Breckenridge Apartments
Multifamily | Built 2022 | 160 Units
Marketing description
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.
Investment highlights
- Amazon's 650,000 SF fulfillment center in Nampa supports accelerated logistics activity and daily distribution throughout the Treasure Valley, reinforcing the city's role as a central hub for e-commerce operations. Additionally, Micron, Meta, and St Lukes Health Systems have major presence in the MSA.
- The Boise metro population is forecast to reach 1.0 million residents by 2030, growing 17.4% from 2025, a rate nearly six times the projected national growth of 3.1%. Nampa is one of the primary landing markets for this growth, with Canyon County's relative affordability continuing to attract households priced out of Ada County.
- Nearby homes have an average PITI of $2,371 versus an effective rent of $1,626 metro-wide, a $745 monthly gap. Even Class A apartments averaging $1,875 per month in Q1 2026 represent strong relative value against homeownership costs, keeping renters in the market and supporting lease renewal rates across the submarket.
- Breckenridge offers investors scale and operational efficiency within a 2022-vintage, amenity-rich product. The property's unit mix, finish level, and in-unit amenity package, particularly in-unit laundry and private outdoor space, align with what the Nampa renter demographic increasingly demands, without the rent ceiling constraints of Class A urban core product.
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