Boise, ID 83702 2516 W Hazel
$750,000
23 more
Presented By: Powerhouse Real Estate Group
Beds • 4
Baths • 1
SQFT • 1,945
Home Details
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.
Presented By: Powerhouse Real Estate Group
Interior Features for 2516 W Hazel
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths3
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringVinyl Sheet
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (Some Units)
General for 2516 W Hazel
AppliancesDisposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate5.58
Carport Y/NNo
CityBoise
Construction MaterialsFrame, Stucco
CoolingWall/Window Unit(s)
CountyAda
Current Use2-4 Units
DirectionsFrom Harrison Blvd., west on Hazel to property at corner of 26th St.
Electric0, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
Elementary SchoolLowell
Elementary School DistrictBoise School District #1
Garage Y/NNo
Gas Y/NUnit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
Gross Income48840
HOANo
HOA Fee$
HeatingNatural Gas, Wall Furnace
High SchoolBoise
High School DistrictBoise School District #1
Home Warranty Y/NNo
Land Lease Y/NNo
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet3920.4
Lot Size UnitsAcres
MLS AreaBoise North - 0100
Middle/Junior High SchoolNorth Jr
Middle/Junior School DistrictBoise School District #1
Net Operating Income43177
New ConstructionNo
Number Of Units Total3
Operating Expense5663
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeTriplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
StatusActive
Subdivision NamePackenhams Add
Tax Annual Amount5551.7
Tax Year2024
Total Actual Rent4070
UtilitiesSewer Connected
Year Built1925
Zoning DescriptionZC-252
Exterior for 2516 W Hazel
Building Area Total1945
Lot Dimensions72'x55'
Lot FeaturesSmall Lot 5999 SF, Bus on City Route, Sidewalks
Lot Size Acres0.09
Lot Size Area0.09
Open Parking Y/NNo
SpaNo
Total Parking0
Water SourceCity Service
WaterfrontY/NNo
Additional Details
Price History
Schools
Middle School
North Jr Middle School
High School
Boise High School
Elementary School
Lowell Elementary School
Jesus Yerena Delgado
Agent