2985 N Meridian Rd Bldg I Meridian, ID $ 1,185,000
2985 N Meridian Rd Bldg I
$ 1,185,000
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2985 N Meridian Rd Bldg I

Meridian, ID, 83646
$ 1,185,000
Bedrooms10 Baths2.0 Sq 4,607

Monthly Estimate*

$ 7,393

2985 N Meridian Rd Bldg I, Meridian, ID 83646 - Image 1
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Multi-Family Home for sale in Meridian, ID

for $1,185,000 with 10 bedrooms and 2 full baths. This 4,607 square foot home was built in 2019 on a lot size of 0.14.

This fully occupied 4-plex in Maddyn Village presents an exceptional investment opportunity in a sought-after location. The building features two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, each offering modern finishes including granite countertops, a breakfast bar, and bright, spacious living areas. Every unit is equipped with a washer, dryer, freestanding oven/range, and refrigerator for added tenant convenience. Parking is abundant with one covered spot per unit plus additional uncovered spaces. Professionally managed by a local property management company, the property sits across from Settlers Park, close to The Village, and provides quick access to the interstate. With strong rental income and a prime setting, this 4-plex is a standout addition to any investment portfolio.

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Multi-Family Pending

Price

$ 1,185,000

Bedrooms

10

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,220

Style

Lot Size

0.14

Year Built

2019

Town/City

Meridian

County/Region

Ada

MLS | Web ID

98967566

Features
General
Heating Ductless/Mini Split
Cooling Ductless/Mini Split
Utilities Sewer Connected
Roof Composition
Appliances Disposal (All Units)
HOA Fee 3860
Garage Spaces 1
Construction Materials Frame
Year Built 2019
Electric 205
Property Subtype Quadruplex
Tax Year 2024
Current Use 2-4 Units
Ownership Fee Simple
Gross Income 75716
Assoc Fee Paid Per Annually
County Ada
Net Operating Income 59781
Operating Expense 15935
Property Type Residential Income
Subdivision Name Maddyn Village
Garage Y/N true
Status Pending
Directions Fairview Ave N Meridian Rd W on street after Sedgewick Dr
High School Meridian
City Meridian
High School District West Ada School District
Number Of Units Total 4
MLS Area Meridian NW - 1030
Lot Size Units Acres
Lot Size Square Feet 6098.4
Carport Y/N true
Listing Terms Cash
Elementary School River Valley
Tax Annual Amount 6220.62
Middle/Junior High School Meridian Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Middle/Junior School District West Ada School District
Elementary School District West Ada School District
Total Actual Rent 6715
Cap Rate 4.9
Legal Description Lot 20 in Block 1 of Maddyn Village Subdivision according to the plat thereof filed in Book 114 of Plats at Page(s) 16951 to 16954 records of Ada County Idaho.
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 10
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 8
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Exterior
Parking Features One Car
Lot Features Standard Lot 6000-9999 SF
Water Source City Service
Total Parking 8
Lot Size Area 0.14
Foundation Details Crawl Space
Building Area Total 4607
Lot Size Acres 0.14
Covered Spaces 1
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* Excluded Features
List By
Mike Brown

Listing Agent

Silvercreek Realty Group

Broker

mike@mikebrowngroup.com

Email

Affordability Calculator

$7,911
Per Month
93%
7%
0%
Monthly Principal & Interest
$7,393
Monthly Property Taxes
$518
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
1085576 Elementary School
0 Middle School
Meridian High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$1,185,000 Listed Price

Map


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2985 N Meridian Rd Bldg I, Meridian, ID, 83646 is a Multi-Family Home for sale at $1,185,000 with 4,607 sqft and a lot size of 0.14. 2985 N Meridian Rd Bldg I has 10 bedrooms, 2.0 baths, and was built in 2019. The property's zip code is 83646 which is in Meridian, ID