5106 W Fairview Ave., Boise, ID 83706

$4,300,000 Active MLS® 98984150 Commercial
ActiveMLS® 98984150
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5106 W Fairview Ave., Boise, ID 83706 photo
Commercial
MLS® 98984150
$4,300,000
5106 W Fairview Ave., Boise, ID 83706
1.94 Acres 0 Sq.Ft.
Description

Fairview Village represents a two-phase multifamily development, approved by Boise's Design Review Commission following rigorous public review. A fully entitled, 205-unit multifamily opportunity on the Boise Bench that's ready for the developer who moves with conviction. The current Podium build, designed for maximum capital efficiency, with a unit mix built to capture Boise's most active rental demand segment: workforce and moderate-income households. Utilize flexible execution paths like layered public financing (LIHTC, HUD 221(d)(4), tax-exempt bonds) or a pivot to market-rate garden-style delivery with a strategic capital stack. Boise's fundamentals do the talking: 3.2% rent growth, sub-5.4% vacancy, and a supply pipeline that has materially contracted. The entitlements are done. The only question: who's ready to build. This is the deal for a developer who knows that the best time to move in Boise was five years ago, and the second best time is now.

Interior features
  • Utilities Sewer Connected
  • Air conditioning Central Air
  • Lot dimension 1.94 Acres
  • Lot description 1 - 4.99 Acres
Exterior features
  • Lot dimension 1.94 Acres
  • Lot description 1 - 4.99 Acres
  • Foundation Basement
  • Roofing materials Composition, Metal, Other

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