Townhome-Style Multifamily
1617 12th Ave Rd Nampa, ID 83686
New
1617 12th Ave Rd, Nampa, ID, 83686
$4,450,000
For Sale
$4,450,000
24 two-bedroom, one-and-a-half-bath townhome units with patios, covered carports, a pool, new windows, and individual water heaters.
Property Size22,008 SF
Price / SF$202.20
Days on Market4
Property Features for 1617 12th Ave Rd
General Information
- Standard status
- Active
- Size
- 22,008 SF
- Property subtype
- Multifamily
Listing Agency
(206) 826-5815
Listed by
Keegan Maez · License #License(s): WA: 25026669, ID: 7071396
(206) 826-5815
Source
Marcusmillichap
Added: Jul 15 Checked: Jul 17 at 2:15 am
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 Keegan Maez
Investment Insights
Based on property information with market context.
The Medallion Townhomes is a 24-unit, two-bedroom, one-and-a-half-bath townhome-style multifamily community. The property includes patios and covered carports for residents, as well as a pool on-site. Recent improvements noted in the offering include new windows, and each unit is served by an individual water heater.
The community is located in Nampa, Idaho, approximately 20 miles west of downtown Boise and within the Boise metropolitan area. The listing states the area is supported by economic and population growth, and notes major employers and the Nampa and Vallivue school districts as part of the region’s workforce housing foundation. The property is situated off 12th Avenue Road for access to major employment centers, retail amenities, and regional transportation routes.
The offering is presented as a pride-of-ownership asset, and the property includes assumable financing with 8 years remaining on the note, as stated in the remarks.
The community is located in Nampa, Idaho, approximately 20 miles west of downtown Boise and within the Boise metropolitan area. The listing states the area is supported by economic and population growth, and notes major employers and the Nampa and Vallivue school districts as part of the region’s workforce housing foundation. The property is situated off 12th Avenue Road for access to major employment centers, retail amenities, and regional transportation routes.
The offering is presented as a pride-of-ownership asset, and the property includes assumable financing with 8 years remaining on the note, as stated in the remarks.
Key Highlights
- Medallion Townhomes: 24‑unit complex in Nampa, ID, made up of 24 two‑bedroom, 1.5‑bath units.
- Each unit averages approximately 917 SF.
- On‑site amenities include patios, covered car ports, and a pool.
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 | $417.3k | $18.96 |
| − Vacancy | −$22.9k | −$1.04 |
| EGI | $394.3k | $17.92 |
| − OpEx | −$177.4k | −$8.06 |
| NOI | $216.9k | $9.85 |
22,008 SF · lease $18.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.10M
$2.71M – $3.61M
NOI $216,877 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.57M
$4.87M – $6.50M
NOI $389,700 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 24 two-bedroom, one-and-a-half-bath townhome units with patios, covered carports, a pool, new windows, and individual water heaters.
Where is this apartment building located?
The property is located at 1617 12th Ave Rd Nampa, ID.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Medallion Townhomes: 24‑unit complex in Nampa, ID, made up of 24 two‑bedroom, 1.5‑bath units.; Each unit averages approximately 917 SF.; On‑site amenities include patios, covered car ports, and a pool.
