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108-Unit Apartment Community
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51 Blue Heron Lane, Meridian, ID 83642

Heron Village is a 108-unit apartment community available for sale in Meridian, Idaho.

Property SizeContact for details
Days on Market125

Property Features for 51 Blue Heron Lane

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 108
Listing Agency: Berkadia
Listed By: Clay Anderson · License #ID SP34431
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 1:54AM

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 Berkadia

Investment Insights

Based on property information with market context.

Heron Village offers an ownership opportunity in a 108-unit apartment community. The property will be delivered free and clear of existing debt. Current rent information indicates gross rents have increased 5% over the past 6 weeks.

Located in Meridian, Idaho within Ada County, the offering is positioned in the Boise area where Forbes reported the city as the #1 Fastest Growing City in America in February 2018.

Key Highlights

  • 108‑unit apartment community for sale in Meridian, Idaho (Heron Village).
  • Free‑and‑clear delivery: property will be delivered free‑and‑clear of existing debt.
  • Rent‑roll shows gross rents increased 5% over the past 6 weeks.

Property Analytics

Current Use

Heron Village Apartments Apartment Complex Precision Remodeling Renovation Specialist Max Woodwork/ Custom ... General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Hotel & Motel Catering Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

108
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

709
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Heron Village is a 108-unit apartment community available for sale in Meridian, Idaho.
Where is this apartment building located?
The property is located at 51 Blue Heron Lane Meridian, ID.
What are key features of this property?
This property features: 108‑unit apartment community for sale in Meridian, Idaho (Heron Village).; Free‑and‑clear delivery: property will be delivered free‑and‑clear of existing debt.; Rent‑roll shows gross rents increased 5% over the past 6 weeks.
More about this property
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