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Lysi Bishop

info@lysibishop.com +1(208) 472-5337

Listed by William Cowdry • Silvercreek Realty Group

$4,300,000

Est. payment - /mo

1.94 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Cruzen Mtn View

MLS Listing ID 98984149

HOA Y/N No

Annual Tax Amount $17,957

Tax Year 2025

Lot Size 1.938 Acres

Acres 1.938

Property Sub-Type Unimproved Land

Source IMLS 2

Property 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. Seller is offering 2 separate sets of plans. 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 is 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.

Location

State ID

County Ada

Area Boise West - 0600

Zoning MX-3

Direction From Orchard and Fairview, West on Fairview to the North side block starting at 5106 Fairview and extending through the NW corner at 5123 Bond.

Interior

Fireplace No

Exterior

Community Features 5+ Units

Utilities Available Natural Gas Connected, Electricity Connected, Overhead, Phone Connected, Sewer Connected, Underground Utilities

Street Surface Gravel,Paved

Building

Lot Description 1 Acre - 4.99 Acres, Level

Faces From Orchard and Fairview, West on Fairview to the North side block starting at 5106 Fairview and extending through the NW corner at 5123 Bond.

Sewer Sewer-Exist

Water City Service

New Construction No

Schools

Elementary Schools Koelsch

High Schools Capital

School District Boise School District #1

Others

Senior Community No

Tax ID R1625500899,R1625500897,R1625500780,R1625500850

Ownership Fee Simple

Acceptable Financing Cash, Consider All, Conventional

Listing Terms Cash, Consider All, Conventional

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Interested in Selling Your Home?

With over 25 years of experience serving the Treasure Valley, Lysi Bishop Real Estate sets the standard for real estate, and continues with our mission statement to 'Create Bigger Lives for All.'

+1(208) 472-5337

info@lysibishop.com

913 W River St Suite 200, Boise, ID, 83702

5106 W Fairview Ave Boise, ID 83706