Renovated 7-Unit Apartment
New
For Sale
$1,299,900
911 2nd Street S, Nampa, ID 83651
Residential Income, Nampa, ID
Property Size5,327 SF
Lot Size0.16 Acres
Price / SF$244.02
Days on Market1
Property Features for 911 2nd Street S
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 5, Bathroom 3, Bathroom 7, Bedroom 5, Bathroom 2, Bedroom 2
Parking
6
Appliances
Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Subdivision
Nampa Original
Lot features
1/2 - .99 Acre, Bus on City Route, Sidewalks
Elementary school
Centennial
Middle school
West Middle Nam
High school
Nampa
Elementary school district
Nampa School District #131
Middle school district
Nampa School District #131
High school district
Nampa School District #131
Directions
N on 12th Avenue, W on 2nd
Standard status
Active
APN
13403000 0
Size
5,327 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22-3N-2W SW Nampa Original SE 1/2 Of Lts 26 & 28 Blk 31
Tax Annual Amount
5149
Legal Description
22-3N-2W SW Nampa Original SE 1/2 Of Lts 26 & 28 Blk 31
Utilities
Heating system
Ductless (Heating)
Cooling system
Zoned, Ductless
Building Details
Year built
1906
Number of units
7
Building materials
Stucco
Roof type
Composition
Listing Agency:
Coldwell Banker Tomlinson · Coldwell Banker Real Estate
(208) 336-3393
Listed By:
Edenn Jablonski · License #AB27022
(208) 869-2388
Added: Sep 2
Last Checked: Sep 2 at 11:06PM
MLS# 98999493
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 7-unit apartment property consists of separate 4-plex and 3-plex buildings on a 0.16-acre mixed-use-zoned parcel. The improvements total 5,327 square feet and date to 1906, with stucco exteriors, composition roofing, ductless heating, and zoned ductless cooling. Renovation work includes the 4-plex within the past three years and the 3-plex in 2025.
The property is located at 911 2nd Street S in Nampa, Idaho, with walkable access to downtown restaurants, retail, entertainment, and employment centers. All units include stove/range and refrigerator appliances; some units also have washer/dryer sets. The unit configuration includes four 4-bedroom units and three 3-bedroom units based on the listed room inventory.
The property is located at 911 2nd Street S in Nampa, Idaho, with walkable access to downtown restaurants, retail, entertainment, and employment centers. All units include stove/range and refrigerator appliances; some units also have washer/dryer sets. The unit configuration includes four 4-bedroom units and three 3-bedroom units based on the listed room inventory.
Key Highlights
- 7‑unit apartment property with a 4‑plex and 3‑plex configuration
- 5,327 square feet on a 0.16‑acre mixed‑use‑zoned parcel
- 4‑plex renovated within the past three years; 3‑plex renovated in 2025
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
$52,495
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
4.04%
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%
$1,049,900
$1.0M
Cap Rate 7%
$749,929
$749.9K
Cap Rate 9%
$583,278
$583.3K
Market Conditions
NOI Build-Up for 5,327 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
$101.0K $18.96/SF
− Vacancy
−$5.6K −$1.04/SF
EGI
$95.4K $17.92/SF
− OpEx
−$43.0K −$8.06/SF
NOI
$52.5K $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 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%
$1,049,900
Cap Rate 7%
$749,929
Cap Rate 9%
$583,278
Alternative Uses
Best Use
Apartment 5plus
$749.9K
$656.2K – $874.9K
NOI $52,495 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,326 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,616
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?
Apartment building - Mixed-use parcel combines a four-plex and three-plex with updated interiors and on-site appliances.
Where is this apartment building located?
The property is located at 911 2nd Street S Nampa, ID.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 7‑unit apartment property with a 4‑plex and 3‑plex configuration; 5,327 square feet on a 0.16‑acre mixed‑use‑zoned parcel; 4‑plex renovated within the past three years; 3‑plex renovated in 2025
