615 West Idaho Avenue
- Fully operational asset with city services (water/sewer/trash) provided by the City of Homedale.
- Prime frontage on W. Idaho Ave., offering easy access to local amenities, schools, and the Snake River recreation corridor.
- Currently zoned R (Residential), providing a clear and compatible framework for ongoing multifamily operations.
- Positioned in the growing Treasure Valley, capturing spillover demand from higher-cost Canyon and Ada County markets.
Property Description
THE OPPORTUNITY • A fully operational 16-unit mobile home park offering immediate, consistent cash flow within a high-demand Idaho submarket. • An ideal entry point into the Boise-Nampa Metropolitan Area, capturing the westward "path of progress" and residential expansion. • Positioned for long-term appreciation with operational upside, capitalizing on the Treasure Valley’s rapid population growth and shifting demographics. STRATEGIC LOCATION & DEMOGRAPHICS • Located in Homedale, a vital hub for Owyhee County that serves as a primary destination for the region's workforce housing needs. • Situated within walking distance of Homedale City Park, local retail centers, and the scenic Snake River recreation corridor. • Strategically located to absorb overflow tenant demand from the higher-cost Ada and Canyon County rental markets. SUPERIOR ASSET COMPOSITION • A 16-unit configuration situated on a ± 1.58-acre parcel, providing a rare balance of density and land-to-building ratio. • Fully stabilized operations with all essential city services (Water/Sewer/Trash) provided by the City of Homedale. • Currently Zoned R (Residential), ensuring a compatible and clear framework for continued high-performing multifamily operations
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,850,000 |
| No. of Units: | 16 |
| Lot Size: | 1.58 Acres |
| Opportunity Zone: | No |
| Price per unit: | $115,625 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
505 E Hawthorne Rd
Spokane, Washington
6530 24th Ave NW
Seattle, Washington
11255 Greenwood Ave N
Seattle, WashingtonBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout