4420 W Franklin Rd
Meridian, ID 83642
Meridian Multifamily Development Opportunity · Land For Sale
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11.38 AC
Investment Highlights
- Entitled and approved for 122 detached townhomes.
- Housing shortage: Capitalize on contracting multifamily supply in Meridian.
- Ready-to-build: 3 level parcels, all utilities to site.
- Strong market with high rental demand.
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 11.38 AC |
| Zoning | R-15 - Residential | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 11.38 AC |
| Zoning | R-15 - Residential |
Description
CBRE, Inc has been retained as the exclusive advisor to present Multifamily Development Opportunity in Meridian Idaho. This site consists of 11.38 total acres entitled for a townhome community approved for the development of 122 detached townhome dwellings. This site is a total of 3 parcels on level lots with utilities to the site. Prime Development Opportunity in a Growing Market. This fully entitled townhome site presents a compelling investment for multifamily developers. Meridian is experiencing robust population and economic growth, driving strong demand for rental housing. The development pipeline is currently contracting. Multifamily deliveries have decreased by 60% in 2024 and 66% YTD in 2025 from the peak. Planned starts for 2026 are projected to be under 800 units. This site offers a strategic advantage, allowing for timely project delivery to capitalize on the existing supply gap and favorable market conditions.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $3,329,100 |
Property Taxes
