Detached Four-Unit
For Sale
$625,000
483 N 1st St, Nampa, ID 83651
Four separate residential units occupy one parcel, with a mix of one-bedroom apartments and a larger three-bedroom home.
Property Size2,032 SF
Price / SF$307.58
Days on Market47
Property Features for 483 N 1st St
General Information
Standard status
Active
Size
2,032 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
5.8%
Building Details
Year Built
1940
Buildings
4
Tenancy
Multi
Listing Agency:
Silvercreek Realty Group
Listed By:
Kirsten Carlson · License #SP49785
(206) 851-2479
Source:
Noplacelikeidaho
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 3:57PM
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 Silvercreek Realty Group
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Investment Insights
Based on property information with market context.
This quadplex includes four detached residential units situated on one parcel, creating a configuration distinct from a conventional attached fourplex. The unit mix comprises three 1-bedroom, 1-bath units and one 3-bedroom, 1-bath home, with 2,032 square feet of total property size. Originally built in 1940, the property is fully leased with new one-year leases in place.
The property is located at 483 N 1st St in Nampa, near downtown, shopping, dining, schools, parks, and major commuter routes. Current operating metrics include 100% occupancy and a 5.8% cap rate. The four-unit layout and varied bedroom count provide a defined residential income configuration for an investor or 1031 exchange buyer.
The property is located at 483 N 1st St in Nampa, near downtown, shopping, dining, schools, parks, and major commuter routes. Current operating metrics include 100% occupancy and a 5.8% cap rate. The four-unit layout and varied bedroom count provide a defined residential income configuration for an investor or 1031 exchange buyer.
Key Highlights
- Four detached residential units on one parcel
- Unit mix includes three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath home
- 2,032 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,840
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,800
$436.8K
Cap Rate 7%
$312,000
$312.0K
Cap Rate 9%
$242,667
$242.7K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$32.9K $16.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$31.2K $15.35/SF
− OpEx
−$9.4K −$4.61/SF
NOI
$21.8K $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%
$436,800
Cap Rate 7%
$312,000
Cap Rate 9%
$242,667
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K
NOI $35,981 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residential units occupy one parcel, with a mix of one-bedroom apartments and a larger three-bedroom home.
Where is this quadplex located?
The property is located at 483 N 1st St Nampa, ID.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four detached residential units on one parcel; Unit mix includes three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath home; 2,032 square feet of total property size
