Residential Income Home with Open Floor
1653 E Horse Creek Ct Meridian, ID 83642
1653 E Horse Creek Ct, Meridian, ID, 83642
$404,900
For Sale
$404,900
MULTI_FAMILY - Meridian, ID
Property Size1,620 SF
Price / SF$249.94
Days on Market33
Property Features for 1653 E Horse Creek Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
- Parking
- 2
- Fireplace
- 1
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
- Standard status
- Active
- APN
- R946591070
- Size
- 1,620 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- lot 6 blk 2 Wind Walker Sub
- Tax Annual Amount
- 1914
Utilities
- Heating system
- Fireplace(s), Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2014
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Frame, Stucco
- Roof type
- Composition
Listing Agency
Keller Williams Realty Boise
(208) 672-9000
1065 S Allante, Boise, ID
Listed by
Terri Schroeder · License #SP16518
(208) 867-1025
Added: Jun 19 Updated: Jul 20 at 11:45 am Checked: Jul 21 at 5:06 am
MLS# 98991033
Listing URL
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained residential income home features an open floor plan, a beautiful kitchen, and large bedrooms. The spacious primary suite includes a full tile master bath with flooring throughout, designed for comfort and everyday usability. With 1,620 square feet of living space, the home offers a straightforward, functional layout for day-to-day living.
Located at 1653 E Horse Creek Ct in Meridian, Idaho 83642, the property is supported by an HOA that covers common areas. The HOA also handles lawn maintenance, tree care, exterior water and sprinklers, and snow removal, along with exterior landscaping, which can help reduce routine upkeep for residents.
For buyers looking at a residential income asset, the combination of an open interior layout, large bedrooms, and a tile primary bath can appeal to a range of household needs. For owner-occupants, the HOA-managed exterior responsibilities offer a more “lock and go” style of living, with landscaping and snow removal handled off-site, while the home’s interior updates and spacious primary suite support comfortable daily use.
Located at 1653 E Horse Creek Ct in Meridian, Idaho 83642, the property is supported by an HOA that covers common areas. The HOA also handles lawn maintenance, tree care, exterior water and sprinklers, and snow removal, along with exterior landscaping, which can help reduce routine upkeep for residents.
For buyers looking at a residential income asset, the combination of an open interior layout, large bedrooms, and a tile primary bath can appeal to a range of household needs. For owner-occupants, the HOA-managed exterior responsibilities offer a more “lock and go” style of living, with landscaping and snow removal handled off-site, while the home’s interior updates and spacious primary suite support comfortable daily use.
Key Highlights
- Year built 2014 with frame and stucco construction
- Open floor plan with a spacious master suite and full tile master bath flooring
- Central air cooling plus forced‑air natural gas heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.7k | $18.96 |
| − Vacancy | −$1.2k | −$0.72 |
| EGI | $29.5k | $18.24 |
| − OpEx | −$13.3k | −$8.21 |
| NOI | $16.3k | $10.03 |
1,620 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.5K
$374.1K – $498.8K
NOI $29,926 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Well-kept home with open layout, updated kitchen, and spacious tiled primary bath under HOA-managed exterior services.
Where is this single family property located?
The property is located at 1653 E Horse Creek Ct Meridian, ID.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: Year built 2014 with frame and stucco construction; Open floor plan with a spacious master suite and full tile master bath flooring; Central air cooling plus forced‑air natural gas heating
