Fourplex with Private
For Sale
$965,000
1805 E Overland Rd. Building 40, Meridian, ID 83642
MULTI_FAMILY - Meridian, ID
Property Size3,380 SF
Lot Size0.10 Acres
Price / SF$285.50
Days on Market16
Property Features for 1805 E Overland Rd. Building 40
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
L-O
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 5
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 and follow the road. Building 40 will be on your right.
Standard status
Active
APN
R7689250520
Size
3,380 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 52 BLK 01 SAGECREST SUB
Tax Annual Amount
6107
HOA Fee
$300 Monthly
Legal Description
LOT 52 BLK 01 SAGECREST SUB
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
clubhouse
pool
fitness center
playground
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 20
Changed: Aug 3
Last Checked: Aug 4 at 2:06PM
MLS# 98994559
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.
A well-maintained fourplex in the established Sagecrest community, offered as a turnkey investment opportunity. The layout features functional split floor plans and includes full-size side-by-side washer/dryer, dishwasher, microwave, and refrigerator. Each unit also has a private patio or balcony with extra storage. Heating is forced air with natural gas and cooling is provided by central air.
The property was built in 2005 and uses frame with stucco construction under a composition roof. The Sagecrest community offers shared amenities including a fully furnished clubhouse available for resident events, a seasonal pool, a 24-hour fitness center, and a playground. The location is just minutes from I-84 and Eagle Road, with South Meridian shopping, dining, and entertainment hubs nearby.
Site size is 0.1 acres, and the building size is 3,380 square feet. Address: 1805 E Overland Rd., Building 40, Meridian, ID 83642.
The property was built in 2005 and uses frame with stucco construction under a composition roof. The Sagecrest community offers shared amenities including a fully furnished clubhouse available for resident events, a seasonal pool, a 24-hour fitness center, and a playground. The location is just minutes from I-84 and Eagle Road, with South Meridian shopping, dining, and entertainment hubs nearby.
Site size is 0.1 acres, and the building size is 3,380 square feet. Address: 1805 E Overland Rd., Building 40, Meridian, ID 83642.
Key Highlights
- Sagecrest community fourplex with private patio or balcony and extra storage
- In‑unit side‑by‑side washer/dryer plus dishwasher, microwave, and refrigerator
- Central air conditioning and forced‑air natural gas heating
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey fourplex in the Sagecrest community with central air, in-unit washer/dryer, and private patios or balconies.
Where is this quadplex located?
The property is located at 1805 E Overland Rd. Building 40 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: Sagecrest community fourplex with private patio or balcony and extra storage; In‑unit side‑by‑side washer/dryer plus dishwasher, microwave, and refrigerator; Central air conditioning and forced‑air natural gas heating
