STABILITY AND LONG TERM VALUE - Rare opportunity to acquire a stabilized, turnkey 8-unit multifamily complex in one of the Pacific Northwest’s fastest growing corridors. - 100% Occupied, providing immediate and consistent cash flow with a proven track record of zero vacancy and strong tenant retention. - Built in 2018 and features high-quality architectural standards with Class "A" appeal, reducing near-term capital expenditure requirements. STRATEGIC LOCATION & DEMOGRAPHICS - Located in the high-growth Meridian corridor in the heart of the Treasure Valley, one of the fastest-growing metro areas in the United States. - The property is located just minutes from The Village at Meridian, premier retail centers, top-rated schools, and major employment centers. - Strategically positioned to capture the influx of professionals seeking luxury suburban living with urban convenience. SUPERIOR ASSET COMPOSITION - Large-scale modern layouts with floor plans ranging from 1,186 SF to 1,387 SF, outperforming standard mar
Multi-familyProperty Type
2018Year Built
$218Price/Sq.Ft.
$1,083/moHOA Dues
1 garage spacesParking
Listed by Drey Campbell• Lee & Associates Idaho LLC
•208-343-2300 (broker)
•mattm@leeidaho.com (broker)
Contact: Main: 208-343-2300
Bought with David Ballew• Keller Williams Realty Boise
This fully occupied 4-plex in Maddyn Village presents an exceptional investment opportunity in a sought-after location. The building features two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, each offering modern finishes including granite countertops, a breakfast bar, and bright, spacious living areas. Every unit is equipped with a washer, dryer, freestanding oven/range, and refrigerator for added tenant convenience. Parking is abundant with one covered spot per unit plus additional uncovered spaces. Professionally managed by a local property management company, the property sits across from Settlers Park, close to The Village, and provides quick access to the interstate. With strong rental income and a prime setting, this 4-plex is a standout addition to any investment portfolio.
IMLS #98940213
Jun 30, 2025
Sold
*
Jun 16, 2025
Pending
—
May 21, 2025
Price Changed
$1,150,000
$114/sq ft
Mar 24, 2025
Listed
$1,198,000
$118/sq ft
This fully occupied 4-plex in Maddyn Village is a fantastic investment opportunity in a highly desirable location. The property includes two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, all featuring modern interiors with granite countertops, a breakfast bar, and spacious, light-filled rooms. Each unit comes equipped with a washer, dryer, freestanding oven/range, and refrigerator for tenant convenience. Parking is plentiful, with one covered space per unit and additional uncovered spots available. Professionally managed by a local property management company, this property is situated across from Settlers Park, near The Village, and offers easy access to the interstate. With reliable rental income and a prime location, this 4-plex is an excellent addition to any investment portfolio.
APPFOLIO #7
Apr 10, 2025
Rental Removed
$1,550
$0/sq ft
Apr 5, 2025
Price Changed
$1,275
$0/sq ft
Apr 4, 2025
Price Changed
$1,295
$0/sq ft
Apr 3, 2025
Price Changed
$1,325
$0/sq ft
Mar 29, 2025
Price Changed
$1,349
$0/sq ft
Mar 21, 2025
Listed for Rent
$1,395
$0/sq ft
APPFOLIO #6
Apr 16, 2025
Rental Removed
$1,550
$0/sq ft
Apr 10, 2025
Price Changed
$1,550
$0/sq ft
Apr 4, 2025
Price Changed
$1,589
$0/sq ft
Mar 29, 2025
Price Changed
$1,625
$0/sq ft
Mar 25, 2025
Price Changed
$1,650
$0/sq ft
Mar 21, 2025
Listed for Rent
$1,675
$0/sq ft
APPFOLIO #5
Sep 1, 2024
Rental Removed
$1,499
$0/sq ft
Aug 29, 2024
Listed for Rent
$1,499
$0/sq ft
Aug 14, 2024
Rental Removed
$1,595
$0/sq ft
Aug 8, 2024
Listed for Rent
$1,595
$0/sq ft
Jul 20, 2024
Rental Removed
$1,595
$0/sq ft
Jun 20, 2024
Listed for Rent
$1,595
