Ada County 4 plex Metrics - May 2020
Inventory of duplexes and four plexes reduced greatly in May. Ada County, which includes Boise, Meridian, Kuna, and Star, only had 12 four plexes listed, which include 10 yet to be built.
Pending deals are down across the board. Ada County only had 1 four plex and Canyon county had none. Sales in May dropped to 13, down by 7.
Low inventory likely had an affect on prices and overall performance. Below are the numbers for Ada County four plexes:
Price per rental unit: $150,000
Price per Square ft: $160
Monthly Gross Rent Multiplier:150
Cap rate: 4.8%
Days on Market: 7.2