Jefferson West

Berkadia Boise Investment Sales is pleased to present the exclusive listing of Jefferson West Apartments, a 63-unit garden style community located in the coveted West End of Boise, Idaho, between downtown and the Boise Whitewater District.

Built in 1978 across four two-story buildings, Jefferson West offers fifty-four one-bedroom units, seven two-bedroom units, and two three-bedroom units. With twenty-six units already renovated at proven rent premiums and thirty-seven classic units remaining, the property presents a well-defined value-add opportunity in one of the most bikeable locations in Boise.

Renovated units feature vinyl plank flooring, updated cabinet fronts, refinished countertops, a new backsplash, and stainless steel appliances. The community includes an onsite leasing office, a community laundry facility, and onsite parking, with utility costs recovered from every resident through a RUBS program.

The offering includes assumable Fannie Mae financing, fixed at 4.73% and interest only through its 2033 maturity. Paired with a renovation program the existing units have already validated, the debt gives a new owner a clear path to grow cash flow from the first year of ownership.

Jefferson West carries a Bike Score of 97, rated a Biker’s Paradise, and a Walk Score nearly double the Boise average. The property sits less than half a mile from the Boise River Greenbelt, Esther Simplot Park, and the Boise Whitewater Park, an eleven minute ride from the State Capitol and downtown Boise, with Main Street, State Street, and the I-184 Connector all within a mile. Public and private investment is concentrated at the neighborhood’s doorstep, led by the College of Western Idaho’s Micron Academic Center at Whitewater Park Boulevard and Main Street, positioning the asset for durable renter demand as the district continues to mature.