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660 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 modern 2BD / 2BA units featuring open-concept layouts and spacious living areas.
- Individually Platted Units—each unit sits on its own 0.3-acre parcel, allowing individual sale, long-term flexibility, or future condo-style conversio
- Turn-Key & Fully Leased delivering immediate rental income in a high-demand market with limited new construction supply.
- Contemporary Kitchens in every unit with stainless steel appliances—range/oven, microwave, refrigerator, and dishwasher.
- Efficient, Low-Maintenance Design with energy-efficient systems, separately metered utilities, and interior snow-free stairways.
- Scalable Investment Opportunity—purchase individually or combine with additional Heartland development buildings; priced at $999,000.
EXECUTIVE SUMMARY
Presenting a newly constructed (2023) four-unit multifamily property in the growing community of New Meadows, Idaho. This 4-plex totals 4,624 SF and features four thoughtfully designed 2-bedroom / 2-bath units, each with modern open-concept layouts, spacious living areas, and contemporary kitchens equipped with stainless steel appliances, including range/oven, microwave, refrigerator, and dishwasher.
Each unit occupies its own 0.3-acre parcel, providing flexibility for individual sale, long-term investment, or potential future condo-style conversion. Built with energy-efficient systems and separately metered utilities, the property ensures simplified management and lower operating costs. Residents benefit from interior snow-free stairways, paved parking, and high-quality finishes throughout.
All units are newly leased, delivering immediate rental income in a market with strong demand and limited new construction. Buyers may acquire this 4-plex individually or combine it with other Heartland development properties for scale and additional income potential.
Priced at $999,000, this fully rented, turn-key property represents a rare opportunity to invest in new construction in a highly desirable and rapidly growing Idaho market.
Each unit occupies its own 0.3-acre parcel, providing flexibility for individual sale, long-term investment, or potential future condo-style conversion. Built with energy-efficient systems and separately metered utilities, the property ensures simplified management and lower operating costs. Residents benefit from interior snow-free stairways, paved parking, and high-quality finishes throughout.
All units are newly leased, delivering immediate rental income in a market with strong demand and limited new construction. Buyers may acquire this 4-plex individually or combine it with other Heartland development properties for scale and additional income potential.
Priced at $999,000, this fully rented, turn-key property represents a rare opportunity to invest in new construction in a highly desirable and rapidly growing Idaho market.
PROPERTY FACTS
| Price Per Unit | $249,750 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,624 SF |
| Cap Rate | 4.89% | 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 | $249,750 |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.33 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 | RPM0140001002A | Improvements Assessment | $646,405 |
| Land Assessment | $63,563 | Total Assessment | $709,968 |
PROPERTY TAXES
Parcel Number
RPM0140001002A
Land Assessment
$63,563
Improvements Assessment
$646,405
Total Assessment
$709,968
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