Two-Home Duplex with
For Sale
$530,000
219 24th Ave S, Nampa, ID 83651
Front and rear residences provide distinct layouts, parking, storage, and separate utility meters.
Property Size2,948 SF
Price / SF$179.78
Days on Market57
Property Features for 219 24th Ave S
General Information
Standard status
Active
Size
2,948 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Keller Williams Realty Boise
Listed By:
Arrow Tallman · License #SP42029
(208) 340-9277
Source:
208doors
Added: Aug 15
Changed: Sep 23
Last Checked: Oct 7 at 4:19PM
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 duplex property contains two residences on one lot totaling 2,948 square feet. The front home at 219 24th Ave S. has four bedrooms, 2.5 baths, and a primary suite on the main level. The rear home at 221 24th Ave S. offers three bedrooms and two baths in a single-level layout, along with dedicated parking and storage. Separate meters serve city utilities, gas, and power.
Recent improvements include roofs installed in 2022, HVAC/AC systems from 2021, updated windows, a new water heater in the rear residence, and an upgraded electrical panel in the front home. The property was built in 1915 and is located near downtown Nampa and NNU.
Recent improvements include roofs installed in 2022, HVAC/AC systems from 2021, updated windows, a new water heater in the rear residence, and an upgraded electrical panel in the front home. The property was built in 1915 and is located near downtown Nampa and NNU.
Key Highlights
- Two residences on one lot with 2,948 square feet total
- Front home: 4 bedrooms, 2.5 baths, and a main‑level primary suite
- Rear home: single‑level 3‑bedroom, 2‑bath layout with parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,685
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,700
$633.7K
Cap Rate 7%
$452,643
$452.6K
Cap Rate 9%
$352,056
$352.1K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$47.8K $16.20/SF
− Vacancy
−$2.5K −$0.85/SF
EGI
$45.3K $15.35/SF
− OpEx
−$13.6K −$4.61/SF
NOI
$31.7K $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 Rate 5%
$633,700
Cap Rate 7%
$452,643
Cap Rate 9%
$352,056
Alternative Uses
Best Use
Multifamily LT 5
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$415.0K
$363.1K – $484.2K
NOI $29,051 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$745.7K
$652.5K – $870.0K
NOI $52,201 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
253
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
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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?
Duplex - Front and rear residences provide distinct layouts, parking, storage, and separate utility meters.
Where is this duplex located?
The property is located at 219 24th Ave S Nampa, ID.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two residences on one lot with 2,948 square feet total; Front home: 4 bedrooms, 2.5 baths, and a main‑level primary suite; Rear home: single‑level 3‑bedroom, 2‑bath layout with parking and storage
