Updated Triplex with
For Sale
$479,900
Pending
240 High St, Nampa, ID 83651
Residential Income, Nampa, ID
Property Size2,128 SF
Lot Size0.23 Acres
Days on Market53
Property Features for 240 High St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking
3
Parking features
Carport
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
Yale Park
Lot features
10000 S F - .49, Sidewalks
Elementary school
Central
Middle school
Lone Star Middle School
High school
Nampa
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
South on Northside Blvd from I84, West on High st.
Standard status
Pending
APN
167890000
Size
2,128 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21-3N-2W SE YALE PARK ADD TX 2 OF BLK 80 Canyon County Nampa ID
Tax Annual Amount
3094
Legal Description
21-3N-2W SE YALE PARK ADD TX 2 OF BLK 80 Canyon County Nampa ID
Utilities
Heating system
Ceiling
Amenities
storage unit
Building Details
Year built
1965
Number of units
3
Flooring type
Laminate
Building materials
Masonry
Roof type
Composition
Listing Agency:
Boise Premier Real Estate
(208) 639-0656
Listed By:
Mark Knight · License #AB39474
(208) 577-1487
Added: Aug 6
Changed: Sep 13
Last Checked: Sep 27 at 1:06PM
MLS# 98996464
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 2,128-square-foot triplex on 0.23 acres was built in 1965 and is fully leased. The property is constructed with masonry and includes covered carport parking for each unit, with an attached storage unit serving each parking area. Interior features include laminate flooring, ceiling heat, and unit kitchens equipped with disposals, stove/ranges, and refrigerators. Washers and dryers are not provided.
Recent property work includes window replacement, carpet flooring, and fixture upgrades. The asset is located at 240 High St in Nampa, with access to I-84 and Downtown Nampa. The building has a composition roof and a three-bedroom, three-bathroom room configuration reflected in the property details.
Recent property work includes window replacement, carpet flooring, and fixture upgrades. The asset is located at 240 High St in Nampa, with access to I-84 and Downtown Nampa. The building has a composition roof and a three-bedroom, three-bathroom room configuration reflected in the property details.
Key Highlights
- Fully leased triplex at 240 High St, Nampa, ID 83651
- 2,128 SF building on a 0.23‑acre lot
- Covered carport parking and attached storage for each unit
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
$22,872
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
4.77%
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%
$457,440
$457.4K
Cap Rate 7%
$326,743
$326.7K
Cap Rate 9%
$254,133
$254.1K
Market Conditions
NOI Build-Up for 2,128 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
$34.5K $16.20/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$32.7K $15.35/SF
− OpEx
−$9.8K −$4.61/SF
NOI
$22.9K $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%
$457,440
Cap Rate 7%
$326,743
Cap Rate 9%
$254,133
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.9K – $381.2K
NOI $22,872 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,970 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$538.3K
$471.0K – $628.0K
NOI $37,681 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 multifamily property with covered parking, attached storage, and recent interior and window improvements.
Where is this triplex located?
The property is located at 240 High St Nampa, ID.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully leased triplex at 240 High St, Nampa, ID 83651; 2,128 SF building on a 0.23‑acre lot; Covered carport parking and attached storage for each unit
