1503 S Nelson Pl Boise, ID $ 1,180,000
1503 S Nelson Pl
$ 1,180,000
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1503 S Nelson Pl

Boise, ID, 83705
$ 1,180,000
Bedrooms7 Baths6.0 Sq 3,988

Monthly Estimate*

$ 7,843

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Multi-Family Home for sale in Boise, ID

for $1,180,000 with 7 bedrooms and 6 full baths. This 3,988 square foot home was built in 1960 on a lot size of 0.59.

Tucked away in the heart of the Boise Bench, a favorite community for urban living & university students alike, is an incredibly unique and quiet property with a large updated Duplex and 3 additional cozy bungalows, all in a wooded alcove on over 1/2 an acre! It feels like a cabin campsite area in the mountains; yet it's just mins from downtown! The beautifully updated main Mid-century home has a large kitchen, hardwood floors, 3 bed/1.5 bath. The living room boasts a wood beam ceiling, large gas fireplace with sitting hearth and peaceful backyard. The lower level was converted into a separate rental 1 bed/1 bath unit with full kitchen, living and gas fireplace (Potential for airbnb). Plus 3 separate dwellings consisting of a studio unit, a one bed one bath unit and a two bed 1 bath unit. Plenty of open parking, covered carport, and shared laundry building on-site. The private driveway lends itself to the secluded nature of the parcel! A smart portfolio property or incredible development opportunity.

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Multi-Family Active

Price

$ 1,180,000

Bedrooms

7

Full Bath

6

Property Type

Multi-Family

Taxes

$ 5,555

Style

Lot Size

0.59

Year Built

1960

Town/City

Boise

County/Region

Ada

MLS | Web ID

98910735

Features
General
Heating Baseboard Electric Forced Air Natural Gas Fireplace(s)
Cooling Central Air Wall/Window Unit(s)
Utilities Sewer Connected Cable Connected
Roof Composition
Appliances Disposal (Some Units) Stove/Range (Some Units) Refrigerator (All Units) Washer/Dryer (Some Units)
HOA 0
Garage Spaces 1
Construction Materials Brick Frame Stucco Wood Siding
Year Built 1960
Electric 0
Property SubType Other
Tax Year 2023
Current Use 5+ Units
Percent Ownership Fee Simple
Gross Income 68049
Accessibility Accessible Approach with Ramp
County Ada
Net Operating Income 47318
Operating Expense 20731
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Ralph Campbell
Garage Y/N Y
Status Active
Directions From Vista and Overland W on Overland past Shoshone to Nelson Pl - a private lane (there is a blue sign)
High School Borah
City Boise
Buyer Agent Compensation 2
Senior Community Y/N N
High School District Boise School District #1
Zoning Description R-1C
NumberOfUnitsTotal 5
MLS Area Boise Bench - 0400
Lot Size Units Acres
Lot Size Square Feet 25700.4
Waterfront Y/N N
Carport Y/N N
Street Name Nelson Pl
Listing Terms Cash Conventional
Elementary School Whitney
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 5555
Home Warranty Y/N N
Middle/Junior High School South Boise Jr
Building Area Units Square Feet
Living Area Units Square Feet
Middle/Junior School District Boise School District #1
Elementary School District Boise School District #1
Total Actual Rent 6045
Cap Rate 4.01
Buyer Agent Compensation Type %
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Interior
Basement Walk-Out Access Daylight
Flooring Laminate Vinyl Sheet
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Laundry Features Washer/Dryer Hookups (Some Units)
Total Bedrooms 7
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 6
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Exterior
Fencing Partial Wood
Parking Features One Car Other Attached RV Access/Parking
Lot Features 1/2 - .99 Acre Bus on City Route R.V. Parking
Water Source City Service
Total Parking 5
Lot Size Area 0.59
Foundation Details Crawl Space
Spa N
Building Area Total 3988
Lot Size Acres 0.59
Covered Spaces 1
Open Parking Y/N N
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Internal Only
Street Number 1 1503
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* Excluded Features
List By
Katie Mcferrin

Listing Agent

Amherst Madison

Broker

katie@mcferrinrealestate.com

Email

Affordability Calculator

$8,306
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,843
Monthly Property Taxes
$463
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
397588 Elementary School
397777 Middle School
Borah High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,180,000 Listed Price

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1503 S Nelson Pl, Boise, ID, 83705 is a Multi-Family Home for sale at $1,180,000 with 3,988 sqft and a lot size of 0.59. 1503 S Nelson Pl has 7 bedrooms, 6.0 baths, and was built in 1960. The property's zip code is 83705 which is in Boise, ID