opened in Q1 2026 with a capacity of 7,050 seats and expansion capability to 11,000. Coupled with ongoing urban renewal initiatives, these investments reinforce Garden City's trajectory as a highly desirable destination for residents and investor capital alike.
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