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Ember Apartments - 14 Units in Payette, ID 1800 7th Ave N 14 Unit Apartment Building $2,800,000 ($200,000/Unit) 6.10% Cap Rate Payette, ID 83661
Executive Summary
This newly constructed 14-unit multifamily complex was designed with modern efficiency, high-quality finishes, and long-term durability. The property already has established a strong profitable rental history, making it ideal for both seasoned and first-time multifamily investors. The Ember Apartment complex features fourteen 2 bedroom, 2 bath units that are 963 sq ft each.
Key Features
•High-Quality Materials & Craftsmanship
•Energy-Efficient HVAC, Windows, & Insulation
•Low-Maintenance Exterior & Landscaping
•Fire-Suppression Systems, Security Entry Points, & LED lighting throughout
Interior Highlights
•Contemporary Open Floor Layouts
•Stainless Steel Appliances
•In-Unit Laundry (Upstairs Units Include Washers & Dryers)
•Quartz Countertops
•Quality Laminate Flooring & Plush Carpet
Income & Financials
•Stabilized Occupancy: Consistently Strong Since Completion
•Low Operating Costs: Thanks to New-Build Efficiencies & Warranties
•Current Monthly Gross Rent: (See Flyer)
•Projected Cap Rate: 6.1%
Key Features
•High-Quality Materials & Craftsmanship
•Energy-Efficient HVAC, Windows, & Insulation
•Low-Maintenance Exterior & Landscaping
•Fire-Suppression Systems, Security Entry Points, & LED lighting throughout
Interior Highlights
•Contemporary Open Floor Layouts
•Stainless Steel Appliances
•In-Unit Laundry (Upstairs Units Include Washers & Dryers)
•Quartz Countertops
•Quality Laminate Flooring & Plush Carpet
Income & Financials
•Stabilized Occupancy: Consistently Strong Since Completion
•Low Operating Costs: Thanks to New-Build Efficiencies & Warranties
•Current Monthly Gross Rent: (See Flyer)
•Projected Cap Rate: 6.1%
Property Facts
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Size | 13,482 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.10% | No. Stories | 2 |
| No. Units | 14 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.15/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Size | 13,482 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.15/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Handrails
- Island Kitchen
- Linen Closet
- Patio
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | $1,450 | 963 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Presented by
Rywest Homes Inc
Ember Apartments - 14 Units in Payette, ID | 1800 7th Ave N
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