Four-Unit Quadplex
276 E Maine Ave, Nampa, ID 83686
For Sale
$995,000
Four separately metered residences feature in-unit laundry, private patios, modern appliances, and dedicated off-street parking.
Property Size3,856 SF
Price / SF$258.04
Days on Market122
Property Features for 276 E Maine Ave
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
granite countertops
modern appliances
private patios
Building Details
Buildings
Tenancy
Listing Agency:
Elite Homes and Property
Listed By:
Richard Fried · License ID #32033
(208) 860-1748
Source:
Exprealty
Added: Jul 16
Changed: Oct 26
Last Checked: Nov 12 at 1:58PM
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 Elite Homes and Property
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Investment Insights
Based on property information with market context.
This four-unit quadplex contains four two-bedroom, two-bath residences totaling 3,856 square feet, with each unit measuring approximately 964 square feet. The layouts include in-unit laundry, granite countertops, modern appliances, private patios, and dedicated off-street parking. Separately metered utilities provide individual utility accounting for each residence.
The property is located at 276 E Maine Ave in Nampa, Idaho, near Northwest Nazarene University, medical facilities, shopping, dining, and major commuter routes. Its unit configuration and recurring residential features create a consistent physical profile across the building, while the individual utility meters add a distinct operational feature.
The property is located at 276 E Maine Ave in Nampa, Idaho, near Northwest Nazarene University, medical facilities, shopping, dining, and major commuter routes. Its unit configuration and recurring residential features create a consistent physical profile across the building, while the individual utility meters add a distinct operational feature.
Key Highlights
- Four 2‑bedroom, 2‑bath units, each approximately 964 square feet
- 3,856‑square‑foot quadplex property
- In‑unit laundry, granite countertops, and modern appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,444
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,880
$828.9K
Cap Rate 7%
$592,057
$592.1K
Cap Rate 9%
$460,489
$460.5K
Market Conditions
NOI Build-Up for 3,856 SF
Gross rent
$62.5K $16.20/SF
− Vacancy
−$3.3K −$0.85/SF
EGI
$59.2K $15.35/SF
− OpEx
−$17.8K −$4.61/SF
NOI
$41.4K $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 Rate 5%
$828,880
Cap Rate 7%
$592,057
Cap Rate 9%
$460,489
Alternative Uses
Best Use
Multifamily LT 5
$592.1K
$518.1K – $690.7K
NOI $41,444 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$542.8K
$475.0K – $633.3K
NOI $37,999 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$975.4K
$853.5K – $1.14M
NOI $68,279 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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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
$381,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Nampa, ID
Properties on Market for Quadplexes in Nampa
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered residences feature in-unit laundry, private patios, modern appliances, and dedicated off-street parking.
Where is this quadplex located?
The property is located at 276 E Maine Ave Nampa, ID.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units, each approximately 964 square feet; 3,856‑square‑foot quadplex property; In‑unit laundry, granite countertops, and modern appliances
