Furnished Duplex with Separate
New
For Sale
$1,100,000
8481 Big Foot Rd, Melba, ID 83641
Flexible two-level property with multiple living areas, a second kitchen, and private outdoor space.
Property Size4,960 SF
Price / SF$221.77
Days on Market5
Property Features for 8481 Big Foot Rd
General Information
Standard status
Active
Size
4,960 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Amenities
Lot Features: 1 - 4.99 Acres, R.V. Parking, Lot Size Acres: 1.34, Lot Size Area: 1.34, Lot Size Dimensions: 331x161.5, Lot Size Square Feet: 58370.4, Lot Size Units: Acres
Tax Annual Amount: 1163, Tax Legal Description: SEC/TWN/RNG/MER:SEC 15 TWN 01N RNG 02W 15-1N-2W NE TX 14391 IN NWNWNE, Tax Year: 2025
Flooring: Laminate
Covered Spaces: 2, Garage Spaces: 2, Garage YN: t
Gross Scheduled Income: 3500
Cooling: Central Air, Cooling YN: t
Heating: Heat Pump, Fireplace(s), Heating YN: t
Laundry Features: Washer/Dryer Hookups (All Units)
Listing Id: 98996772, Listing Service: Full Service, Listing Terms: Cash, Conventional, FHA, VA Loan, List Price: 1100000, Mls Status: New, Number Of Units Total: 2, Standard Status: Active, Total Actual Rent: 5000
Parking Features: Two Car, RV Access/Parking, Attached, Parking Total: 6
Elementary School: Melba, Elementary School District: Melba School District #136, High School: Melba, High School District: Melba School District #136, Middle Or Junior School: Melba Jr, Middle Or Junior School District: Melba School District #136
Bedrooms Total: 6
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 4960, Building Area Units: Square Feet, Construction Materials: Frame, HardiPlank Type, Living Area: 4960, Living Area Units: Square Feet, Year Built: 1960
City: Melba, Coordinates: -116.562712, 43.429941, Country: US, County Or Parish: Canyon, Directions: From 12th ave S/HWY 45 Nampa, head S, E. on Big Foot to address, Latitude: 43.429941, Longitude: -116.562712, Postal Code: 83641, State Or Province: ID, Street Name: Big Foot Rd, Street Number: 8481, Street Number Numeric: 8481, Subdivision Name: 0 Not Applic., Unparsed Address: 8481 Big Foot Rd, Melba ID 83641
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: 28494010B0, Property Sub Type: Duplex, Property Type: Residential Income
Bathrooms Total Integer: 4
Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Utilities: Cable Connected
Fireplace YN: t
Foundation Details: Slab
Irrigation Source: Irrigation District: No, Water Source: Well
Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Building Details
Year Built
1960
Listing Agency:
LPT Realty
(360) 298-4624
Listed By:
Timothy Hare
Source:
Thgboise
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 5:55AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This 4,960-square-foot duplex, built in 1960, is furnished and arranged with multiple living spaces connected by separate entrances. The main level includes a kitchen with a granite island and extensive cabinetry, a bright family room, a primary suite, and private laundry located in the walk-in closet. A courtyard extends the usable living area outdoors.
The daylight basement adds three bedrooms, a second kitchen, oversized windows, and additional flexibility for occupants or extended household arrangements. The property is within a 15-minute drive of Nampa and has no HOA or CC&Rs.
The daylight basement adds three bedrooms, a second kitchen, oversized windows, and additional flexibility for occupants or extended household arrangements. The property is within a 15-minute drive of Nampa and has no HOA or CC&Rs.
Key Highlights
- 4,960‑square‑foot duplex built in 1960
- Fully furnished property with separate entrances
- Main kitchen features a granite island and abundant cabinetry
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
$71,276
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
6.48%
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%
$1,425,520
$1.4M
Cap Rate 7%
$1,018,229
$1.0M
Cap Rate 9%
$791,956
$792.0K
Market Conditions
NOI Build-Up for 4,960 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
$134.5K $27.12/SF
− Vacancy
−$4.9K −$0.99/SF
EGI
$129.6K $26.13/SF
− OpEx
−$58.3K −$11.76/SF
NOI
$71.3K $14.37/SF
Area
Canyon County, ID
Vacancy
3.66%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
45.00%
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%
$1,425,520
Cap Rate 7%
$1,018,229
Cap Rate 9%
$791,956
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$891.0K – $1.19M
NOI $71,276 @ 7.0% cap · market cap 6.48%
Second Best
Multifamily LT 5
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,477 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 83641, ID
3,627
Population
1,397
Households
2.6
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
227.1 sq mi
ZIP Area
16
Density / Sq Mi
$81,823
Median Household Income
$40,341
Median Earnings
$1,079
Median Rent
$414,700
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?
Duplex - Flexible two-level property with multiple living areas, a second kitchen, and private outdoor space.
Where is this duplex located?
The property is located at 8481 Big Foot Rd Melba, ID.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,960‑square‑foot duplex built in 1960; Fully furnished property with separate entrances; Main kitchen features a granite island and abundant cabinetry
