Newer Fourplex with Attached
16781 N Jade Cover Lane Nampa, ID 83687
16781 N Jade Cover Lane, Nampa, ID, 83687
$1,064,000
For Sale
$1,064,000
Fully leased fourplex features attached one-car garages and two additional parking spaces per unit.
Property Size5,136 SF
Price / SF$207.17
Days on Market54
Property Features for 16781 N Jade Cover Lane
General Information
- Standard status
- Active
- Size
- 5,136 SF
- Property subtype
- Income
Building Details
- Year Built
- 2021
Listing agency
RE/MAX Executives
(208) 841-2569
Listed by
Chris Trull
(208) 841-2569
Source
Homesofidaho
Added: May 30 Updated: Jul 21 at 7:35PM Checked: Jul 21 at 7:35PM
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 RE/MAX Executives
Investment Insights
Based on property information with market context.
This newer fourplex is fully leased and designed for comfortable, family-oriented living. Each unit offers three bedrooms and 2.5 bathrooms, along with a one-car attached garage. Units also include a double-wide driveway for parking two additional cars, and interior features such as a smooth-top black range with a microwave hood, ceiling fans in the master bedroom and living area, recessed lighting, and 2.5-inch faux wood blinds. Photos provided reflect an identical floor plan in a staged unit.
Per the CC&Rs, the buyer must use MAXX PM for leasing. MAXX PM charges 7% of gross rents collected. Construction on the remainder of Laguna Farms is still underway, and the completed community is planned to include a clubhouse, gym, swimming pool, playground, and dog park.
The property is offered for sale as a four-unit residential income asset within Laguna Farms, with each unit sharing the same core layout and amenity set.
Per the CC&Rs, the buyer must use MAXX PM for leasing. MAXX PM charges 7% of gross rents collected. Construction on the remainder of Laguna Farms is still underway, and the completed community is planned to include a clubhouse, gym, swimming pool, playground, and dog park.
The property is offered for sale as a four-unit residential income asset within Laguna Farms, with each unit sharing the same core layout and amenity set.
Key Highlights
- 2021‑built, fully leased fourplex with 12 total bedrooms and 12 total baths
- Each unit offers a 3‑bedroom, 2.5‑bath layout and a one‑car attached garage
- Double‑wide driveway per unit provides parking for two additional cars
Local Financial Insights For Multifamily LT 5
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 | $83.2k | $16.20 |
| − Vacancy | −$4.3k | −$0.85 |
| EGI | $78.9k | $15.35 |
| − OpEx | −$23.7k | −$4.61 |
| NOI | $55.2k | $10.75 |
5,136 SF · lease $16.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$788.6K
$690.0K – $920.0K
NOI $55,202 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$723.0K
$632.7K – $843.6K
NOI $50,613 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,944 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased fourplex features attached one-car garages and two additional parking spaces per unit.
Where is this quadplex located?
The property is located at 16781 N Jade Cover Lane Nampa, ID.
What is the asking price?
The asking price for this property is $1,064,000.
What are key features of this property?
This property features: 2021‑built, fully leased fourplex with 12 total bedrooms and 12 total baths; Each unit offers a 3‑bedroom, 2.5‑bath layout and a one‑car attached garage; Double‑wide driveway per unit provides parking for two additional cars
