$949,500
SOLD JUN 30, 2025
Last list price
8 Beds
8 Baths
3,812 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$249 Per Sq Ft

84 Days on Market

About This Home

As of June 2025

This fully rented 4-plex is a prime investment opportunity in a highly sought-after location. The property features four 2-bedroom, 2-bathroom units, all professionally managed by a local property management company. Each unit boasts modern interiors along with spacious rooms filled with natural light. Tenants enjoy the convenience of in-unit washers, dryers, freestanding oven/ranges, and refrigerators. Situated minutes from downtown Meridian and with easy access to the interstate, this 4-plex offers both long-term value and immediate rental income.

Last Agent to Sell the Property

Mike Brown

Silvercreek Realty Group Brokerage Phone: 208-377-0422 Listed on: 03/24/2025

Silvercreek Realty Group

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,514

Year Built

  • Built in 2018

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 111x96
  • Irrigation

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 4 Parking Spaces

Home Design

  • 3,812 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Composition Roof

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Washer and Dryer

Schools

  • Meridian Elementary School
  • Meridian Middle School
  • Meridian High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $5,745
  • Assessor Parcel Number R9350800180

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $17,538
  • Gross Income $63,566
  • Net Operating Income $46,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,514

Year Built

Built in 2018

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Year Built: 2018
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Lot Size: 111x96
  • CapRate: 4.6
  • Ownership: Fee Simple
  • Subdivision Name: Tramore
  • Attribution Contact: 208-377-0422
  • Special Features: None

Interior Features

  • Heating: Electric, Forced Air
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Total Bedrooms: 8
  • Living Area: 3812

Exterior Features

  • Roof: Composition
  • Construction Type: Frame

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Electric: 357, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Association Fee: 260
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Meridian
  • Junior High Dist: West Ada School District
  • High School: Meridian
  • Middle Or Junior School: Meridian Middle

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Irrigation, Sidewalks
  • Parcel Number: R9350800180
  • Current Use: 2-4 Units
  • Lot Size Sq Ft: 10454.4
  • Zoning Description: City of Meridian R-15

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4513.64

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 63566
  • Property Net Operating Income: 46028
  • Annual Operating Expense: 17538
  • Total Actual Rent: 5745
  • Above Grade Finished Area Units: Square Feet

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold -- -- --
06/16/2025 06/16/25 Pending -- -- --
05/21/2025 05/21/25 Price Changed $949,500 -5.0% $249 / Sq Ft
03/24/2025 03/24/25 For Sale $999,500 +5.2% $262 / Sq Ft
12/17/2024 12/17/24 Sold -- -- --
11/24/2024 11/24/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $950,000 -13.6% $249 / Sq Ft
05/08/2024 05/08/24 Sold -- -- --
03/02/2024 03/02/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $1,099,900 +12.8% $263 / Sq Ft
08/15/2023 08/15/23 Sold -- -- --
06/30/2023 06/30/23 Pending -- -- --
06/18/2023 06/18/23 Price Changed $975,000 -9.3% $256 / Sq Ft
06/18/2023 06/18/23 For Sale $1,075,000 0.0% $282 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
06/07/2023 06/07/23 Price Changed $1,075,000 -4.4% $282 / Sq Ft
05/31/2023 05/31/23 Price Changed $1,125,000 -2.2% $295 / Sq Ft
05/21/2023 05/21/23 For Sale $1,150,000 0.0% $302 / Sq Ft
05/21/2023 05/21/23 Off Market -- -- --
05/17/2023 05/17/23 For Sale $1,150,000 -17.9% $302 / Sq Ft
05/15/2020 05/15/20 Sold -- -- --
04/23/2020 04/23/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $1,400,000 +145.6% $278 / Sq Ft
03/14/2019 03/14/19 Sold -- -- --
02/22/2019 02/22/19 Sold -- -- --
01/24/2019 01/24/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $570,000 -0.9% $150 / Sq Ft
01/22/2019 01/22/19 Sold -- -- --
10/26/2018 10/26/18 Sold -- -- --
10/16/2018 10/16/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $575,000 +4.5% $139 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $550,000 0.0% $144 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $550,000 -38.9% $144 / Sq Ft
03/27/2018 03/27/18 Sold -- -- --
12/12/2017 12/12/17 Pending -- -- --
08/24/2017 08/24/17 Price Changed $900,000 -10.0% --
03/10/2016 03/10/16 For Sale $999,900 -- --
Source: Intermountain MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- -- -- --
2023 -- -- -- --
2022 -- -- -- --
2021 -- $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Intermountain MLS

MLS Number: 98940212

Intermountain MLS

APN: R9350800280