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Investment Highlights
- Major Area Employment Demand
- Favorable Rent-vs.-Own
- Strong Population Growth
Executive Summary
Berkadia Boise is pleased to present Breckenridge Apartments, a 160-unit, 2022-vintage garden-style community located in Nampa, Idaho — one of the fastest-growing cities in the nation.
The property offers a diverse mix of one-, two-, and three-bedroom floorplans, including traditional and townhome-style configurations, helping boost appeal to the Treasure Valley renter pool. Positioned squarely within the high-growth Nampa/Caldwell submarket of the Boise MSA, Breckenridge offers a favorable floor plan range with units sizing between 628 to 1,171 square feet. Individual units feature an elevated finish package including quartz countertops, stainless steel appliances, wood-style plank flooring, in-unit washer and dryer, private balconies or patios, and walk-in closets.
Residents enjoy a 24-hour fitness center, a clubhouse with full-service kitchen, community-wide Wi-Fi, and a dedicated on-site management and maintenance team providing around-the-clock response - amenities that compete with newer Class A product in the submarket while remaining accessible to the workforce renter demographic that defines Canyon County's demand base. The community is pet-friendly and smoke-free, broadening the eligible tenant pool while preserving the long-term quality and condition of the asset.
Breckenridge is well-positioned to benefit from the structural demand tailwinds underpinning the Treasure Valley multifamily market. Per Berkadia's Boise 2026 Multifamily Forecast Report, effective rent metro-wide is projected to increase 3.5% year-over-year by Q4 2026, outpacing the national average of 2.4%, while occupancy is forecast to hold at 94.3%. New supply has tapered sharply from its 2024 peak, with only 534 units projected to deliver metro-wide in 2026, creating favorable conditions for stabilized, high-quality assets like Breckenridge to sustain occupancy and push rents.
The property offers a diverse mix of one-, two-, and three-bedroom floorplans, including traditional and townhome-style configurations, helping boost appeal to the Treasure Valley renter pool. Positioned squarely within the high-growth Nampa/Caldwell submarket of the Boise MSA, Breckenridge offers a favorable floor plan range with units sizing between 628 to 1,171 square feet. Individual units feature an elevated finish package including quartz countertops, stainless steel appliances, wood-style plank flooring, in-unit washer and dryer, private balconies or patios, and walk-in closets.
Residents enjoy a 24-hour fitness center, a clubhouse with full-service kitchen, community-wide Wi-Fi, and a dedicated on-site management and maintenance team providing around-the-clock response - amenities that compete with newer Class A product in the submarket while remaining accessible to the workforce renter demographic that defines Canyon County's demand base. The community is pet-friendly and smoke-free, broadening the eligible tenant pool while preserving the long-term quality and condition of the asset.
Breckenridge is well-positioned to benefit from the structural demand tailwinds underpinning the Treasure Valley multifamily market. Per Berkadia's Boise 2026 Multifamily Forecast Report, effective rent metro-wide is projected to increase 3.5% year-over-year by Q4 2026, outpacing the national average of 2.4%, while occupancy is forecast to hold at 94.3%. New supply has tapered sharply from its 2024 peak, with only 534 units projected to deliver metro-wide in 2026, creating favorable conditions for stabilized, high-quality assets like Breckenridge to sustain occupancy and push rents.
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- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 13.06 AC |
| No. Units | 160 | Building Size | 165,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2022 |
| Building Class | A | ||
| Zoning | C2 (Service Commercial) | ||
| Sale Type | Investment |
| No. Units | 160 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 13.06 AC |
| Building Size | 165,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | C2 (Service Commercial) |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Family Room
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 44 | - | 628 - 722 |
| 2+2 | 98 | - | 972 - 1,014 |
| 2+2.5 | 8 | - | 1,037 |
| 3+2 | 10 | - | 1,171 |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3434500000 | Improvements Assessment | $55,800 |
| Land Assessment | $296,390 | Total Assessment | $352,190 |
Property Taxes
Parcel Number
3434500000
Land Assessment
$296,390
Improvements Assessment
$55,800
Total Assessment
$352,190
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Breckenridge Apartments | 10890 Blue River Ln
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