Triplex with Rear
For Sale
$419,000
1707 2nd Street S, Nampa, ID 83651
Residential Income, Nampa, ID
Property Size2,547 SF
Lot Size0.10 Acres
Price / SF$164.51
Days on Market23
Property Features for 1707 2nd Street S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3
Parking
2
Parking features
Driveway
Appliances
Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
Nampa Original
Lot features
Small Lot 5999 S F, Bus on City Route, Sidewalks
Elementary school
Central
Middle school
Lone Star Middle School
High school
Nampa
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
From 16th Ave S, East on 2nd St S to property
Standard status
Active
APN
R1348100000
Size
2,547 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
27-3N-2W NE NAMPA ORIGINAL NW 45' OF SE 90' OF LT 26 & 28 BLK 39, Canyon County, ID
Tax Annual Amount
2620
Legal Description
27-3N-2W NE NAMPA ORIGINAL NW 45' OF SE 90' OF LT 26 & 28 BLK 39, Canyon County, ID
Utilities
Heating system
Natural Gas, Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1927
Number of units
3
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Alison Blake · License #SP21058
(208) 409-7606
Added: Sep 9
Changed: Sep 30
Last Checked: Oct 1 at 1:06PM
MLS# 99000189
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this 2,547-square-foot triplex contains three one-bedroom units: two in the main house and one in a cottage behind it. The 0.1-acre property has frame construction, driveway parking, natural gas baseboard heat, and wall or window-unit cooling. Two units have updated carpet and paint. The residences are occupied and professionally managed, with two month-to-month leases and one lease with a one-year term.
The property is in downtown Nampa, with freeway access and coffee shops and stores within walking distance. The owner covers sewer, water, trash, and gas service.
The property is in downtown Nampa, with freeway access and coffee shops and stores within walking distance. The owner covers sewer, water, trash, and gas service.
Key Highlights
- Three one‑bedroom units: two in the main house and one in a rear cottage
- 2,547 square feet on a 0.1‑acre lot
- Built in 1927; frame construction
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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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,291
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences include two units in the primary house and a separate cottage.
Where is this triplex located?
The property is located at 1707 2nd Street 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: two in the main house and one in a rear cottage; 2,547 square feet on a 0.1‑acre lot; Built in 1927; frame construction
