Flipper · Boise, ID · Member since 2013 · 41 posts · 4 votes
Hello Bigger Pockets community!
We are selling a duplex in Boise and are hoping to get some help determining what a fair cap rate would be. Neighborhood is West Downtown/North End adjacent. From what we've been able to determine, cap rates seem to be all over the place in this market right now.
Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
9y
Hi @Kathlyn Lewis - In that area and size of multi-family, I would also consider pricing it more towards the single family market as well if the numbers work out better that way. I have had many clients looking for (and a couple that have bought) a primary home in that area in which they can rent out an Accessory Dwelling Unit or smaller unit as a short term or long term rental. You can market it both ways.
Rental Property Investor · St. Petersburg, FL · Member since 2017 · 3k+ posts · 4k+ votes
9y
A duplex will be appraised based on comps, not cap rate, so there is no reason to use cap to set a sale price. Find sold comps in the area and use that to determine sale price.