Residential Income Home with Two Living
517 E Sherman Ave Nampa, ID 83686
517 E Sherman Ave, Nampa, ID, 83686
$449,000
Pending
For Sale
$449,000
Pending
MULTI_FAMILY - Nampa, ID
Property Size2,322 SF
Lot Size0.07 Acres
Days on Market48
Property Features for 517 E Sherman Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
- Parking
- 2
- Interior features
- Walk In Shower
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
- Standard status
- Pending
- APN
- 11001011 0
- Size
- 2,322 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 27-3N-2W SW KURTZ ADD TX 21755 IN LT 12 BLK 47
- Tax Annual Amount
- 3161
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Number of units
- 1
- Building materials
- Frame, Wood Siding
- Roof type
- Composition
Listing agency
Silvercreek Realty Group
(208) 377-0422
Listed by
Melanie Burch
(208) 407-0891
Added: Jun 5 Updated: Jul 9 at 3:02AM Checked: Jul 22 at 3:06PM
MLS# 98989226
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.
This nearly new, spacious 5-bedroom, 3-bath home is set up for flexible, multi-tenant living. The layout includes two full levels, two separate living rooms, and a complete kitchen, creating distinct spaces that can support different rental arrangements. The property is currently operating as a short-term rental and is described as having a split bedroom floor plan that guests have found convenient.
The home is located in Nampa, Idaho, with walking distance to Northwest Nazarene University. That proximity is positioned as a key factor for potential student housing, long-term leasing, or continuing its current short-term rental use.
For buyers and operators, the existing configuration and current STR setup may appeal to those looking to maintain a similar income strategy or convert the space into a more traditional rental offering. The two-level plan and the availability of a complete kitchen help support practical day-to-day living for multiple residents. If you’re evaluating a residential income property with an established rental format and a layout designed around shared occupancy, this home’s combination of size, separation of living areas, and nearby university access is central to its appeal.
The home is located in Nampa, Idaho, with walking distance to Northwest Nazarene University. That proximity is positioned as a key factor for potential student housing, long-term leasing, or continuing its current short-term rental use.
For buyers and operators, the existing configuration and current STR setup may appeal to those looking to maintain a similar income strategy or convert the space into a more traditional rental offering. The two-level plan and the availability of a complete kitchen help support practical day-to-day living for multiple residents. If you’re evaluating a residential income property with an established rental format and a layout designed around shared occupancy, this home’s combination of size, separation of living areas, and nearby university access is central to its appeal.
Key Highlights
- Nearly new 5‑bedroom, 3‑bath home built in 2022 with a 2‑level layout for flexible living and rental use
- 2 full levels with 2 living rooms and a complete kitchen, supporting multi‑tenant or roommate‑style living
- Currently operating as a short‑term rental near Northwest Nazarene University, with stated 5.3% ROI
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $18.96 |
| − Vacancy | −$2.4k | −$1.04 |
| EGI | $41.6k | $17.92 |
| − OpEx | −$18.7k | −$8.06 |
| NOI | $22.9k | $9.85 |
2,322 SF · lease $18.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,882 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,116 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Nearly new 5-bedroom, 3-bath home configured for multi-tenant living and currently operated as a short-term rental.
Where is this single family property located?
The property is located at 517 E Sherman Ave Nampa, ID.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Nearly new 5‑bedroom, 3‑bath home built in 2022 with a 2‑level layout for flexible living and rental use; 2 full levels with 2 living rooms and a complete kitchen, supporting multi‑tenant or roommate‑style living; Currently operating as a short‑term rental near Northwest Nazarene University, with stated 5.3% ROI
