230, 232, 234 Baker St
Property Description
Exceptional 36-Unit Investment Opportunity Adjacent to the University of Idaho! Offered for the first time since original development, this purpose-built 36-unit multifamily asset is located just one block from campus and has maintained near-zero historical vacancy. Built in 2009 by the original owner for long-term hold, the property reflects durable construction, thoughtful design & pride of ownership. Hands-on management and consistent upkeep have produced stable cash flow & supported continued rent growth through 2026. The asset spans three buildings with a strong mix of 25 units with 2bd/2ba & 11 units with 3bd/2ba, all featuring in-unit laundry. New roofs have been installed on all buildings within the past three years. The unit mix appeals to students, grad students, university staff & young professionals, creating diversified demand & reduced turnover. Walkable to campus with nearby dining & retail along the Pullman Hwy corridor, this is a rare, stabilized investment opportunity.
Broker Details
Latah Realty, LLC (208) 883-1525
MLS ID: 20240 State License Number: sp27993
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,550,000 |
| No. of Units: | 36 |
| Year Built: | 2008 |
| Lot Size: | 37,584.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $154,167 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-IMLSID-99003645
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