Description
Turnkey Multi-Family Investment Opportunity Rare opportunity to own a unique income-producing property at 483 1st St N in Nampa. Unlike a traditional fourplex, this property features four detached residential units on one parcel, offering tenants greater privacy and a single-family-home feel that helps drive strong occupancy and tenant retention. The property consists of three 1-bedroom, 1-bath units and one 3-bedroom, 1-bath home. Fully leased with new one-year leases in place, this investment provides immediate and stable cash flow from day one Investment highlights include a 5.8% cap rate, 100% occupancy, strong rental history, diverse unit mix, and excellent long-term appreciation potential. Conveniently located near downtown Nampa, shopping, dining, schools, parks, and major commuter routes, the property benefits from strong rental demand in one of Idaho's fastest-growing markets. An ideal opportunity for investors seeking a turnkey asset, portfolio expansion, or a 1031 exchange replacement property
Details
| MLS # | 98991244 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 63 |
| Listing Provided By | Silvercreek Realty Group | Kirsten Carlson |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,032 |
| Units | 4 |
| Zoning | Light Industrial/ SFR |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Baseboard, Wall Furnace |
| Heating Yes / No | Yes |
| Appliances | Stove/Range (All Units), Refrigerator (All Units) |
| Flooring | Laminate, Vinyl |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | 1/2 - .99 Acre |
| Construction Materials | Wood Siding |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Gas | Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 2550 |
| Tax Legal Description | 22-3N-2W Nw Nampa City Acres 3 Lot 27 Less Nw 5' Of Ne 65' Blk 16 |
Area Information
| State | ID |
|---|---|
| County | Canyon |
| City | Nampa |
| Zip Code | 83651 |
| Area | Canyon |
| School District | Nampa School District #131 |
| Elementary School | Snake River |
| High School | Columbia |
| Listing VS Median (in 83651) | |
Price: $675,000 low | high Med: $425,995 sqft: 2,032 low | high Med: 1,770 $ / sqft: $332 low | high Med: $241 On site: 63 low | high Med: 53 | |
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Learn More About This Property
| State | ID |
|---|---|
| County | Canyon |
| City | Nampa |
| Zip Code | 83651 |
| Area | Canyon |
| School District | Nampa School District #131 |
| Elementary School | Snake River |
| High School | Columbia |
| Listing VS Median (in 83651) | |
Price: $675,000 low | high Med: $425,995 sqft: 2,032 low | high Med: 1,770 $ / sqft: $332 low | high Med: $241 On site: 63 low | high Med: 53 | |
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