Triplex with Attached
For Sale
$539,000
532 S Powerline Rd, Nampa, ID 83686
Three-unit property with two-bedroom layouts, private backyard spaces, and existing tenant occupancy.
Property Size2,702 SF
Price / SF$199.48
Days on Market9
Property Features for 532 S Powerline Rd
General Information
Standard status
Active
Size
2,702 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
2002
Listing Agency:
(208) 505-1301
Listed By:
Jesse Taff
(208) 505-1301
Source:
Waypointidaho
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 9:07AM
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 Jesse Taff
Investment Insights
Based on property information with market context.
Built in 2002, this 2,702-square-foot triplex contains three separate units. Two residences offer two bedrooms and two bathrooms, with a primary suite, private bath, walk-in closet area, attached one-car garage, refrigerator, utility room with washer and dryer, and private backyard space. The third unit has a studio-style one-bedroom, one-bath configuration and its own attached one-car garage.
One two-bedroom unit and the one-bedroom unit are tenant occupied, with a lease agreement in place for one of the occupied residences. The property is located at 532 S Powerline Rd in Nampa, Idaho, and provides separate living spaces within a single multifamily asset.
One two-bedroom unit and the one-bedroom unit are tenant occupied, with a lease agreement in place for one of the occupied residences. The property is located at 532 S Powerline Rd in Nampa, Idaho, and provides separate living spaces within a single multifamily asset.
Key Highlights
- Three‑unit triplex totaling 2,702 square feet
- Built in 2002
- Two units offer 2 beds and 2 baths
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
$29,041
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
5.39%
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%
$580,820
$580.8K
Cap Rate 7%
$414,871
$414.9K
Cap Rate 9%
$322,678
$322.7K
Market Conditions
NOI Build-Up for 2,702 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
$43.8K $16.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$41.5K $15.35/SF
− OpEx
−$12.4K −$4.61/SF
NOI
$29.0K $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%
$580,820
Cap Rate 7%
$414,871
Cap Rate 9%
$322,678
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.0K – $484.0K
NOI $29,041 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$380.4K
$332.8K – $443.8K
NOI $26,627 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$683.5K
$598.1K – $797.4K
NOI $47,845 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
219
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with two-bedroom layouts, private backyard spaces, and existing tenant occupancy.
Where is this triplex located?
The property is located at 532 S Powerline Rd Nampa, ID.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,702 square feet; Built in 2002; Two units offer 2 beds and 2 baths
