phone: 208 794-6424
Real Estate Investor Blog
Boise area real estate and rental management blog
October Update on Ada County Four Plex Metrics
Posted On: 2020-11-11 11:45:37.53


There were only 5 four plexes sold within Ada County (Boise, Meridian, Eagle, Star, and Kuna) in October.  Two were in Meridian and the remaining three were in Boise.  The average sold price was $660,000, with a high of $807,500.  Cap rates continue to trend downward as values increase faster than rents.  Although Boise rents continue to rise, they are doing so at a much more moderate rate.   Due to the low inventory, we believe cap rates will continue to trend downward.


The average Gross Rent Multiplier (GRM) for Ada County four plexes continues to climb at a steady rate.  The average GRM in October was 167 with a low of 152 and a high of 174.


At what point will investors find the returns too slim and what effects will that have here in Boise?  Will there be a big push to increase rents to make the investments pencil, or will investors continue settle for less cash flow?


Please contact us to receive the full report and graplhs.



Tony A Drost, Associate Broker, Swope Investment Properties



Stacy A McBain, Associate, Swope Investment Properties





Boise Investment Properties
Boise Investment Properties
Property Finder
free property
Value Report
Resource Center
Boise Investment Properties
208 794-6424


1161 W River St., Suite 160 Boise, Idaho 83702
PH: 208 794-6424 | Fax: 208-385-7240