Detached-Unit
For Sale
$675,000
483 N 1st St, Nampa, ID 83651
Residential Income, Nampa, ID
Property Size2,032 SF
Price / SF$332.19
Days on Market85
Property Features for 483 N 1st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Light Industrial/ SFR
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
Parking
10
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
1/2 - .99 Acre
Elementary school
Snake River
Middle school
East Valley Mid
High school
Columbia
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
11th Ave N to 1st St North
Standard status
Active
APN
12899000 0
Size
2,032 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
22-3N-2W Nw Nampa City Acres 3 Lot 27 Less Nw 5' Of Ne 65' Blk 16
Tax Annual Amount
2550
Legal Description
22-3N-2W Nw Nampa City Acres 3 Lot 27 Less Nw 5' Of Ne 65' Blk 16
Utilities
Heating system
Wall Furnace, Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1940
Number of units
4
Flooring type
Vinyl, Laminate
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Kirsten Carlson · License #SP49785
(206) 851-2479
Added: Jun 22
Changed: Sep 13
Last Checked: Sep 14 at 2:06PM
MLS# 98991244
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 quadplex comprises four detached residential units on a single parcel at 483 N 1st St in Nampa. The configuration includes three one-bedroom, one-bath residences and one three-bedroom, one-bath home, offering a mix of unit sizes within the same property. The buildings provide 2,032 square feet of total property size and were built in 1940. Features include wood siding, composition roofing, laminate and vinyl flooring, baseboard and wall-furnace heating, and wall or window cooling units. Stoves/ranges and refrigerators are provided in all units.
All four residences are leased under new one-year leases, with 100% occupancy. The property is positioned near downtown Nampa, shopping, dining, schools, parks, and major commuter routes. Its operating profile includes a 5.8% cap rate and a documented mix of smaller units plus a three-bedroom home.
All four residences are leased under new one-year leases, with 100% occupancy. The property is positioned near downtown Nampa, shopping, dining, schools, parks, and major commuter routes. Its operating profile includes a 5.8% cap rate and a documented mix of smaller units plus a three-bedroom home.
Key Highlights
- Four detached residential units on one parcel
- Unit mix includes three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath home
- 2,032 square feet of property size; built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,840
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,800
$436.8K
Cap Rate 7%
$312,000
$312.0K
Cap Rate 9%
$242,667
$242.7K
Market Conditions
NOI Build-Up for 2,032 SF
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.
Gross rent
$32.9K $16.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$31.2K $15.35/SF
− OpEx
−$9.4K −$4.61/SF
NOI
$21.8K $10.75/SF
Area
Nampa, ID
Vacancy
5.22%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,800
Cap Rate 7%
$312,000
Cap Rate 9%
$242,667
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K
NOI $35,981 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences share one parcel, including a three-bedroom home and three one-bedroom units.
Where is this quadplex located?
The property is located at 483 N 1st St Nampa, ID.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four detached residential units on one parcel; Unit mix includes three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath home; 2,032 square feet of property size; built in 1940
