Duplex with New
For Sale
$340,000
318 318/320 5th Ave. South, Nampa, ID 83651
Two units provide separate yard areas, individual electric meters, and washer and dryer hookups.
Property Size2,017 SF
Price / SF$168.57
Days on Market41
Property Features for 318 318/320 5th Ave. South
General Information
Standard status
Active
Size
2,017 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Fixer upper
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
covered porch
wood burning fireplace
fenced yard
storage units
washer/dryer hookups
vinyl windows
Building Details
Year Built
1924
Listing Agency:
Coldwell Banker Tomlinson
(208) 859-5546
Listed By:
Leah Morgan · License #SP32239
Source:
Westrealestategroup
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 30 at 7:47PM
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 Coldwell Banker Tomlinson
Investment Insights
Based on property information with market context.
This 2,017-square-foot duplex was built in 1924 and contains two distinct units. Unit 320 is vacant and includes two bedrooms, one bathroom, a great-room layout, a wood-burning fireplace, kitchen appliances, a walk-in closet, gas furnace, covered porch, side access, and driveway. Unit 318 has one bedroom, one bathroom, a storage and laundry area, basement storage, and several rear parking spaces; it is currently tenant occupied and requires 24 hours’ notice for access.
Property improvements include a new 50 year roof and exterior paint completed in the last year, along with vinyl windows throughout. Both units have washer and dryer hookups and dedicated yard space. The property also includes two storage units, separate electric meters, and shared water, sewer, and trash service. Located in Nampa, Idaho, near 5th Avenue South.
Property improvements include a new 50 year roof and exterior paint completed in the last year, along with vinyl windows throughout. Both units have washer and dryer hookups and dedicated yard space. The property also includes two storage units, separate electric meters, and shared water, sewer, and trash service. Located in Nampa, Idaho, near 5th Avenue South.
Key Highlights
- 2,017‑square‑foot duplex built in 1924
- New 50 year roof and exterior paint completed in the last year
- Unit 320 is vacant with 2 bedrooms and 1 bathroom
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
$21,679
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
6.38%
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%
$433,580
$433.6K
Cap Rate 7%
$309,700
$309.7K
Cap Rate 9%
$240,878
$240.9K
Market Conditions
NOI Build-Up for 2,017 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
$32.7K $16.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$31.0K $15.35/SF
− OpEx
−$9.3K −$4.61/SF
NOI
$21.7K $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%
$433,580
Cap Rate 7%
$309,700
Cap Rate 9%
$240,878
Alternative Uses
Best Use
Multifamily LT 5
$309.7K
$271.0K – $361.3K
NOI $21,679 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$283.9K
$248.5K – $331.3K
NOI $19,876 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$510.2K
$446.4K – $595.3K
NOI $35,715 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,512
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?
Duplex - Two units provide separate yard areas, individual electric meters, and washer and dryer hookups.
Where is this duplex located?
The property is located at 318 318/320 5th Ave. South Nampa, ID.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,017‑square‑foot duplex built in 1924; New 50 year roof and exterior paint completed in the last year; Unit 320 is vacant with 2 bedrooms and 1 bathroom
