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Building 35 1805 E Overland Rd 4 Unit Apartment Building $950,000 ($237,500/Unit) 4.61% Cap Rate Meridian, ID 83642
Investment Highlights
- Turnkey investment opportunity in a highly in-demand rental corridor
- Prime location just minutes from major freeway access
- Shared community amenities include a seasonal pool
- Well-maintained fourplex within an established community
- Shared community amenities include a fully furnished clubhouse
- Shared community amenities include a 24-hour fitness center
Executive Summary
A turnkey investment opportunity in one of Southeast Meridian's most in-demand rental corridors. This well-maintained fourplex sits within the established Sagecrest community, offering steady rental demand thanks to its prime location just minutes from I-84, Eagle Road, and the shopping, dining, and entertainment hubs of South Meridian. Each unit is designed for tenant appeal and low turnover, featuring functional split floor plans, full-size side-by-side washer/dryer, dishwasher, microwave, refrigerator, central air conditioning, and a private patio or balcony with extra storage. Sagecrest community's shared amenities include a fully furnished clubhouse available for resident events, a seasonal pool, 24-hour fitness center, and playground. Meridian's continued population growth and easy freeway access drive expanded demand. This fourplex presents a compelling opportunity for investors seeking reliable cash flow and long-term appreciation in a growing Treasure Valley.
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $237,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.96 AC |
| Cap Rate | 4.61% | Building Size | 3,380 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Zoning | L-O | ||
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.96 AC |
| Building Size | 3,380 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | L-O |
Amenities
Site Amenities
- Clubhouse
- Fitness Center
- Playground
- Pool
- Storage Space
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Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
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Contact the Sale Advisor
Building 35 | 1805 E Overland Rd