Single-Level Income Home with
For Sale
$425,000
Pending
1193 W Crosswind Dr, Meridian, ID 83646
Residential Income, Meridian, ID
Property Size1,520 SF
Lot Size0.13 Acres
Days on Market93
Property Features for 1193 W Crosswind Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
City of Meridian R-8
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
2
Parking features
Driveway
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Woodburn
Lot features
Small Lot 5999 S F, Sidewalks
Elementary school
Hunter
Middle school
Sawtooth Middle
High school
Rocky Mountain
Elementary school district
West Ada School District
Middle school district
West Ada School District
High school district
West Ada School District
Directions
From Meridian Road, go W on Ustick, N on NW 12th Ave, R on NW 13th, R on W Woodpine, R on NW 12th Ave, L on Crosswind
Standard status
Pending
APN
R9532190490
Size
1,520 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 16 BLK 06 WOODBURN WEST SUB NO 02
Tax Annual Amount
1829
HOA Fee
$495 Annually
Legal Description
LOT 16 BLK 06 WOODBURN WEST SUB NO 02
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2018
Number of units
1
Building materials
Frame, Stone, HardiPlank Type
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Stanley Tonkin · License #AB30809
(208) 860-4771
Added: Jun 1
Changed: Aug 20
Last Checked: Sep 1 at 6:06PM
MLS# 98988525
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 single-level income property is a 3-bedroom, 2-bath home with a 2-car garage and a split bedroom layout. The primary bathroom features dual vanities. The open great room plan combines the kitchen and living areas, and the home includes Craftsman-style trim and all appliances, including the refrigerator. Interior photos were provided by property management and were taken in 2018 when the house was vacant. The property also offers spacious side yards, and due to tenant occupancy, there is no For Sale sign on site.
The home backs and borders two common areas and sits across from the community’s park, which includes a playground and picnic area. The park setting also provides room to run. The property is within one mile of Meridian’s Settlers’ Park. Showings are limited to driving by and walking around the outside sidewalk and common area, with interior access only after an offer is accepted.
For buyers or investors, the current lease is in place through June 30, 2027, which may support a straightforward transition for an owner seeking an income-producing property. The straightforward bedroom and living configuration, attached garage, and included appliances can appeal to tenants looking for a functional single-level rental plan.
The home backs and borders two common areas and sits across from the community’s park, which includes a playground and picnic area. The park setting also provides room to run. The property is within one mile of Meridian’s Settlers’ Park. Showings are limited to driving by and walking around the outside sidewalk and common area, with interior access only after an offer is accepted.
For buyers or investors, the current lease is in place through June 30, 2027, which may support a straightforward transition for an owner seeking an income-producing property. The straightforward bedroom and living configuration, attached garage, and included appliances can appeal to tenants looking for a functional single-level rental plan.
Key Highlights
- Single‑level 3‑bedroom, 2‑bath income property with split bedroom layout
- Lease in place through June 30, 2027
- 2‑car garage and driveway parking
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
$15,248
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
3.59%
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%
$304,960
$305.0K
Cap Rate 7%
$217,829
$217.8K
Cap Rate 9%
$169,422
$169.4K
Market Conditions
NOI Build-Up for 1,520 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
$28.8K $18.96/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$27.7K $18.24/SF
− OpEx
−$12.5K −$8.21/SF
NOI
$15.2K $10.03/SF
Area
Meridian, ID
Vacancy
3.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$304,960
Cap Rate 7%
$217,829
Cap Rate 9%
$169,422
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,248 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.1K
$351.0K – $468.0K
NOI $28,079 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 83646, ID
69,818
Population
26,829
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
2,557
Density / Sq Mi
$101,040
Median Household Income
$47,397
Median Earnings
$1,814
Median Rent
$488,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Single-level rental home with a split-bedroom layout, 2-car garage, and an in-place lease through June 30, 2027.
Where is this single family property located?
The property is located at 1193 W Crosswind Dr Meridian, ID.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Single‑level 3‑bedroom, 2‑bath income property with split bedroom layout; Lease in place through June 30, 2027; 2‑car garage and driveway parking
