Estimated payment $9,643/month
Incredible 2.4-acre development opportunity located in an Idaho Opportunity Zone, offering potential tax advantages for investors/developers. The site is fully entitled with R-40 zoning and a 2-year Conditional Use Permit (with extension options) to build 36 apartment units across three-story buildings with 73 parking spaces. City water, sewer, electrical, and pressurized irrigation are available at the property. The approved site plan and entitlements reduce both design time and development risk, allowing a buyer to move quickly toward construction. Ideally located at Franklin and Locust Grove, within a 5-minute drive to the freeway, The Village at Meridian, St. Luke’s Hospital, Storey Park, schools, shopping, and less than 1/4 mile from a transit stop. This is a rare chance to step into a ready-to-build project in one of Meridian’s most accessible and growing areas.
Last Listed By
Idaho Life Real Estate Brokerage Phone: 208-631-6930 Listed on: 06/05/2025
Property Type
Est. Annual Taxes
Year Built
Lot Details
Utilities
Listing and Financial Details
| 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 | $1,844 | $328,700 | -- | -- |
| 2023 | $1,844 | $343,100 | $0 | $0 |
| 2022 | $3,954 | $744,800 | $0 | $0 |
| 2021 | $4,202 | $592,000 | $0 | $0 |
| 2020 | $3,365 | $403,700 | $0 | $0 |
| 2019 | $4,096 | $378,700 | $0 | $0 |
| 2018 | $3,846 | $329,500 | $0 | $0 |
| 2017 | $3,682 | $298,400 | $0 | $0 |
| 2016 | $3,591 | $279,900 | $0 | $0 |
| 2015 | $3,311 | $264,900 | $0 | $0 |
| 2012 | -- | $80,000 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $1,700,000 | +296.4% | -- |
| 11/08/2019 11/08/19 | Sold | -- | -- | -- |
| 08/14/2019 08/14/19 | Price Changed | $428,900 | 0.0% | $149 / Sq Ft |
| 08/14/2019 08/14/19 | For Sale | $428,900 | +3.3% | $149 / Sq Ft |
| 04/04/2019 04/04/19 | Pending | -- | -- | -- |
| 03/07/2019 03/07/19 | For Sale | $415,000 | 0.0% | $144 / Sq Ft |
| 01/31/2019 01/31/19 | Pending | -- | -- | -- |
| 01/23/2019 01/23/19 | For Sale | $415,000 | -- | $144 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Pioneer Title | |
| Quit Claim Deed | -- | Pioneer Title | |
| Quit Claim Deed | -- | Pioneer Title | |
| Quit Claim Deed | -- | Pioneer Title | |
| Interfamily Deed Transfer | -- | Alliance Ttl Boise Productio | |
| Warranty Deed | -- | Pioneer Title Co Of Ada Cnty | |
| Warranty Deed | -- | Pioneer Title Co Of Ada Cnty | |
| Warranty Deed | -- | Titleone Boise |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $543,000 | New Conventional | |
| Previous Owner | $190,000 | New Conventional | |
| Previous Owner | $185,600 | Future Advance Clause Open End Mortgage |
$1,590,000
Great opportunities, potential development Land. 3 bed, 1 bathroom 1224 sq. ft. House (Built in 1900)- house do's not have occupancy permit at this time, with few outbuilding with little to no value. This property current zoning is RUT Ada county. Property Located in City of Meridian and property will be medium density.This parcel is strategically located in Meridian ideal for 4 to 8 units per
Okhee Chang LPT Realty
Source: Intermountain MLS
MLS Number: 98949803
APN: S1118110051
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