Four-Unit Residential Income
For Sale
$950,000
Pending
1805 E Overland Rd. Building 35, Meridian, ID 83642
Residential Income, Meridian, ID
Property Size3,380 SF
Lot Size0.10 Acres
Days on Market76
Property Features for 1805 E Overland Rd. Building 35
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
L-O
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
4
Appliances
Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Sagecrest
Lot features
Small Lot 5999 S F, Sidewalks
Elementary school
Pepperridge
Middle school
Lewis and Clark
High school
Mountain View
Elementary school district
West Ada School District
Middle school district
West Ada School District
High school district
West Ada School District
Directions
From Eagle Rd. West onto Overland Rd. South onto S. Millennium Way. Take the first right. Building 35 will be on the North side of the road.
Standard status
Pending
APN
R7689250470
Size
3,380 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 47 BLK 01 SAGECREST SUB
Tax Annual Amount
6907
HOA Fee
$300 Monthly
Legal Description
LOT 47 BLK 01 SAGECREST SUB
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
clubhouse
pool
fitness center
playground
private patio/balcony
central air conditioning
washer/dryer
dishwasher
microwave
refrigerator
Building Details
Year built
2005
Number of units
4
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
KW Commercial · Keller Williams Realty
(208) 475-1313
Listed By:
Tricia Callies · License #AB18477
(208) 412-4771
Added: Jul 24
Changed: Sep 12
Last Checked: Oct 7 at 2:06AM
MLS# 98995226
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 3,380-square-foot fourplex contains four residential units within the Sagecrest community. Built in 2005, the property uses frame and stucco construction with a composition roof, forced-air natural gas heating, and central air conditioning. Unit features include split floor plans, side-by-side washer and dryer sets, dishwashers, microwaves, refrigerators, and private patios or balconies with additional storage.
Residents have access to a furnished clubhouse, seasonal pool, 24-hour fitness center, and playground. The property is located in Meridian near I-84, Eagle Road, and the shopping, dining, and entertainment offerings of South Meridian. The sale also includes Building 35, with Building 40 separately identified as available for sale.
Residents have access to a furnished clubhouse, seasonal pool, 24-hour fitness center, and playground. The property is located in Meridian near I-84, Eagle Road, and the shopping, dining, and entertainment offerings of South Meridian. The sale also includes Building 35, with Building 40 separately identified as available for sale.
Key Highlights
- Fourplex with 3,380 square feet across four residential units
- Built in 2005 with frame and stucco construction
- Every unit includes a washer and dryer, dishwasher, microwave, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,719
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,380
$734.4K
Cap Rate 7%
$524,557
$524.6K
Cap Rate 9%
$407,989
$408.0K
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$54.8K $16.20/SF
− Vacancy
−$2.3K −$0.68/SF
EGI
$52.5K $15.52/SF
− OpEx
−$15.7K −$4.66/SF
NOI
$36.7K $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%
$734,380
Cap Rate 7%
$524,557
Cap Rate 9%
$407,989
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$484.4K
$423.8K – $565.1K
NOI $33,907 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily asset with in-unit laundry, private outdoor space, and shared community amenities.
Where is this quadplex located?
The property is located at 1805 E Overland Rd. Building 35 Meridian, ID.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fourplex with 3,380 square feet across four residential units; Built in 2005 with frame and stucco construction; Every unit includes a washer and dryer, dishwasher, microwave, and refrigerator
