Well-Maintained Fourplex
119-125 E King St Meridian, ID 83642
119-125 E King St, Meridian, ID, 83642
$995,000
For Sale
$995,000
A desirable four-unit setup with covered parking and in-unit laundry hookups for reliable rental income potential.
Property Size4,232 SF
Price / SF$235.11
Days on Market100
Property Features for 119-125 E King St
General Information
- Standard status
- Active
- Size
- 4,232 SF
- Property subtype
- Income
Building Details
- Year Built
- 2003
Listing Agency
Finding 43 Real Estate
(208) 999-4567
Listed by
Sean McCracken · License #SP48810
(208) 999-4567
Source
Homesofidaho
Added: Apr 10 Checked: Jun 3 at 2:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Finding 43 Real Estate
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers a practical, low-maintenance investment layout with four distinct residential units. The unit mix is strong and flexible, featuring two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, supporting broad tenant appeal. Each unit includes washer and dryer hookups along with a refrigerator, adding everyday convenience for occupants. Covered parking further enhances the property’s day-to-day functionality.
The property is conveniently located in a Meridian area setting close to shopping, dining, and major commuter routes. The surrounding rental demand supports long-term stability, making the building attractive for buyers focused on steady performance. Prospective buyers should note that tenants are currently in place, and they ask that showings not disturb residents.
From an ownership perspective, the diversified unit mix can help reduce reliance on a single tenant profile and support more consistent income. The covered parking and efficient layouts are also helpful for day-to-day management, whether you’re building a longer-term hold strategy or considering owner-occupancy to offset expenses while building equity. This is a strong candidate for investors looking to add a manageable multifamily asset to a portfolio.
The property is conveniently located in a Meridian area setting close to shopping, dining, and major commuter routes. The surrounding rental demand supports long-term stability, making the building attractive for buyers focused on steady performance. Prospective buyers should note that tenants are currently in place, and they ask that showings not disturb residents.
From an ownership perspective, the diversified unit mix can help reduce reliance on a single tenant profile and support more consistent income. The covered parking and efficient layouts are also helpful for day-to-day management, whether you’re building a longer-term hold strategy or considering owner-occupancy to offset expenses while building equity. This is a strong candidate for investors looking to add a manageable multifamily asset to a portfolio.
Key Highlights
- Fourplex built in 2003 offering 4 units with 10 bedrooms and 8 total baths
- Unit mix: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
- Washer/dryer hookups (all units) plus refrigerator included in each unit
Local Financial Insights For Multifamily LT 5
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 | $68.6k | $16.20 |
| − Vacancy | −$2.9k | −$0.68 |
| EGI | $65.7k | $15.52 |
| − OpEx | −$19.7k | −$4.66 |
| NOI | $46.0k | $10.86 |
4,232 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.3K
NOI $45,975 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$606.5K
$530.7K – $707.6K
NOI $42,454 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.12M
$977.2K – $1.30M
NOI $78,177 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A desirable four-unit setup with covered parking and in-unit laundry hookups for reliable rental income potential.
Where is this quadplex located?
The property is located at 119-125 E King St Meridian, ID.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fourplex built in 2003 offering 4 units with 10 bedrooms and 8 total baths; Unit mix: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; Washer/dryer hookups (all units) plus refrigerator included in each unit
