Nampa, ID 83651 412 15th Ave S
$650,000
2 more
Presented By: Coldwell Banker Tomlinson - 208-336-3393
Beds • 6
Baths • 4
SQFT • 2,928
Home Details
Excellent opportunity to own an 8% CAP rate four-plex less than a mile from Northwest Nazarene University, city parks, and old town Nampa shopping and restaurants. While the property is fully-rented at this time, one unit is coming up for renewal this summer, creating an immediate opportunity for an owner-occupant to purchase the building and self-manage the property for even higher returns. The other three units are leased through January 2026. This property is in turn-key condition with many recent updates. The floor plan features three one-bedroom units on the main floor and one three-bedroom unit in the basement. Property video available upon request. The owner is willing to continue managing the property for 8% of the gross rent per month. BTVAI. No sign on property, please do not disturb tenants.
Presented By: Coldwell Banker Tomlinson - 208-336-3393
Interior Features for 412 15th Ave S
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths4
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Basement (Y/N)No
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes
General for 412 15th Ave S
Additional Parcels Y/NNo
AppliancesDisposal (No Units), Stove/Range (All Units), Refrigerator (All Units)
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate8
Carport Y/NNo
CityNampa
Construction MaterialsFrame, Wood Siding
CoolingWall/Window Unit(s)
CountyCanyon
Current UseSingle Family
Directions16th Ave S, W on 4th St, S on 15th Ave S
ElectricUnit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
Elementary SchoolCentral
Elementary School DistrictNampa School District #131
FreeholdIDX, BBO
Garage Y/NNo
Gross Income66120
HOANo
HOA Fee$
HeatingElectric
High SchoolSkyview
High School DistrictNampa School District #131
Home Warranty Y/NNo
Land Lease Y/NNo
LeasableAreaUnitsSquare Feet
Legal Description27-3N-2W NE Nampa Original Lt 54 Blk 63
Listing TermsCash, Conventional, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet6969.6
Lot Size UnitsAcres
MLS AreaNampa NE (87) - 1250
Middle/Junior High SchoolWest Middle Nam
Middle/Junior School DistrictNampa School District #131
ModificationTimestamp2025-06-27T06:01:48.800Z
Net Operating Income54288
New ConstructionNo
Number Of Units Total4
Operating Expense11832
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Showing InstructionsMust Accompany Showing, DRIVE BY ONLY. No showings without accepted offer.
Standard StatusActive
StatusActive
Subdivision Name0 Not Applic.
Tax Annual Amount3275.93
Tax Year2024
Total Actual Rent5510
UtilitiesSewer Connected
Year Built1938
Exterior for 412 15th Ave S
Building Area Total2928
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions140x50
Lot FeaturesStandard Lot 6000-9999 SF, Bus on City Route, R.V. Parking, Sidewalks
Lot Size Acres0.16
Lot Size Area0.16
Parking FeaturesRV Access/Parking
SpaNo
Total Parking8
Water SourceCity Service
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
West Middle Nam
High School
Skyview High School
Elementary School
Central Elementary School
Jesus Yerena Delgado
Agent
ES 
EN