Selkirk Apartments

Berkadia Boise is pleased to present a rare opportunity to acquire Selkirk Apartments, a fully renovated, 24-unit multifamily community in one of Boise’s most connected infill neighborhoods.

Comprised of two 12-unit buildings of all 1-bed floor plans, Selkirk Apartments pair a clean, efficient design with turnkey condition that removes near-term capital risk. Every unit has been updated to current finish standards, allowing a new owner to step into stabilized cash flow from day one while retaining clear upside as in-place rents mark to a rising market. The single-floorplan layout and compact two-building footprint keep operations simple and predictable.

Selkirk Apartments sit in Boise’s West/Bench neighborhood, an established residential pocket prized for its central position and direct connectivity. Residents are minutes from the I-184 Connector at the Curtis Road interchange, placing downtown Boise, the Boise Airport, and the broader metro freeway network within an easy commute. The immediate area is anchored by Saint Alphonsus Regional Medical Center, one of the metro’s largest healthcare employers, with St. Luke’s Health System, Micron Technology, Boise State University, and the State of Idaho all within the surrounding employment core. Everyday retail, dining, and services along Curtis, Fairview, and State Street round out a location that delivers genuine walk-to-work and drive-anywhere convenience.

Greater Boise remains one of the strongest multifamily markets in the Mountain West, driven by a thriving tech sector, expanding healthcare systems, and sustained in-migration. Metro effective rent reached $1,642 in the first quarter of 2026, up 3.6% year over year, while occupancy held at 95.0%. Renting remains far more affordable than owning, with rent consuming just 19.5% of metro income against a 25.6% national average. Employers are forecast to add roughly 10,500 net new jobs in 2026 on the strength of Micron’s $15 billion plant expansion, St. Luke’s $1.2 billion patient tower, and Meta’s new data center, while metro population is projected to climb 17.4% over the next five years.