Two-Home Duplex with
New
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 Market4
Property Features for 219 24th Ave S
General Information
Standard status
Active
Size
2,948 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
Lot Features: Standard Lot 6000-9999 SF, Lot Size Acres: 0.16, Lot Size Area: 0.16, Lot Size Dimensions: 140x50, Lot Size Square Feet: 6969.6, Lot Size Units: Acres
Tax Annual Amount: 3839.14, Tax Legal Description: 26-3N-2W Nw Park Add Lt 9 In Blk 14 Nampa, ID Canyon County, Tax Year: 2025
Gross Scheduled Income: 4600
Cooling: Central Air, Cooling YN: t
Heating: Forced Air, Natural Gas, Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98997312, Listing Service: Full Service, Listing Terms: Cash, Conventional, FHA, List Price: 530000, Mls Status: Price Change, Number Of Units Total: 2, Standard Status: Active, Total Actual Rent: 3600
Parking Total: 2
Elementary School: Sherman, Elementary School District: Nampa School District #131, High School: Skyview, High School District: Nampa School District #131, Middle Or Junior School: South Middle Nampa, Middle Or Junior School District: Nampa School District #131
Bedrooms Total: 7
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 2948, Building Area Units: Square Feet, Construction Materials: Frame, Living Area: 2948, Living Area Units: Square Feet, Year Built: 1915
City: Nampa, Coordinates: -116.54911419, 43.56908923, Country: US, County Or Parish: Canyon, Directions: 12th Ave S, E Roosevelt, NE 22nd Ave S, R 3rd St S, L 24th Ave S, Latitude: 43.56908923, Longitude: -116.54911419, Postal Code: 83651, State Or Province: ID, Street Name: 24th Ave S., Street Number: 219, Street Number Numeric: 219, Subdivision Name: 0 Not Applic., Unparsed Address: 219 24th Ave S., Nampa ID 83651
Current Use: 2-4 Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: 14061000 0, Property Sub Type: Duplex, Property Type: Residential Income
Bathrooms Total Integer: 5
Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Utilities: Sewer Connected
Foundation Details: Crawl Space
Irrigation Source: Irrigation District: Yes, Water Source: City Service
Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units), Washer/Dryer (Some Units)
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Keller Williams Realty Boise
(208) 340-9277
Listed By:
Arrow Tallman · License #SP42029
(208) 340-9277
Source:
Thgboise
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 16 at 6:42AM
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 = 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
$31,685
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
5.98%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
