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Multifamily

Maine Ave Apartments

221 E Maine Ave, Nampa, ID 83686

Listing Price: $8,175,000

Cap Rate
4.77%
Number of Units
30
GRM
14.56
Occupancy
97.0%
Price/Unit
$272,500
Price/Gross SF
$261.32
Gross SF
31,284

Investment Overview

Marcus & Millichap is proud to present the newly built Maine Avenue Apartments located in Nampa, Idaho. Maine Avenue Apartments presents the buyer to purchase new 2023 construction in one of the most dynamic, fastest-growing markets in the nation. The property is made up of one and two-bedroom units with full amenities and in-unit washer/dryers. The units are oversized and larger than most units in the area. The location is close to shopping, Northwest Nazarene University, and Nampa High School, with easy access to Interstate 84 and the rest of the Treasure Valley (Boise, Eagle, Meridian, Nampa, Caldwell). Also, walking distance to Nampa Rec Center, Walmart, and so much more.

Nampa, Idaho, is a city located in Canyon County, part of the Boise metropolitan area. In the years leading up, Nampa experienced significant growth in its real estate market, driven by several factors. Nampa offers more affordable housing options compared to some neighboring areas, making it attractive to both first-time homebuyers and those looking to relocate. The Treasure Valley has seen some of the fastest population and rental growth in the nation for the past decade, with over 35,000 in annual population growth. Boise, the capital and largest city in Idaho, is known for its strong business climate, and limitless access to outdoor activities including hiking, fishing, skiing, rafting, and even surfing on the river. With strong job growth and affordable housing, more people continue to move in every year. For the investor tired of old buildings and tepid growth, Maine Avenue Apartments represents the opportunity to acquire a well-placed asset with strong growth potential and upside.

Please call the listing agent for tours and information.

Investment Highlights

  • April 2023 Construction | Brand New Luxury Living 30-Unit Apartment Building
  • Oversized & Attractive Unit Mix: One & Two Bedrooms With Spacious Floor Plans
  • Luxury Finishes All Around the Units: Fully Equipped Kitchens, Stainless Steal Appliances, & More
  • In-Unit Washer/Dryer & On-Site Parking
  • Conveniently Located Near Lake Lowell, Ford Idaho Center, and many More Options
  • Walking Distance From Nampa Rec Center, Walmart, Shopping & More

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Multifamily

Maine Ave Apartments

Listing Price: $8,175,000

Cap Rate
4.77%
Number of Units
30
GRM
14.56
Occupancy
97.0%
Price/Unit
$272,500
Price/Gross SF
$261.32
Gross SF
31,284

Investment Highlights

  • April 2023 Construction | Brand New Luxury Living 30-Unit Apartment Building
  • Oversized & Attractive Unit Mix: One & Two Bedrooms With Spacious Floor Plans
  • Luxury Finishes All Around the Units: Fully Equipped Kitchens, Stainless Steal Appliances, & More
  • In-Unit Washer/Dryer & On-Site Parking
  • Conveniently Located Near Lake Lowell, Ford Idaho Center, and many More Options
  • Walking Distance From Nampa Rec Center, Walmart, Shopping & More

Investment Overview

Marcus & Millichap is proud to present the newly built Maine Avenue Apartments located in Nampa, Idaho. Maine Avenue Apartments presents the buyer to purchase new 2023 construction in one of the most dynamic, fastest-growing markets in the nation. The property is made up of one and two-bedroom units with full amenities and in-unit washer/dryers. The units are oversized and larger than most units in the area. The location is close to shopping, Northwest Nazarene University, and Nampa High School, with easy access to Interstate 84 and the rest of the Treasure Valley (Boise, Eagle, Meridian, Nampa, Caldwell). Also, walking distance to Nampa Rec Center, Walmart, and so much more. Nampa, Idaho, is a city located in Canyon County, part of the Boise metropolitan area. In the years leading up, Nampa experienced significant growth in its real estate market, driven by several factors. Nampa offers more affordable housing options compared to some neighboring areas, making it attractive to both first-time homebuyers and those looking to relocate. The Treasure Valley has seen some of the fastest population and rental growth in the nation for the past decade, with over 35,000 in annual population growth. Boise, the capital and largest city in Idaho, is known for its strong business climate, and limitless access to outdoor activities including hiking, fishing, skiing, rafting, and even surfing on the river. With strong job growth and affordable housing, more people continue to move in every year. For the investor tired of old buildings and tepid growth, Maine Avenue Apartments represents the opportunity to acquire a well-placed asset with strong growth potential and upside. Please call the listing agent for tours and information.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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