For Sale
$3,500,000

16090 Merchant Way Nampa, ID 83687

12-unit, Class A apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A, 12-unit apartment building presents a compelling investment opportunity in Nampa, Idaho. Located at 16090 N Merchant Way, this 2021-built property boasts a total of 12,241 square feet situated on a 0.61-acre lot. The building comprises three stories and features a mix of six one-bedroom, one-bathroom units and six three-bedroom, two-bathroom units, all currently enjoying 100% occupancy. The property's strong financial performance is reflected in its $3,500,000 asking price, a $285.92 price per square foot, and a noteworthy $177,015 Net Operating Income (NOI), resulting in a 5.06% capitalization rate. Each unit commands a price of $291,666.67. Conveniently located near the I-84 Karcher Road exit/entrance, this property benefits from proximity to Costco, various grocery stores, restaurants, and entertainment venues. An on-site office adds to the property's operational efficiency. This is a turnkey investment ready for immediate income generation. The building's modern design and prime location ensure strong rental demand and long-term value appreciation. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Idaho market.

Highlights

  • $3,500,000 asking price for this Class A, 12-unit apartment building.
  • 12,241 square feet, offering a price per square foot of $285.92.
  • 5.06% cap rate with a Net Operating Income (NOI) of $177,015 and 100% occupancy.
  • Located at 16090 N Merchant Way, Nampa, ID 83687, on a 0.61-acre lot.
  • Built in 2021, this three-story building features a mix of one- and three-bedroom units.
  • $291,667 price per unit.

Property Details for 16090 Merchant Way

Property type
Apartment buildings
Square Feet
12,241 SF
Class
A
Year Built
2021
Buildings
1
Stories
3
Lot Size (sq. ft)
26,572 SF
Units
12

Location Insight

City
Nampa
County
Canyon
State
Idaho
Latitude
43.606345029989
Longitude
-116.59109503965

FAQs

What type of property is this?
Apartment building - 12-unit, Class A apartment building, 100% occupied.
Where is the apartment building located?
The property is located at 16090 Merchant Way Nampa, ID.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: $3,500,000 asking price for this Class A, 12-unit apartment building.; 12,241 square feet, offering a price per square foot of $285.92.; 5.06% cap rate with a Net Operating Income (NOI) of $177,015 and 100% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
16090 Merchant Way
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message