Managed Multifamily
For Sale
$398,500
416 416-418 E Maine Ave, Nampa, ID 83686
Nampa multifamily property with established tenants and access to shopping, medical services, parks, and recreation.
Property Size1,708 SF
Price / SF$233.31
Days on Market67
Property Features for 416 416-418 E Maine Ave
General Information
Standard status
Active
Size
1,708 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Homes of Idaho
Listed By:
Kevin Rushton · License #SP30561
(208) 899-5078
Source:
Joeplatz
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 7 at 5:37PM
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 Homes of Idaho
Investment Insights
Based on property information with market context.
This multifamily property at 416-418 E Maine Ave in Nampa, Idaho, was built in 1980. Longtime tenants are already in place, and professional management is established at the property.
The surrounding area provides access to shopping, a hospital, medical services, parks, and the Nampa City Recreation Center, which includes a swimming pool. Lake Lowell and Deer Flat Wildlife Refuge are also a short distance away, with opportunities for boating, swimming, fishing, hunting, and other outdoor activities.
The surrounding area provides access to shopping, a hospital, medical services, parks, and the Nampa City Recreation Center, which includes a swimming pool. Lake Lowell and Deer Flat Wildlife Refuge are also a short distance away, with opportunities for boating, swimming, fishing, hunting, and other outdoor activities.
Key Highlights
- Longtime tenants in place
- Professional property management established
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,358
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,160
$367.2K
Cap Rate 7%
$262,257
$262.3K
Cap Rate 9%
$203,978
$204.0K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$27.7K $16.20/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$26.2K $15.35/SF
− OpEx
−$7.9K −$4.61/SF
NOI
$18.4K $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%
$367,160
Cap Rate 7%
$262,257
Cap Rate 9%
$203,978
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.5K – $306.0K
NOI $18,358 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,831 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,244 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Nampa multifamily property with established tenants and access to shopping, medical services, parks, and recreation.
Where is this multifamily property located?
The property is located at 416 416-418 E Maine Ave Nampa, ID.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Longtime tenants in place; Professional property management established; Built in 1980
