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408 N Allumbaugh St - Allumbaugh St Multi-Family Land
0.94 Acres of Residential Land Offered at $2,140,311 CAD in Boise, ID 83704
Investment Highlights
- Centrally located in Boise, with convenient access to major transportation corridors, hospitals, schools, parks, and local amenities.
- Situated in the middle of Boise, making it ideal for multifamily development catering to Boise’s increasing housing demand.
Property Facts
| Price | $2,140,311 CAD | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.94 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $2,140,311 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.94 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,140,311 CAD | Lot Size | 0.94 AC |
| Price Per AC | $2,276,926 CAD |
| Price | $2,140,311 CAD |
| Price Per AC | $2,276,926 CAD |
| Lot Size | 0.94 AC |
Description
This fully entitled development site at 408 N. Allumbaugh St. in Boise, Idaho, offers a rare opportunity for apartment development in Boise. The property includes an accepted building permit application for a 24-unit Garden Style project, requiring minimal effort for final approval by the City of Boise. With its strategic location, advanced permitting status, and proximity to essential services, 408 N. Allumbaugh St. stands out as an exceptional opportunity in Boise’s thriving real estate market. ENTITLEMENT STATUS: Fully entitled with all documentation, design review approvals, and extension letters included. INFRASTRUCTURE PLANNING: The property includes ACHD’s ‘X20259’ capital improvement plan for Allumbaugh St., slated for Summer 2025, ensuring enhanced infrastructure to support the development. DEVELOPMENT POTENTIAL: Horizontal & vertical construction drawings included as well! Ready for a 24-unit residential project with streamlined entitlement and permitting processes, allowing for an expedited start to construction
PROPERTY TAXES
| Parcel Number | R1009000378 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,365,058 CAD |
PROPERTY TAXES
zoning
| Zoning Code | MX-1 |
| MX-1 |
Presented by
408 N Allumbaugh St - Allumbaugh St Multi-Family Land
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