1475 E Franklin Rd Meridian, ID 83642
Southeast Meridian NeighborhoodEstimated payment $9,193/month
About This Lot
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.
Listing Agent
Idaho Life Real Estate Brokerage Phone: 208-631-6930 Listed on: 06/05/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,636
Lot Details
- 2.39 Acre Lot
- Level Lot
Utilities
- Underground Utilities
- Natural Gas Not Available
- Sewer Applied For Permit
Listing and Financial Details
- Assessor Parcel Number S1118110051
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,636 | $344,200 | -- | -- |
| 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 |
Property History
| 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 |
Purchase History
| 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 |
Mortgage History
| 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 |
Source: Intermountain MLS
MLS Number: 98949803
APN: S1118110051
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