For Sale
$3,500,000

16090 Merchant WayNampa, ID 83687

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

Overview

Added:
Dec 11, 2024
Days on market:
117
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
16090 Merchant Way, Nampa, Idaho

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16090 Merchant Way
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