Boulder Creek
Exclusive Multifamily Opportunity
5713 N Garrett St, Boise, ID 83714
OPPORTUNITY
- Address
- City, State, Zip
- County
- Parcel Number(s)
- Zoning
- Site Size/Acreage
- Built
- Units
- Buildings
- Stories
- Rentable SF
- Average Unit SF
- Average In-Place Rent
- Average In-Place Rent/SF
INVESTMENT HIGHLIGHTS
Major Employment Demand: Boise employers are projected to add 9,100 net new jobs in 2026, anchored by Micron’s $15 billion semiconductor fab, Meta’s $800 million Kuna data center, and St. Luke’s $1.1 billion hospital expansion — all driving sustained household formation and renter demand in the urban core.
Supply Compression – Demand Increasing: After delivering 1,713 units in 2025 and over 3,500 at the 2024 peak, the metro is on pace for just 581 new units in all of 2026. Boulder Creek sits along a major downtown Boise commuting corridor and is well-positioned to capture strong rental demand as net absorption outpaces deliveries in the supply-constrained Boise core through 2026.
Substantial Value-Add Runway: With only 2 of 136 units renovated, Boulder Creek offers substantial runway. Renovated units already achieve a $120 monthly premium over classic condition, and a full renovation program is projected to increase gross potential rent by over $229K annually upon completion.
Garden City – Primed for Growth: Significant capital is flowing into Garden City, exemplified by the privately funded AC Boise soccer complex — Idaho’s first professional soccer stadium — which opened in Q1 2026 with a capacity of 7,050 seats and expansion capability to 11,000. Coupled with ongoing urban renewal initiatives, these investments reinforce Garden City’s trajectory as a highly desirable destination for residents and investor capital alike.
136
units
1978
Year Built
752
AVG SF
ASSET
Boulder Creek Apartments is a 136-unit garden-style community nestled in the heart of Garden City, Idaho — one of the Treasure Valley’s most rapidly evolving submarkets. The property offers a mix of one- and two-bedroom floor plans ranging from 560 to 832 square feet, with 134 units remaining in classic condition and two fully renovated units already demonstrating a proven $150 monthly rent premium.
Unit interiors feature wood-style flooring, fully equipped kitchens, solid surface counters, air conditioning, ceiling fans, private patios, and updated hardware and trim throughout. Community amenities are equally compelling — two dog parks, an outdoor pool, playground, outdoor kitchen, modern laundry facility, and assigned parking are set among mature landscaping that gives the property an established, livable feel. Residents also enjoy immediate access to Highway 26, placing downtown Boise and the Boise River Greenbelt within minutes of their front door.
VALUE-ADD OPPORTUNITY
Boulder Creek represents a compelling value-add opportunity for the next investor. The community’s two recently renovated units demonstrate proven rent premiums, commanding over a $120 rental premium, while the remaining 134 units present a clear runway for continued upside through a phased renovation program.
To maximize that upside, we believe the investment thesis should extend beyond unit-level improvements to encompass the broader community experience. Boulder Creek’s existing amenity base — including laundry facility, pool, outdoor kitchen, and common areas — provides a strong foundation. Bringing these spaces to a finish level consistent with newer, premium communities in the submarket will position Boulder Creek to capture the full spread available between its current rents and those of its best-in-class competitors.
The combination of continued unit renovations and a refreshed amenity package creates a clear path to top-of-market rents and sustained long-term value.
Growth
in effective gross income
after renovations
Units
remain in
classic condition
Market rent premium
in place for
renovated units

Standard Unit
Contact Us
Investment Sales
CLAY ANDERSON
Senior Managing Director
208.440.2486
[email protected]
ID CRE #SP34431
SPENCER HANSEN
Director
208.921.2560
[email protected]
ID CRE #SP54287
CHRISKOTT TODD
Associate Director
208.906.9515
[email protected]
ID CRE #SP58860
Mortgage Bankers
ROBERT DOXSEE
Managing Director
425.777.0235
[email protected]
MICHAEL MANOLIDES
Senior Director
253.670.2143
[email protected]
CONNOR LEMLEY
Associate Director
206.455.1592
[email protected]
Office
800 West Main Street
Suite 1410
Boise, ID 83702
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