Ground-Floor Income Condo
1711 1st Street S Unit 3 Nampa, ID 83651
For Sale
$199,500
Ground-floor unit with stacked washer/dryer, enclosed storage with exterior access, and off-street parking.
Property Size1,305 SF
Price / SF$152.87
Days on Market245
Property Features for 1711 1st Street S Unit 3
General Information
- Standard status
- Active
- Size
- 1,305 SF
- Property subtype
- Income
Building Details
- Year Built
- 1984
Listing Agency:
Keller Williams Realty Boise
(208) 724-1086
Listed By:
Dalton Trevino
(208) 724-1086
Source:
Homesofidaho
Added: Nov 21, 2025
Changed: Jul 21
Last Checked: Jul 22 at 8:04PM
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.
This ground-floor income condo unit is arranged with a large living room, spacious bedrooms, and one bedroom with a private bathroom. The unit includes a walk-in utility room with a stacker washer/dryer and an additional enclosed 5x13 storage space with exterior access. An off-street parking space is provided. Flooring, bathrooms, and interior paint were updated approximately two years ago.
Located at 1711 1st Street S., Unit 3, Nampa, Idaho, the property is described as being near downtown Nampa. A $100 monthly HOA fee is noted as being used to maintain the exterior of the building, the roof, and trash service.
Overall, the layout supports low-maintenance living with dedicated interior utility space and secure storage, along with off-street parking for residents.
Located at 1711 1st Street S., Unit 3, Nampa, Idaho, the property is described as being near downtown Nampa. A $100 monthly HOA fee is noted as being used to maintain the exterior of the building, the roof, and trash service.
Overall, the layout supports low-maintenance living with dedicated interior utility space and secure storage, along with off-street parking for residents.
Key Highlights
- Ground‑floor condo with 2 bedrooms and 2 bathrooms in 1,305 sq ft (year built 1984)
- Stacked washer/dryer in a walk‑in utility room
- One bedroom has a private bathroom
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 | $24.7k | $18.96 |
| − Vacancy | −$1.4k | −$1.04 |
| EGI | $23.4k | $17.92 |
| − OpEx | −$10.5k | −$8.06 |
| NOI | $12.9k | $9.85 |
1,305 SF · lease $18.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.7K
$160.8K – $214.3K
NOI $12,860 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.1K
$288.9K – $385.1K
NOI $23,108 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Ground-floor unit with stacked washer/dryer, enclosed storage with exterior access, and off-street parking.
Where is this residential income property located?
The property is located at 1711 1st Street S Unit 3 Nampa, ID.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Ground‑floor condo with 2 bedrooms and 2 bathrooms in 1,305 sq ft (year built 1984); Stacked washer/dryer in a walk‑in utility room; One bedroom has a private bathroom
