Three-Story 12-Unit Apartment
16090 N Merchant Way Nampa, ID 83687
16090 N Merchant Way, Nampa, ID, 83687
$3,265,000
For Sale
$3,265,000
MULTI_FAMILY - Nampa, ID
Property Size12,241 SF
Lot Size0.61 Acres
Price / SF$266.73
Days on Market71
Property Features for 16090 N Merchant Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- Parking
- 23
- Parking features
- Carport
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
- Standard status
- Active
- APN
- R3098201000
- Size
- 12,241 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 09-3N-2W SW TX 21296 IN SWSW
- Tax Annual Amount
- 21616
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2021
- Number of units
- 12
- Flooring type
- Laminate
- Building materials
- Frame, Wood Siding
- Roof type
- Composition
Listing Agency
KW Commercial
(208) 475-1313
1065 S Allante Pl, Boise, ID
Listed by
Tricia Callies · License #AB18477
(208) 412-4771
Added: May 12 Updated: Jul 13 at 2:38 pm Checked: Jul 21 at 5:06 am
MLS# 98985975
Listing URL
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story multifamily apartment building, constructed in 2021, contains 12 residential units. The property includes a mix of one- and three-bedroom floor plans, with each unit featuring an open-concept layout. Interior finishes include granite countertops, stainless steel appliances, and sleek laminate flooring, along with an in-unit washer and dryer. Additional storage is provided throughout, including well-appointed kitchen cabinetry and walk-in closets, and each unit also includes private outdoor space in the form of a patio or balcony.
The building is located at 16090 N Merchant Way in Nampa, Idaho, within Canyon County. The site includes community amenities designed to support everyday living, including covered parking. A pet-friendly fenced outdoor area and an onsite children’s playground are also available for residents.
For tenants and buyers looking for a turnkey-style residential income property, this asset’s unit layout and in-unit laundry feature support convenient, modern day-to-day living. The combination of private outdoor space, designated covered parking, and resident-focused outdoor amenities makes it suitable for a range of households seeking a more complete on-site living environment.
The building is located at 16090 N Merchant Way in Nampa, Idaho, within Canyon County. The site includes community amenities designed to support everyday living, including covered parking. A pet-friendly fenced outdoor area and an onsite children’s playground are also available for residents.
For tenants and buyers looking for a turnkey-style residential income property, this asset’s unit layout and in-unit laundry feature support convenient, modern day-to-day living. The combination of private outdoor space, designated covered parking, and resident-focused outdoor amenities makes it suitable for a range of households seeking a more complete on-site living environment.
Key Highlights
- JRW Apartments is a 12‑unit, three‑story multifamily community built in 2021 in Nampa
- One- and three‑bedroom floor plans ranging from 746 to 1,270 sq ft
- In‑unit essentials in every unit: washer/dryer, stove/range, refrigerator, and garbage disposal
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.1k | $18.96 |
| − Vacancy | −$12.8k | −$1.04 |
| EGI | $219.3k | $17.92 |
| − OpEx | −$98.7k | −$8.06 |
| NOI | $120.6k | $9.85 |
12,241 SF · lease $18.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,628 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,754 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 2021, this 12-unit multifamily property offers modern in-unit laundry and covered parking.
Where is this apartment building located?
The property is located at 16090 N Merchant Way Nampa, ID.
What is the asking price?
The asking price for this property is $3,265,000.
What are key features of this property?
This property features: JRW Apartments is a 12‑unit, three‑story multifamily community built in 2021 in Nampa; One- and three‑bedroom floor plans ranging from 746 to 1,270 sq ft; In‑unit essentials in every unit: washer/dryer, stove/range, refrigerator, and garbage disposal
