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Listed with Congress Realty, Inc
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This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the "smart-home package" currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.
| DAYS ON MARKET | 30 | LAST UPDATED | 10/26/2025 |
|---|---|---|---|
| TRACT | Non Applicable | YEAR BUILT | 2021 |
| COMMUNITY | Meridian SE - 1000 | GARAGE SPACES | 1.0 |
| COUNTY | Ada | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Chaparral |
|---|---|
| Jr. High School | Meridian Middle |
| High School | Meridian |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Disposal, Range, Refrigerator |
| AREA | Meridian SE - 1000 |
| CONSTRUCTION | Stone, Stucco |
| GARAGE | Yes |
| HEAT | Natural Gas |
| HOA DUES | 816|Monthly |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 70x84 |
| SUBDIVISION | Non Applicable |
| TAXES | 5082 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| SATELLITE VIEW |
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