Six-Unit Apartment
For Sale
$2,399,900
5003 E Woodward Ln, Nampa, ID
Fully leased townhome portfolio with attached garages, private fenced yards, and upgraded interior finishes.
Property Size8,070 SF
Price / SF$297.39
Days on Market76
Property Features for 5003 E Woodward Ln
General Information
Standard status
Active
Size
8,070 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/2.5BA, 2 x 3BR/2.5BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,485
Building Details
Buildings
6
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Steven Lee · License #SP53867
(208) 412-3484
Source:
Exprealty
Added: Aug 3
Changed: Oct 17
Last Checked: Oct 16 at 2:00PM
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 new-construction apartment portfolio comprises six separately deeded townhomes, including four two-bedroom, two-and-a-half-bath residences and two three-bedroom, two-and-a-half-bath residences. The units feature 10-foot ceilings, open living areas, granite countertops, upgraded lighting, shiplap and board-and-batten detailing, stainless steel LG appliances, and second-floor laundry with included washers and dryers. Walk-in closets, en suite bathrooms, private fenced yards, and low-maintenance landscaping complement the interiors. Attached garages provide either one-car or two-car capacity.
The property is fully leased and professionally managed, with access to I-84, Saint Alphonsus Medical Campus, and Meridian approximately 10 minutes away. The central Nampa location supports short-, mid-, or long-term rental strategies, with no rental restrictions stated in the property information.
The property is fully leased and professionally managed, with access to I-84, Saint Alphonsus Medical Campus, and Meridian approximately 10 minutes away. The central Nampa location supports short-, mid-, or long-term rental strategies, with no rental restrictions stated in the property information.
Key Highlights
- Six separately deeded townhomes in one apartment portfolio
- Unit mix includes four 2 bed/2.5 bath residences and two 3 bed/2.5 bath residences
- New construction with 10' ceilings and open‑concept living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,525
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,590,500
$1.6M
Cap Rate 7%
$1,136,071
$1.1M
Cap Rate 9%
$883,611
$883.6K
Market Conditions
NOI Build-Up for 8,070 SF
Gross rent
$153.0K $18.96/SF
− Vacancy
−$8.4K −$1.04/SF
EGI
$144.6K $17.92/SF
− OpEx
−$65.1K −$8.06/SF
NOI
$79.5K $9.85/SF
Area
Nampa, ID
Vacancy
5.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,590,500
Cap Rate 7%
$1,136,071
Cap Rate 9%
$883,611
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.1K – $1.33M
NOI $79,525 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,897 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased townhome portfolio with attached garages, private fenced yards, and upgraded interior finishes.
Where is this apartment building located?
The property is located at 5003 E Woodward Ln Nampa, ID.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: Six separately deeded townhomes in one apartment portfolio; Unit mix includes four 2 bed/2.5 bath residences and two 3 bed/2.5 bath residences; New construction with 10' ceilings and open‑concept living areas
