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620 Virginia St
New Meadows, ID 83654
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- New Construction (2023) 4-Plex totaling 4,624 SF with modern, open-concept floor plans in the growing New Meadows community
- Individually Platted Parcels—each unit sits on its own 0.3-acre lot, allowing flexible resale options or future condo-style disposition.
- Efficient & Low-Maintenance design with separately metered utilities, energy-efficient systems, paved parking, and snow-free interior stairways.
- Four 2-Bed Units featuring gourmet kitchens with stainless steel appliances; one unit upgraded to ADA-compliant 2BD / 1.5BA for inclusive, long-term r
- Turn-Key Investment with all units newly leased, providing immediate cash flow in a market with strong rental demand and limited new construction
- Scalable Opportunity—purchase this 4-plex alone or combine with additional Heartland development buildings to grow income and operational efficiency;
EXECUTIVE SUMMARY
Introducing a newly built (2023) four-unit multifamily property located in the growing community of New Meadows, Idaho. This 4-plex totals 4,624 SF and features modern, open-concept living throughout—originally designed as four 2-bed / 2-bath units with spacious layouts and gourmet kitchens equipped with stainless steel appliances, including range/oven, microwave, refrigerator, and dishwasher.
One of the units has been thoughtfully modified to provide 2 bedrooms and 1.5 bathrooms and is fully compliant with ADA accessibility laws and regulations, offering inclusive housing and broadening the property’s long-term rental appeal.
Each unit sits on its own 0.3-acre parcel, allowing for individual resale options, long-term portfolio flexibility, or future condo-style disposition. Constructed with energy-efficient systems and separately metered utilities, the property supports streamlined management and reduced operating expenses. Residents benefit from snow-free interior stairways, paved parking, and high-quality new-build finishes throughout.
All units are newly leased, delivering immediate cash flow in a market defined by strong rental demand and minimal new construction supply. Buyers may purchase this 4-plex individually or combine it with additional buildings within the Heartland development to increase scale, income stability, and operational efficiency.
Offered at $999,000, this property represents an exceptional opportunity to acquire turn-key, fully rented new construction in one of Idaho’s most desirable and rapidly developing communities
One of the units has been thoughtfully modified to provide 2 bedrooms and 1.5 bathrooms and is fully compliant with ADA accessibility laws and regulations, offering inclusive housing and broadening the property’s long-term rental appeal.
Each unit sits on its own 0.3-acre parcel, allowing for individual resale options, long-term portfolio flexibility, or future condo-style disposition. Constructed with energy-efficient systems and separately metered utilities, the property supports streamlined management and reduced operating expenses. Residents benefit from snow-free interior stairways, paved parking, and high-quality new-build finishes throughout.
All units are newly leased, delivering immediate cash flow in a market defined by strong rental demand and minimal new construction supply. Buyers may purchase this 4-plex individually or combine it with additional buildings within the Heartland development to increase scale, income stability, and operational efficiency.
Offered at $999,000, this property represents an exceptional opportunity to acquire turn-key, fully rented new construction in one of Idaho’s most desirable and rapidly developing communities
PROPERTY FACTS
| Price Per Unit | $249,750 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.89% | Building Size | 4,624 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price Per Unit | $249,750 |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 4,624 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 4,624 |
PROPERTY TAXES
| Parcel Number | RPM0140001003A | Improvements Assessment | $646,405 |
| Land Assessment | $66,970 | Total Assessment | $713,375 |
PROPERTY TAXES
Parcel Number
RPM0140001003A
Land Assessment
$66,970
Improvements Assessment
$646,405
Total Assessment
$713,375
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