Two-Unit Duplex with RV
New
For Sale
$530,000
2320-2322 E Dewey Ave, Nampa, ID 83686
Residential Income, Nampa, ID
Property Size3,281 SF
Lot Size0.45 Acres
Price / SF$161.54
Days on Market2
Property Features for 2320-2322 E Dewey Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4
Parking
8
Parking features
RV
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
Park Place
Lot features
10000 S F - .49, Garden, R. V. Parking
Elementary school
Sherman
Middle school
West Middle Nam
High school
Columbia
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
Kings Road, W on Amity, N on Chicago, E on Dewey or 16th Ave, E on 2nd St S, S on Chicago, E on Dewe
Standard status
Active
APN
25265000 0
Size
3,281 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
26-3N-2W Se Park Place Tax 95151 In Blk 12
Tax Annual Amount
3719
Legal Description
26-3N-2W Se Park Place Tax 95151 In Blk 12
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1928
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Jill Darlingday · License #SP32014
(208) 703-0744
Added: Sep 15
Last Checked: Sep 16 at 9:06AM
MLS# 99000855
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.
This duplex contains 3,281 square feet across two residential units on a 0.45-acre parcel. The first unit at 2320 E Dewey Ave has a two-level, four-bedroom layout with 1.5 baths, newer flooring and paint, stainless steel kitchen appliances, and refreshed bathrooms with tile showers and vanities. The second unit at 2322 E Dewey Ave provides three bedrooms and two baths. Both units include a stove/range and refrigerator.
Built in 1928, the property has frame construction, vinyl siding, a composition roof, baseboard heat, and wall or window cooling units. The site includes RV parking and substantial outdoor area. The property is located near Northwest Nazarene University, schools, shopping, and dining in Nampa, Idaho.
Built in 1928, the property has frame construction, vinyl siding, a composition roof, baseboard heat, and wall or window cooling units. The site includes RV parking and substantial outdoor area. The property is located near Northwest Nazarene University, schools, shopping, and dining in Nampa, Idaho.
Key Highlights
- Two residential units totaling 3,281 square feet
- 0.45‑acre lot with ample outdoor area and parking
- First unit offers a two‑level, four‑bedroom layout with newer flooring, paint, appliances, and bathroom finishes
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
$35,264
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
6.65%
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%
$705,280
$705.3K
Cap Rate 7%
$503,771
$503.8K
Cap Rate 9%
$391,822
$391.8K
Market Conditions
NOI Build-Up for 3,281 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
$53.2K $16.20/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$50.4K $15.35/SF
− OpEx
−$15.1K −$4.61/SF
NOI
$35.3K $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%
$705,280
Cap Rate 7%
$503,771
Cap Rate 9%
$391,822
Alternative Uses
Best Use
Multifamily LT 5
$503.8K
$440.8K – $587.7K
NOI $35,264 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$461.9K
$404.2K – $538.9K
NOI $32,332 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$830.0K
$726.2K – $968.3K
NOI $58,097 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 83686, ID
55,343
Population
20,283
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
87.7 sq mi
ZIP Area
631
Density / Sq Mi
$83,666
Median Household Income
$40,310
Median Earnings
$1,310
Median Rent
$381,800
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 - Two-unit property with updated finishes in one unit, ample parking, and a sizable outdoor area.
Where is this duplex located?
The property is located at 2320-2322 E Dewey Ave 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 residential units totaling 3,281 square feet; 0.45‑acre lot with ample outdoor area and parking; First unit offers a two‑level, four‑bedroom layout with newer flooring, paint, appliances, and bathroom finishes