$0/sq ft
APPFOLIO #4
Mar 27, 2024
Rental Removed
$1,625
$0/sq ft
Mar 26, 2024
Listed for Rent
$1,625
$0/sq ft
APPFOLIO #3
Mar 27, 2024
Rental Removed
$1,625
$0/sq ft
Mar 19, 2024
Listed for Rent
$1,695
$0/sq ft
APPFOLIO #2
Mar 14, 2024
Rental Removed
$1,550
$0/sq ft
Feb 2, 2024
Price Changed
$1,550
$0/sq ft
Jan 25, 2024
Listed for Rent
$1,575
$0/sq ft
APPFOLIO #1
Jan 20, 2024
Rental Removed
$1,450
$0/sq ft
Jan 4, 2024
Price Changed
$1,450
$0/sq ft
Dec 25, 2023
Listed for Rent
$1,475
$0/sq ft
IMLS #98829251
Mar 14, 2022
Sold
*
Jan 16, 2022
Pending
—
Jan 13, 2022
Listed
$1,300,000
$129/sq ft
IMLS #98829252
Mar 14, 2022
Sold
*
Jan 16, 2022
Pending
—
Jan 13, 2022
Listed
$1,300,000
$129/sq ft
IMLS #98829011
Mar 31, 2022
Sold
*
Jan 17, 2022
Pending
—
Jan 10, 2022
Listed
$1,300,000
$129/sq ft
IMLS #98829012
Feb 25, 2022
Sold
*
Jan 13, 2022
Pending
—
Jan 10, 2022
Listed
$1,300,000
$129/sq ft
IMLS #98829013
Feb 25, 2022
Sold
*
Jan 13, 2022
Pending
—
Jan 10, 2022
Listed
$1,300,000
$129/sq ft
IMLS #98829014
Jan 10, 2022
Listing Removed
—
Jan 10, 2022
Listed
$3,900,000
$386/sq ft
IMLS #98750661
Mar 11, 2019
Sold
*
Oct 30, 2018
Listed
$1,240,000
$123/sq ft
IMLS #98750660
Oct 15, 2018
Listed
$620,000
$61/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Ada County
APN
R5430950600
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 30, 2023.
R-15
Medium High-Density Residential District
The purpose of the residential districts is to provide for a range of housing opportunities consistent with the Meridian Comprehensive Plan. Residential districts are distinguished by the dimensional standards of the corresponding zone and housing types that can be accommodated.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Park & open space
Property details
Parking
Parking Information
Total Parking: 8
Interior
Heating & Cooling
Heating: No
Multi-Unit Information
# of Units: 8
Exterior
Building Information
Year Built: 2,018
Property Information
Property Subtype: Apartment
Lot Information
Lot Features: 10000SF - .49
Zoning Description: R-15
Current Use: 5+ Units
Land Information
Lot Features: 10000SF - .49
Financial
Tax Information
Annual Taxes: $10,807
Parcel Number: R5430950360
Tax Year: 2,025
Location
HOA Information
Association Fee: $1,083
Monthly
School Information
Elementary School: River Valley
Elementary School District: West Ada School District
Middle or Junior High School: Meridian Middle
Middle or Junior High School District: West Ada School District
High School: Meridian
High School District: West Ada School District
Location Information
Directions: Follow I-84 E to Meridian. Take exit 44 from I-84 E. Head southeast on I-84 E. Take exit 44 for ID-69 S toward Meridian/Kuna. Use the left 2 lanes to turn slightly left onto the ramp to S Meridian Rd. Take S Main St and N Meridian Rd to your destination. Use any lane to turn left onto S Meridian Rd. Continue onto S Main St. Use any lane to turn slightly left onto N Main St/N Meridian Rd/To Meridian Rd. Turn left. Turn right.
Meridian NW - 1030
Subdivision Name: Maddyn Village
Community Information
Subdivision Name: Maddyn Village
MLS Area Major: Meridian NW - 1030
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Ada County
APN: R5430950600
Home facts updated by county records on Sep 30, 2023
Other
Listing Information
Broker Attribution Contact: Main: 208-343-2300
MLS ID: 98979533
Around this home
Schools
Chief Joseph Elementary School
Public PreK-5 • Assigned • 0.8mi
8/10
Meridian Middle School
Public 6-8 • Assigned • 1.5mi
6/10
Meridian High School
Public 9-12 • Assigned • 1.6mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
12 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Meridian, ID • 83646
Average low and high temperatures (°F)
41
26
48
30
61
38
65
41
78
50
83
55
92
63
90
61
83
55
67
43
53
35
45
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.