Building Details

Building Size 4,716 SF

Listing Agency: TOK Commercial

Listed By: Moses Mukengezi · License #57246 Show Phone

Source: Tokcommercial

Added: May 29 Changed: Oct 13 Last Checked: Oct 16 at 5:53AM

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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 TOK Commercial

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Investment Insights

Based on property information with market context.

This multifamily property consists of large three-bedroom units designed for family living. Each unit includes fully fenced backyards and in-unit washer and dryer appliances. The current rental structure is month-to-month, providing the ability to adjust rents with 30 days’ notice; the most recent rent increase took effect March 1, 2026.

The property offers convenient access to I-84, downtown Nampa, and nearby amenities.

The offering is presented as a value-add opportunity based on rents being significantly below market, along with available rent-increase timing under the month-to-month lease terms.

Key Highlights

• Multifamily built in 2004 with 4,716 total building area SF
• Large three‑bedroom units with fully fenced backyards
• In‑unit washer and dryer appliances in each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,474

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$929,480 $929.5K

Cap Rate 7%

$663,914 $663.9K

Cap Rate 9%

$516,378 $516.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,716 SF

Gross rent

$89.4K $18.96/SF

− Vacancy

−$4.9K −$1.04/SF

EGI

$84.5K $17.92/SF

− OpEx

−$38.0K −$8.06/SF

NOI

$46.5K $9.85/SF

Area

Nampa, ID

Vacancy

5.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$929,480

Cap Rate 7%

$663,914

Cap Rate 9%

$516,378

Alternative Uses

Best Use

Apartment 5plus

$663.9K

$580.9K – $774.6K (±1% cap)

NOI $46,474 @ 7.0% cap · market cap 6.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,507 @ 7.0% cap · market cap 10.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Parking Lot & Garage Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

612

Businesses Nearby

Explore this area Business Placement

Demographics for 83712, ID

8,908

Population

4,606

Households

1.9

Avg Household Size

42

Median Age

62%

College-Educated

97%

High-School Grad

22.9 sq mi

ZIP Area

389

Density / Sq Mi

$105,764

Median Household Income

$56,280

Median Earnings

$1,368

Median Rent

$757,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily with large three-bedroom units featuring fully fenced backyards and in-unit washer and dryer appliances.

Where is this multifamily property located?

The property is located at 1907 S Railroad St Nampa, ID.

What is the asking price?

The asking price for this property is $770,000.

What are key features of this property?

This property features: Multifamily built in 2004 with 4,716 total building area SF; Large three‑bedroom units with fully fenced backyards; In‑unit washer and dryer appliances in each unit