Multifamily (25 units and up) Cap Rates in Boise, ID
Hello All,
Not sure if there are any commercial multifamily brokers in the Boise forum, but I was wondering what the B and C class market cap rates were currently. Boise has great market data, and I'm originally from Boise -- potentially investing in this area, even amidst the craze, seems like an interesting idea.
On a side note, does anybody know where many of the B or C class multifamily properties are around Boise? Garden city comes quickly to mind, though I haven't really been on the lookout whenever I return home.
Any help is appreciated. Thank you!
Most Popular Reply
@Tyler R. I am not a commercial broker but I have been involved in multi-family deals here in the Boise area. You would be hard pressed to find anything above a 6-7 cap currently. There are a number of value add deals that will pop up from time to time. I know of some 4-plexes going up in the Nampa area that claim to have a 6.8 cap but I haven't looked at the numbers myself just yet. Dive me a call. I'd love to talk. I'll PM you.