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3850 W Chair Lift Ln Meridian, ID $ 1,200,000
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3850 W Chair Lift Ln
$ 1,200,000
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3850 W Chair Lift Ln

Meridian, ID, 83642
$ 1,200,000
Bedrooms12 Baths2.1 Sq 7,060

Monthly Estimate*

$ 7,486

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Multi-Family Home for sale in Meridian, ID

for $1,200,000 with 12 bedrooms and 2 full baths, 1 half bath. This 7,060 square foot home was built in 2021 on a lot size of 0.14.

This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

12

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,082

Style

Lot Size

0.14

Year Built

2021

Town/City

Meridian

County/Region

Ada

MLS | Web ID

98964111
Features
General
Heating Natural Gas
Cooling Central Air
Utilities Sewer Connected
Roof Composition
Appliances Disposal (All Units)
HOA Fee 816
Garage Spaces 1
Construction Materials Stucco
Year Built 2021
Property Subtype Quadruplex
Tax Year 2024
Current Use 2-4 Units
Ownership Fee Simple
Gross Income 87000
Assoc Fee Paid Per Monthly
County Ada
Net Operating Income 24199
Property Type Residential Income
Subdivision Name Non Applicable
Garage Y/N true
Status Active
Directions Cross street: Franklin RD
High School Meridian
City Meridian
High School District West Ada School District
Number Of Units Total 4
MLS Area Meridian SE - 1000
Lot Size Units Acres
Lot Size Square Feet 6098.4
Carport Y/N false
Listing Terms Cash
Elementary School Chaparral
Tax Annual Amount 5082
Middle/Junior High School Meridian Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District West Ada School District
Elementary School District West Ada School District
Total Actual Rent 8770
Legal Description LOT 12 BLK 02 ENTRATA FARMS SUB NO 01
LeasableAreaUnits Square Feet
Freehold IDX
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Interior
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer/Dryer Hookups (All Units)
Total Bedrooms 12
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 12
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Exterior
Parking Features One Car
Lot Features Small Lot 5999 SF
Water Source City Service
Total Parking 1
Lot Size Area 0.14
Building Area Total 7060
Lot Dimensions 70x84
Lot Size Acres 0.14
Covered Spaces 1
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* Excluded Features
List By
Jared English

Listing Agent

Congress Realty, Inc

Broker

english@congressrealty.com

Email

Affordability Calculator

$7,910
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$424
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3249160 Elementary School
0 Middle School
Meridian High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/15/2025$1,200,000 -2.04% Price Down
10/8/2025$1,225,000 Listed Price

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3850 W Chair Lift Ln, Meridian, ID, 83642 is a Multi-Family Home for sale at $1,200,000 with 7,060 sqft and a lot size of 0.14. 3850 W Chair Lift Ln has 12 bedrooms, 2.1 baths, and was built in 2021. The property's zip code is 83642 which is in Meridian, ID

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