Description
Prime investment opportunity in the heart of Downtown Meridian! This well-maintained 4-plex offers a rare blend of location, stability, and upgradeswith no HOA. Units have been tastefully renovated over past few years, featuring updated finishes that tenants love. Major systems are in great condition, including a newer roof, new water heaters in 2024, and new AC units in most units, reducing maintenance costs and boosting long-term value. This property has a remarkable rental history with excellent long-term tenants and zero vacancy for the past 7 years, offering peace of mind and consistent cash flow. Located steps from Meridian’s dining, shopping, parks, and future growth, it’s ideal for investors seeking a turnkey asset in one of the Treasure Valley’s most desirable locations. Whether you’re adding to your portfolio or seeking a dependable income-producing property, this 4-plex checks every box. Don’t miss this chance to own a strong performer in an unbeatable location!
Details
| MLS # | 98991030 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1978 |
| Days On Site | 64 |
| Listing Provided By | Aspire Realty Group | Easton Napiontek |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,360 |
| Units | 4 |
Interior
| Cooling | Central Air, All Units |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Appliances | Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units) |
| Laundry Features | Washer/Dryer Hookups (All Units) |
Exterior
| Roof | Composition, Rolled/Hot Mop |
|---|---|
| Lot Features | Standard Lot 6000-9999 SF, Sidewalks |
| Construction Materials | Frame |
Parking
| Parking Features | Finished Driveway |
|---|
Utilities
| Utilities | Sewer Connected |
|---|---|
| Electric | Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter |
| Gas | Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 3591.14 |
| Tax Legal Description | PAR #8085 OF NW4SE4 SEC 12 3N 1W |
Area Information
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83642 |
| Area | Ada |
| School District | West Ada School District |
| Elementary School | Meridian |
| High School | Meridian |
| Listing VS Median (in 83642) | |
Price: $849,900 low | high Med: $609,945 sqft: 3,360 low | high Med: 2,221 $ / sqft: $253 low | high Med: $284 On site: 64 low | high Med: 74 | |
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Learn More About This Property
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83642 |
| Area | Ada |
| School District | West Ada School District |
| Elementary School | Meridian |
| High School | Meridian |
| Listing VS Median (in 83642) | |
Price: $849,900 low | high Med: $609,945 sqft: 3,360 low | high Med: 2,221 $ / sqft: $253 low | high Med: $284 On site: 64 low | high Med: 74 | |