Fourplex with Covered
For Sale
$995,000
119-125 E King St, Meridian, ID 83642
MULTI_FAMILY - Meridian, ID
Property Size4,232 SF
Price / SF$235.11
Days on Market112
Property Features for 119-125 E King St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
O-T
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 10, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 2, Bedroom 9, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 8, Bathroom 1, Bathroom 6, Bedroom 4
Parking
8
Parking features
Carport, Driveway
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision
0 Not Applic.
Lot features
Standard Lot 6000-9999 S F, Bus on City Route, Irrigation
Elementary school
Meridian
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
Franklin, N on Main/1st, E on King
Standard status
Active
APN
R6101080020,R6101080030,R6101080040,R6101080050,
Size
4,232 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
See attached Exhibit 1
Tax Annual Amount
3661
Legal Description
See attached Exhibit 1
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2003
Number of units
4
Flooring type
Vinyl
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Leigh Wilson · License #SP25436
(208) 880-6927
Added: Apr 10
Changed: Jul 29
Last Checked: Jul 30 at 12:06PM
MLS# 98981568
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 fourplex at 119-125 E King St in Meridian includes two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit is set up with washer and dryer hookups and includes a refrigerator, adding day-to-day convenience for tenants. The property also features covered parking and a functional layout intended to support comfortable occupancy and practical day-to-day management.
The building is in a desirable Meridian location and is described as conveniently positioned near shopping, dining, and major commuter routes. This mix of nearby amenities and access helps make the property appealing to a range of renters.
From an ownership perspective, the unit mix provides flexibility for an investor looking for a residential income property and for an owner-occupant who wants the option to offset expenses through rental income. With low-maintenance characteristics referenced in the remarks and consistent, convenience-focused in-unit features, the property is positioned as a straightforward add-to or long-term hold type of asset. Please do not disturb tenants.
The building is in a desirable Meridian location and is described as conveniently positioned near shopping, dining, and major commuter routes. This mix of nearby amenities and access helps make the property appealing to a range of renters.
From an ownership perspective, the unit mix provides flexibility for an investor looking for a residential income property and for an owner-occupant who wants the option to offset expenses through rental income. With low-maintenance characteristics referenced in the remarks and consistent, convenience-focused in-unit features, the property is positioned as a straightforward add-to or long-term hold type of asset. Please do not disturb tenants.
Key Highlights
- Fourplex built in 2003 with a unit mix of two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Washer/dryer hookups and refrigerators included in each unit
- Forced‑air heating with natural gas and central air conditioning
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,360
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?
Quadplex - A well-kept fourplex with diversified unit mix and in-unit convenience features like washer/dryer hookups and refrigerators.
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 with a unit mix of two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Washer/dryer hookups and refrigerators included in each unit; Forced‑air heating with natural gas and central air conditioning
