Triplex with Detached
New
For Sale
$419,000
1707 2nd St S, Nampa, ID 83651
Three one-bedroom residences include two in the primary house and a separate rear cottage.
Property Size2,547 SF
Price / SF$164.51
Days on Market3
Property Features for 1707 2nd St S
General Information
Standard status
Active
Size
2,547 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1927
Buildings
2
Listing Agency:
Keller Williams Realty Boise
Listed By:
Alison Blake · License #SP21058
(208) 409-7606
Source:
Scotreidrealty
Added: Sep 11
Last Checked: Sep 12 at 12:08PM
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 Keller Williams Realty Boise
Investment Insights
Based on property information with market context.
Built in 1927, this 2,547-square-foot triplex contains three one-bedroom residences arranged between a main house and a detached cottage. Interior character includes coved ceilings and arched doorways, while two units have received newer carpet and paint. All three residences are occupied and professionally managed.
The property is in downtown Nampa with freeway access and walkable proximity to coffee shops and stores. The combination of a multi-unit layout, separate rear cottage, and established rental operations creates a clearly defined residential income property.
The property is in downtown Nampa with freeway access and walkable proximity to coffee shops and stores. The combination of a multi-unit layout, separate rear cottage, and established rental operations creates a clearly defined residential income property.
Key Highlights
- Three one‑bedroom units totaling 2,547 SF
- Two residences in the main house plus a detached rear cottage
- Built in 1927 with coved ceilings and arched doorways
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
$27,375
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
6.53%
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%
$547,500
$547.5K
Cap Rate 7%
$391,071
$391.1K
Cap Rate 9%
$304,167
$304.2K
Market Conditions
NOI Build-Up for 2,547 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
$41.3K $16.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$39.1K $15.35/SF
− OpEx
−$11.7K −$4.61/SF
NOI
$27.4K $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%
$547,500
Cap Rate 7%
$391,071
Cap Rate 9%
$304,167
Alternative Uses
Best Use
Multifamily LT 5
$391.1K
$342.2K – $456.3K
NOI $27,375 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$358.6K
$313.7K – $418.3K
NOI $25,099 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$644.3K
$563.8K – $751.7K
NOI $45,100 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,099
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?
Triplex - Three one-bedroom residences include two in the primary house and a separate rear cottage.
Where is this triplex located?
The property is located at 1707 2nd St S Nampa, ID.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Three one‑bedroom units totaling 2,547 SF; Two residences in the main house plus a detached rear cottage; Built in 1927 with coved ceilings and arched doorways
