Duplex with Community
For Sale
$680,000
4044 W Ski Jump Lane, Meridian, ID 83642
Residential Income, Meridian, ID
Property Size3,556 SF
Price / SF$191.23
Days on Market518
Property Features for 4044 W Ski Jump Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking
3
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
0 Not Applic.
Lot features
Small Lot 5999 S F
Elementary school
Chaparral
Middle school
Meridian Middle
High school
Meridian
Elementary school district
West Ada School District
Middle school district
West Ada School District
High school district
West Ada School District
Directions
North on S Ten Mile Rd, West on W Franklin Rd,North on N Scotney Ave, East on W Chair Lift Ln
Standard status
Active
APN
R2405720260
Size
3,556 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 29 BLK 03 ENTRATA FARMS SUB NO 02
Tax Annual Amount
2211
HOA Fee
$338 Monthly
Legal Description
LOT 29 BLK 03 ENTRATA FARMS SUB NO 02
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
playground
pool
dog park
green spaces
walking paths
Building Details
Year built
2021
Number of units
2
Building materials
Stucco
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Pedro Resendez · License #SP55961
(208) 513-0252
Added: Mar 26, 2025
Changed: Aug 20
Last Checked: Aug 25 at 12:06AM
MLS# 98940446
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 2021-built duplex contains 3,556 square feet and includes six bedrooms and six bathrooms. Each unit is equipped with a disposal, stove/range, refrigerator, and washer/dryer. The property features stucco construction, composition roofing, forced-air heating, and central air conditioning.
Located at 4044 W Ski Jump Lane in Meridian’s Entrata Farms community, the property is minutes from I-84 and within walking distance of banks, restaurants, entertainment, and outdoor activities. Community amenities include a playground, swimming pool, dog park, green spaces, and walking paths.
The duplex format, full appliance package, and on-site recreational features support both investor ownership and owner-occupant use with tenants, as described for the property.
Located at 4044 W Ski Jump Lane in Meridian’s Entrata Farms community, the property is minutes from I-84 and within walking distance of banks, restaurants, entertainment, and outdoor activities. Community amenities include a playground, swimming pool, dog park, green spaces, and walking paths.
The duplex format, full appliance package, and on-site recreational features support both investor ownership and owner-occupant use with tenants, as described for the property.
Key Highlights
- 3,556‑square‑foot duplex with 6 bedrooms and 6 bathrooms
- Built in 2021 with stucco construction and composition roofing
- Disposal, stove/range, refrigerator, and washer/dryer included in all units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,631
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$772,620
$772.6K
Cap Rate 7%
$551,871
$551.9K
Cap Rate 9%
$429,233
$429.2K
Market Conditions
NOI Build-Up for 3,556 SF
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.
Gross rent
$57.6K $16.20/SF
− Vacancy
−$2.4K −$0.68/SF
EGI
$55.2K $15.52/SF
− OpEx
−$16.6K −$4.66/SF
NOI
$38.6K $10.86/SF
Area
Meridian, ID
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$772,620
Cap Rate 7%
$551,871
Cap Rate 9%
$429,233
Alternative Uses
Best Use
Multifamily LT 5
$551.9K
$482.9K – $643.9K
NOI $38,631 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.6K
NOI $35,673 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$938.4K
$821.1K – $1.09M
NOI $65,689 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 83642, ID
55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2021-built duplex with central air, forced-air heating, and appliances provided in each unit.
Where is this duplex located?
The property is located at 4044 W Ski Jump Lane Meridian, ID.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 3,556‑square‑foot duplex with 6 bedrooms and 6 bathrooms; Built in 2021 with stucco construction and composition roofing; Disposal, stove/range, refrigerator, and washer/dryer included in all units
