The Pines Apartments
Exclusive Multifamily Opportunity
7501 W Florence Ln | Boise, ID 83704
OPPORTUNITY
- Address
- City, State, Zip
- County
- Parcel Number
- Zoning
- Site Size/Acreage
- Built
- Renovated
- Units
- Buildings
- Rentable SF
- Average Unit SF
- Average In-Place Rent
- Average In-Place Rent/SF
INVESTMENT HIGHLIGHTS
BOISE MARKET GROWTH:
15% Population Growth Since 2020
The Boise MSA has established itself as one of the most durable multifamily markets in the Mountain West. Average effective rent reached $1,642 per month in Q1 2026, up 3.6% year-over-year. Berkadia projects 3.9% rent growth by year-end 2026 and 5.3% annually from 2027 through 2030, anchored by Micron’s $15 billion semiconductor plant, Meta’s $800 million data center, and St. Luke’s $1.2 billion patient tower. Employers are forecasted to add 10,500 net new jobs in 2026, sustaining the in-migration that has grown the metro 15% since 2020 toward a projected 1 million residents by 2030.
HIGH QUALITY ASSET:
Built in 1993
The Pines is a full decade newer than the typical 1970s and early 1980s product competing in the West Bench submarket. Stucco siding, copper plumbing, individual electrical panels, air conditioning, dedicated gas water heaters, and in-unit washers and dryers distinguish the property from older inventory where these features are largely absent. Select units offer vaulted ceilings, fireplaces, and private patios or balconies. The Pines delivers a construction quality and amenity package at a basis that cannot currently be replicated in the Boise West Bench neighborhood.
CORE LOCATION PREMIUM:
95% Occupancy in Q1 2026
The Pines sits within the established Boise core, a submarket that consistently trades at a premium to the broader metro. Proximity to St. Luke’s, Micron Technology, and Boise State University supports stronger occupancy and lower vacancy duration than outlying submarkets. The Boise core posted 95.0% occupancy in Q1 2026, with the West Bench location offering residents immediate access to Boise Towne Square, I-184, and the metro’s primary employment corridors.
45
units
1993
Built
2023
Renovated
943
AVG SF
ASSET
Pines Apartments is a well-located residential community in Boise’s West Bench neighborhood, offering renovated and comfortable living spaces just minutes from shopping, dining, and major transportation routes. The property features quiet, garden-style buildings with modern touches and easy access to Boise Towne Square Mall, theaters, parks, and other local amenities making it a convenient choice for residents who want suburban ease paired with city proximity.
Units at Pines Apartments consist of one-bedroom (700 SF) and two-bedroom layouts (949 SF) with fully updated interiors including new kitchen appliances and in-unit washers and dryers. Many apartments also offer private patios or balconies, and the community includes outdoor recreation features such as a playground, covered parking, and pet-friendly policies. The complex balances modern comforts with a relaxed setting that’s ideal for small households or professionals seeking quality rental living in a well-established Boise neighborhood.
VIRTUAL TOUR
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
berkadia.com
berkadia.com/northwest
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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