Duplex with Fenced
1515 W Maple Ave. Meridian, ID 83642
For Sale
$474,900
Pending
Duplex offering two 2-bedroom, 1-bath units with fenced yards, a one-car garage, and off-street parking.
Property Size1,752 SF
Days on Market15
Property Features for 1515 W Maple Ave.
General Information
- Standard status
- Pending
- Size
- 1,752 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1974
Listing Agency:
Stevens Realty
Listed By:
Jeff Stevens
Source:
Clearwaterproperties
Added: Jul 10
Changed: Jul 23
Last Checked: Jul 23 at 1:40PM
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 Stevens Realty
Investment Insights
Based on property information with market context.
This duplex provides two separate 2-bedroom, 1-bath units, each supported by mature, low-maintenance landscaping and fully fenced yards. The property includes a one-car garage, along with ample driveway and off-street parking. Updates mentioned include some new windows, newer flooring, and newer exterior paint.
The property is described as being in NW Meridian with convenient proximity to the freeway and the airport, as well as parks, shopping, downtown, and The District.
As a residential income property, the duplex is presented with long-term tenants in place.
The property is described as being in NW Meridian with convenient proximity to the freeway and the airport, as well as parks, shopping, downtown, and The District.
As a residential income property, the duplex is presented with long-term tenants in place.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Two‑car attached garage (2 garage spaces) with a finished driveway
- Fully fenced yards for added privacy
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 | $28.4k | $16.20 |
| − Vacancy | −$1.2k | −$0.68 |
| EGI | $27.2k | $15.52 |
| − OpEx | −$8.2k | −$4.66 |
| NOI | $19.0k | $10.86 |
1,752 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$251.1K
$219.7K – $292.9K
NOI $17,576 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$462.3K
$404.6K – $539.4K
NOI $32,364 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two 2-bedroom, 1-bath units with fenced yards, a one-car garage, and off-street parking.
Where is this duplex located?
The property is located at 1515 W Maple Ave. Meridian, ID.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Two‑car attached garage (2 garage spaces) with a finished driveway; Fully fenced yards for added privacy
