Detached Quadplex with Unit
For Sale
$675,000
483 N 1st St, Nampa, ID 83651
MULTI_FAMILY - Nampa, ID
Property Size2,032 SF
Price / SF$332.19
Days on Market49
Property Features for 483 N 1st St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Light Industrial/ SFR
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Parking
10
Appliances
Stove/Range (All Units), Refrigerator (All Units)
Subdivision
0 Not Applic.
Lot features
1/2 - .99 Acre
Elementary school
Snake River
Middle school
East Valley Mid
High school
Columbia
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
11th Ave N to 1st St North
Standard status
Active
APN
12899000 0
Size
2,032 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
22-3N-2W Nw Nampa City Acres 3 Lot 27 Less Nw 5' Of Ne 65' Blk 16
Tax Annual Amount
2550
Legal Description
22-3N-2W Nw Nampa City Acres 3 Lot 27 Less Nw 5' Of Ne 65' Blk 16
Utilities
Heating system
Wall Furnace, Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1940
Number of units
4
Flooring type
Laminate, Vinyl
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Kirsten Carlson · License #SP49785
(206) 851-2479
Added: Jun 22
Changed: Aug 1
Last Checked: Aug 9 at 1:06PM
MLS# 98991244
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.
Investment Insights
Based on property information with market context.
Detached quadplex featuring four residential units on one parcel. The mix includes three 1-bedroom, 1-bath units and one 3-bedroom, 1-bath home. The property is fully leased, with new one-year leases in place. Interior appointments include stove/range and refrigerators for all units, laminate and vinyl flooring, wall furnace and baseboard heating, and window or wall/window unit cooling. Construction includes wood siding, with a composition roof. Built in 1940.
The property is located at 483 N 1st St in Nampa, ID, positioned near downtown Nampa, shopping, dining, schools, parks, and major commuter routes. Appliances and heating/cooling systems are described as provided for all units.
Performance and occupancy-related figures provided include a 5.8% cap rate and 100% occupancy, along with a stated strong rental history and strong tenant retention supported by the detached unit layout.
The property is located at 483 N 1st St in Nampa, ID, positioned near downtown Nampa, shopping, dining, schools, parks, and major commuter routes. Appliances and heating/cooling systems are described as provided for all units.
Performance and occupancy-related figures provided include a 5.8% cap rate and 100% occupancy, along with a stated strong rental history and strong tenant retention supported by the detached unit layout.
Key Highlights
- Detached quadplex with four residential units on one parcel
- Unit mix: three 1‑bedroom 1‑bath units plus one 3‑bedroom 1‑bath home
- Fully leased with new one‑year leases in place
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
$21,840
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
3.24%
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%
$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
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
$32.9K $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 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%
$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 3.24%
Second Best
Apartment 5plus
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K
NOI $35,981 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
935
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?
Quadplex - Detached four-unit property with three 1-bedroom units and one 3-bedroom home, fully leased with new one-year leases.
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 $675,000.
What are key features of this property?
This property features: Detached quadplex with four residential units on one parcel; Unit mix: three 1‑bedroom 1‑bath units plus one 3‑bedroom 1‑bath home; Fully leased with new one‑year leases in place
