Four-Unit Townhouse
New
For Sale
$1,195,000
1254-1272 NE 2 And A Half St, Meridian, ID 83642
Residential Income, Meridian, ID
Property Size3,922 SF
Lot Size0.23 Acres
Price / SF$304.69
Days on Market2
Property Features for 1254-1272 NE 2 And A Half St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-15
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bedroom 7, Bedroom 4, Bathroom 6, Bathroom 8, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 10, Bedroom 9, Bedroom 1, Bedroom 8, Bedroom 3, Bedroom 2, Bedroom 6
Parking
8
Appliances
Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
Subdivision
Mayflower
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
Fairview East of Main Street and South on 2 and A Half Street
Standard status
Active
APN
R5518460020, R5518460030, R5518460050, R5518460040
Size
3,922 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 01 BLDG 01 MAYFLOWER PLACE CONDO UNIT 02 BLDG 01 MAYFLOWER PLACE CONDO UNIT 03 BLDG 01 MAYFLOWER PLACE CONDO UNIT 04 BLDG 01 MAYFLOWER PLACE CONDO
Tax Annual Amount
4020
HOA Fee
$266 Monthly
Legal Description
UNIT 01 BLDG 01 MAYFLOWER PLACE CONDO UNIT 02 BLDG 01 MAYFLOWER PLACE CONDO UNIT 03 BLDG 01 MAYFLOWER PLACE CONDO UNIT 04 BLDG 01 MAYFLOWER PLACE CONDO
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
tankless water heaters
Building Details
Year built
2007
Number of units
4
Flooring type
Vinyl
Building materials
Frame
Roof type
Composition
Buildings
1
Listing Agency:
RE/MAX Capital City · RE/MAX International
(208) 344-7477
Listed By:
Nick Hansen · License #SP3154
(208) 371-8500
Added: Oct 26
Last Checked: Oct 27 at 4:06AM
MLS# 99004743
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.
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Investment Insights
Based on property information with market context.
Built in 2007, this 3,922-square-foot property contains four townhouse-style residences arranged as a quadplex. The unit mix consists of two 3-bedroom homes and two 2-bedroom homes, and each has its own garage. Tankless water heaters serve the units; additional features include forced-air natural gas heating and central air conditioning. The site encompasses 0.2292 acres.
All four residences are rented. The units may also be sold separately, providing flexibility in how the property is offered.
All four residences are rented. The units may also be sold separately, providing flexibility in how the property is offered.
Key Highlights
- Four townhouse units, with two 3‑bedroom and two 2‑bedroom residences
- 3,922 square feet on a 0.2292‑acre site
- Each residence has a private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,608
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,160
$852.2K
Cap Rate 7%
$608,686
$608.7K
Cap Rate 9%
$473,422
$473.4K
Market Conditions
NOI Build-Up for 3,922 SF
Gross rent
$63.5K $16.20/SF
− Vacancy
−$2.7K −$0.68/SF
EGI
$60.9K $15.52/SF
− OpEx
−$18.3K −$4.66/SF
NOI
$42.6K $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 Rate 5%
$852,160
Cap Rate 7%
$608,686
Cap Rate 9%
$473,422
Alternative Uses
Best Use
Multifamily LT 5
$608.7K
$532.6K – $710.1K
NOI $42,608 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$562.1K
$491.8K – $655.7K
NOI $39,344 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,420
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
Frequently Asked Questions
What type of property is this?
Quadplex - The individually saleable residences include private garages and tankless water heaters.
Where is this quadplex located?
The property is located at 1254-1272 NE 2 And A Half St Meridian, ID.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four townhouse units, with two 3‑bedroom and two 2‑bedroom residences; 3,922 square feet on a 0.2292‑acre site; Each residence has a private garage
