Updated Triplex with Covered
New
For Sale
$485,000
236 High St, Nampa, ID 83651
Fully leased three-unit property with recent interior upgrades, covered parking, and attached storage for each unit.
Property Size2,268 SF
Price / SF$213.84
Days on Market6
Property Features for 236 High St
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
covered parking
attached storage
Lot Features: 10000SF - .49, Irrigation, Sidewalks, Lot Size Dimensions: 157x65, Lot Size Units: Acres
Fencing: Partial
Tax Annual Amount: 3188, Tax Legal Description: 21-3N-2W SE YALE PARK ADD TX 3 OF BLK 80 Canyon County Nampa ID, Tax Year: 2025
Flooring: Vinyl
Carport YN: t
Gross Scheduled Income: 3300
Cooling: Some Units, Cooling YN: t
Heating: Ceiling, Electric, Radiant, Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98996463, Listing Service: Full Service, Listing Terms: Consider All, List Price: 485000, Mls Status: Active, Number Of Units Total: 3, Standard Status: Active, Total Actual Rent: 2925
Parking Features: Carport, Parking Total: 3
Elementary School: Central, Elementary School District: Nampa School District #131, High School: Nampa, High School District: Nampa School District #131, Middle Or Junior School: Lone Star Middle School, Middle Or Junior School District: Nampa School District #131
Bedrooms Total: 6
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 2268, Building Area Units: Square Feet, Construction Materials: Masonry, Living Area: 2268, Living Area Units: Square Feet, Year Built: 1970
Insurance Expense: 725
City: Nampa, Coordinates: -116.580901, 43.579948, Country: US, County Or Parish: Canyon, Directions: South on Northside Blvd from I84, West on High st., Latitude: 43.579948, Longitude: -116.580901, Postal Code: 83651, State Or Province: ID, Street Name: High St, Street Number: 236, Street Number Numeric: 236, Subdivision Name: Yale Park, Unparsed Address: 236 High St, Nampa ID 83651
Current Use: 2-4 Units, Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: 16788000 0, Property Sub Type: Triplex, Property Type: Residential Income
Bathrooms Total Integer: 3
Electric: 85, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Electric Expense: 85, Trash Expense: 648, Utilities: Sewer Connected
Foundation Details: Slab
Irrigation Source: Irrigation District: Yes, Water Source: City Service
Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Building Details
Year Built
1970
Listing Agency:
Boise Premier Real Estate
(208) 577-1487
Listed By:
Mark Knight · License #AB39474
(208) 577-1487
Source:
Thgboise
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 6:38AM
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 Boise Premier Real Estate
Investment Insights
Based on property information with market context.
Built in 1970, this 2,268-square-foot triplex contains three residential units and is fully leased. Recent improvements include new windows, carpet, and fixtures, providing updated interior finishes across the property. Each unit has covered parking and attached storage.
The property is located at 236 High St in central Nampa, with access to I-84 and Downtown Nampa. Its three-unit configuration, current occupancy, and unit-level parking and storage create a straightforward multifamily layout for ownership and management.
The property is located at 236 High St in central Nampa, with access to I-84 and Downtown Nampa. Its three-unit configuration, current occupancy, and unit-level parking and storage create a straightforward multifamily layout for ownership and management.
Key Highlights
- Three‑unit triplex totaling 2,268 square feet
- Fully leased property with established tenant history
- Recent upgrades include new windows, carpet, and fixtures
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
$24,377
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
5.03%
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%
$487,540
$487.5K
Cap Rate 7%
$348,243
$348.2K
Cap Rate 9%
$270,856
$270.9K
Market Conditions
NOI Build-Up for 2,268 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
$36.7K $16.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$34.8K $15.35/SF
− OpEx
−$10.4K −$4.61/SF
NOI
$24.4K $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%
$487,540
Cap Rate 7%
$348,243
Cap Rate 9%
$270,856
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.7K – $406.3K
NOI $24,377 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$573.7K
$502.0K – $669.3K
NOI $40,160 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
648
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?
Triplex - Fully leased three-unit property with recent interior upgrades, covered parking, and attached storage for each unit.
Where is this triplex located?
The property is located at 236 High St Nampa, ID.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,268 square feet; Fully leased property with established tenant history; Recent upgrades include new windows, carpet, and fixtures
