Well-Maintained Fourplex
1805 E Overland Rd. Building 22 Meridian, ID 83642
New
For Sale
$965,000
Well-maintained fourplex in Sagecrest featuring split floor plans, in-unit washer/dryer, and private patios or balconies.
Property Size3,380 SF
Price / SF$285.50
Days on Market2
Property Features for 1805 E Overland Rd. Building 22
General Information
- Standard status
- Active
- Size
- 3,380 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2005
Listing Agency:
KW Commercial
(208) 672-9000
Listed By:
Tricia Callies · License #AB18477
Source:
Clearwaterproperties
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 3:55AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four residential units with functional split floor plans. Each unit includes a full-size side-by-side washer/dryer, dishwasher, microwave, and refrigerator, along with central air conditioning. Residents also have a private patio or balcony with extra storage.
The property is located within the established Sagecrest community. Shared amenities include a fully furnished clubhouse for resident events, a seasonal pool, a 24-hour fitness center, and a playground. The community is described as being minutes from I-84 and Eagle Road, with access to shopping, dining, and entertainment in South Meridian.
For sale as a turnkey offering, the building is positioned for investors looking for steady income in a growing Meridian area with convenient freeway access.
The property is located within the established Sagecrest community. Shared amenities include a fully furnished clubhouse for resident events, a seasonal pool, a 24-hour fitness center, and a playground. The community is described as being minutes from I-84 and Eagle Road, with access to shopping, dining, and entertainment in South Meridian.
For sale as a turnkey offering, the building is positioned for investors looking for steady income in a growing Meridian area with convenient freeway access.
Key Highlights
- Well‑maintained fourplex built in 2005 in the Sagecrest community
- 8 total bedrooms and 4.00 total bathrooms
- Each unit features split floor plans, central air, and a private patio or balcony with extra storage
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 | $54.8k | $16.20 |
| − Vacancy | −$2.3k | −$0.68 |
| EGI | $52.5k | $15.52 |
| − OpEx | −$15.7k | −$4.66 |
| NOI | $36.7k | $10.86 |
3,380 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$484.4K
$423.8K – $565.1K
NOI $33,907 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sagecrest Property Owners ...
Apartment Complex
Sagecrest Apartments
Apartment Complex
Granada Organic Carpet ...
Carpet Cleaning Service
Elsa Zarate
Apartment Building
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Sagecrest featuring split floor plans, in-unit washer/dryer, and private patios or balconies.
Where is this quadplex located?
The property is located at 1805 E Overland Rd. Building 22 Meridian, ID.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 2005 in the Sagecrest community; 8 total bedrooms and 4.00 total bathrooms; Each unit features split floor plans, central air, and a private patio or balcony with extra storage
