Updated Triplex with
240 High St, Nampa, ID 83651
For Sale
$479,900
Pending
Residential Income, Nampa, ID
Property Size2,128 SF
Lot Size0.23 Acres
Days on Market101
Property Features for 240 High St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
covered parking
storage unit
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Boise Premier Real Estate
(208) 639-0656
Listed By:
Mark Knight · License ID AB39474
(208) 577-1487
Added: Aug 6
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
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.
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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 / Yr
$22,872
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
