Multifamily Property with Separate Living
For Sale
$489,900
123 S Holly St, Nampa, ID 83686
Updated income property offering flexible occupancy, parking, storage space, and convenient access to Nampa amenities.
Property Size2,371 SF
Price / SF$206.62
Days on Market212
Property Features for 123 S Holly St
General Information
Standard status
Active
Size
2,371 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,346
Listing Agency:
exp Realty, LLC
(208) 890-7776
Listed By:
Molly Archbold Arnott
(208) 810-8780
Source:
Exprealty
Added: Mar 19
Changed: Oct 16
Last Checked: Oct 16 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of exp Realty, LLC
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Investment Insights
Based on property information with market context.
This 2371-square-foot multifamily property includes separate living areas within a flexible configuration. Major updates have been completed, and the site provides ample parking along with additional room for storage. The layout supports distinct residential spaces while retaining the adaptability associated with a smaller income property.
The property is located near downtown Nampa, NNU, shopping, dining, and everyday services. Major roads are accessible from the site, providing practical connectivity for occupants. Its combination of updated improvements, multiple living areas, parking, and storage creates a functional option for residential income use.
The property is located near downtown Nampa, NNU, shopping, dining, and everyday services. Major roads are accessible from the site, providing practical connectivity for occupants. Its combination of updated improvements, multiple living areas, parking, and storage creates a functional option for residential income use.
Key Highlights
- 2371‑square‑foot multifamily property with separate living areas
- Major updates have been completed
- Ample on‑site parking and room for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,365
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,300
$467.3K
Cap Rate 7%
$333,786
$333.8K
Cap Rate 9%
$259,611
$259.6K
Market Conditions
NOI Build-Up for 2,371 SF
Gross rent
$45.0K $18.96/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$42.5K $17.92/SF
− OpEx
−$19.1K −$8.06/SF
NOI
$23.4K $9.85/SF
Area
Nampa, ID
Vacancy
5.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,300
Cap Rate 7%
$333,786
Cap Rate 9%
$259,611
Alternative Uses
Best Use
Apartment 5plus
$333.8K
$292.1K – $389.4K
NOI $23,365 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.8K
$524.8K – $699.7K
NOI $41,984 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 83686, ID
55,343
Population
20,283
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
87.7 sq mi
ZIP Area
631
Density / Sq Mi
$83,666
Median Household Income
$40,310
Median Earnings
$1,310
Median Rent
$381,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated income property offering flexible occupancy, parking, storage space, and convenient access to Nampa amenities.
Where is this multifamily property located?
The property is located at 123 S Holly St Nampa, ID.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2371‑square‑foot multifamily property with separate living areas; Major updates have been completed; Ample on‑site parking and room for storage
