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640 Virginia St
New Meadows, ID 83654
Multifamily Property For Sale
·
4 Units
Investment Highlights
- New Construction (2023) 4-Plex totaling 4,624 SF with four identical 2BD / 2BA units featuring modern, open-concept layouts and high-quality finishes.
- Individually Platted Parcels—each unit sits on its own 0.3-acre lot, offering resale flexibility and potential condo-style disposition.
- Fully Leased & Turn-Key providing immediate cash flow amid strong rental demand and limited new construction supply in New Meadows.
- Gourmet Kitchens in every unit, equipped with stainless steel range/oven, microwave, refrigerator, and dishwasher.
- Low-Expense Operations with energy-efficient design, separately metered utilities, snow-free interior stairways, and paved tenant parking.
- Scalable Investment Opportunity—purchase the 4-plex individually or combine with other Heartland development buildings; offered at $999,000.
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 four identical 2-bedroom / 2-bath units, each designed with modern open-concept layouts, spacious living areas, and gourmet kitchens equipped with stainless steel appliances—including range/oven, microwave, refrigerator, and dishwasher.
Each unit sits on its own 0.3-acre parcel, allowing for individual sale, long-term portfolio flexibility, or future condo-style disposition. Constructed with energy-efficient systems and separately metered utilities, the property offers simplified management and reduced operating costs. Residents enjoy snow-free, interior stairways, paved parking, and quality new-build finishes throughout.
All units are newly leased, providing immediate cash flow in a market experiencing strong rental demand and limited new construction supply. Buyers may purchase this 4-plex individually or combine it with additional buildings within the Heartland development for scale and added income stability.
Priced at $999,000, this asset provides an exceptional opportunity to acquire turn-key, fully rented, new construction in a desirable and rapidly developing Idaho location.
Each unit sits on its own 0.3-acre parcel, allowing for individual sale, long-term portfolio flexibility, or future condo-style disposition. Constructed with energy-efficient systems and separately metered utilities, the property offers simplified management and reduced operating costs. Residents enjoy snow-free, interior stairways, paved parking, and quality new-build finishes throughout.
All units are newly leased, providing immediate cash flow in a market experiencing strong rental demand and limited new construction supply. Buyers may purchase this 4-plex individually or combine it with additional buildings within the Heartland development for scale and added income stability.
Priced at $999,000, this asset provides an exceptional opportunity to acquire turn-key, fully rented, new construction in a desirable and rapidly developing Idaho location.
Property Facts Under Contract
| Price Per Unit | $230,000 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 4,624 SF |
| Cap Rate | 5.31% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 4,624 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.43/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 4,624 |
Property Taxes
| Parcel Number | RPM0140001004A | Improvements Assessment | $646,405 |
| Land Assessment | $58,649 | Total Assessment | $705,054 |
Property Taxes
Parcel Number
RPM0140001004A
Land Assessment
$58,649
Improvements Assessment
$646,405
Total Assessment
$705,054
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